Dominican Republic: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in the Dominican Republic

The Dominican non-propelled vehicle market amounted to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a resilient expansion. Non-propelled vehicle consumption peaked in 2022 and is likely to see gradual growth in years to come.

Non-Propelled Vehicle Exports

Exports from the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in overseas shipments of vehicles not mechanically propelled, which decreased by X% to X units in 2022. Overall, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-propelled vehicle exports reduced markedly to $X in 2022. Over the period under review, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X units) was the main destination for non-propelled vehicle exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, non-propelled vehicle exports to Haiti exceeded the volume sent to the second major destination, Saint Vincent and the Grenadines (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Vincent and the Grenadines (X% per year) and the United States (X% per year).

In value terms, Haiti ($X) remains the key foreign market for vehicles not mechanically propelled exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Saint Vincent and the Grenadines ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Haiti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Vincent and the Grenadines (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average non-propelled vehicle export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

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 the United States ($X per unit), while the average price for exports to Saint Vincent and the Grenadines ($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 Saint Vincent and the Grenadines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Propelled Vehicle Imports

Imports into the Dominican Republic

In 2022, the amount of vehicles not mechanically propelled imported into the Dominican Republic fell to X units, waning by X% against 2021. In general, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, non-propelled vehicle imports rose notably to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Mexico (X units) and the United States (X units) were the main suppliers of non-propelled vehicle imports to the Dominican Republic, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Mexico ($X) were the largest non-propelled vehicle suppliers to the Dominican Republic, with a combined X% share of total imports.

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

Import Prices by Country

The average non-propelled vehicle import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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