Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the Dominican Republic - 2023

Contents:

1. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the Dominican Republic (CIF) - 2022
2. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the Dominican Republic (FOB) - 2022
3. Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the Dominican Republic
4. Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the Dominican Republic

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the Dominican Republic (CIF) - 2022

The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $4,648 per ton in 2022, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2017 an increase of 43% against the previous year. The import price peaked at $5,382 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($9,955 per ton), while the price for China amounted to $4,122 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.1%).

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the Dominican Republic (FOB) - 2022

The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $4,021 per ton in 2022, leveling off at the previous year. In general, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 911% against the previous year. The export price peaked at $139,933 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2013 to 2022, the rate of growth in terms of prices for Cuba amounted to +1.5% per year.

Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the Dominican Republic

In 2022, imports of cycles; parts, pedals and crank-gear, and parts thereoves into the Dominican Republic declined remarkably to 139 tons, falling by -22% against 2021 figures. In general, total imports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, imports reached the peak of 178 tons, and then shrank markedly in the following year.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves contracted to $645K in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. As a result, imports attained the peak of $733K, and then declined in the following year.

Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to the Dominican Republic in 2022:

1. China (128.5 tons)
2. India (8.3 tons)

Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the Dominican Republic

In 2022, after three years of growth, there was decline in overseas shipments of cycles; parts, pedals and crank-gear, and parts thereoves, when their volume decreased by -1.6% to 2.6 tons. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 188%.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves dropped slightly to $10K in 2022. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 207%.

Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from the Dominican Republic in 2022:

1. Haiti (2.6 tons)

Source: IndexBox Market Intelligence Platform