Dominican Republic: Starter Motor Market 2024

Starter Motor Market Size in the Dominican Republic

For the third year in a row, the Dominican starter motor market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, showed a relatively flat trend pattern. Starter motor consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Starter Motor Production in the Dominican Republic

In value terms, starter motor production rose remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X%. Starter motor production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Starter Motor Exports

Exports from the Dominican Republic

In 2022, after two years of growth, there was significant decline in overseas shipments of starter motors and dual purpose starter generators, when their volume decreased by X% to X units. Over the period under review, exports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, starter motor exports declined dramatically to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Haiti (X units) and Chile (X units) were the main destinations of starter motor exports from the Dominican Republic, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Haiti (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for starter motor exported from the Dominican Republic were Haiti ($X), the United States ($X) and Chile ($X), together comprising X% of total exports.

Haiti, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average starter motor export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced a decline.

Starter Motor Imports

Imports into the Dominican Republic

In 2022, approx. X units of starter motors and dual purpose starter generators were imported into the Dominican Republic; growing by X% compared with 2021. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, starter motor imports surged to $X in 2022. Over the period under review, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest starter motor supplier to the Dominican Republic, with a X% share of total imports. Moreover, starter motor imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

In value terms, China ($X), the United States ($X) and Japan ($X) were the largest starter motor suppliers to the Dominican Republic, together accounting for X% of total imports. South Korea and India lagged somewhat behind, together comprising a further X%.

Among the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average starter motor import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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