Dominican Republic - Fork-Lift Trucks and Other Industrial Works Trucks and Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDominican Republic: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2024
Market Size for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in the Dominican Republic
The Dominican market for fork-lift trucks and other industrial works trucks and tractors shrank dramatically to $X in 2019, waning by 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, posted buoyant growth. Consumption of peaked at $X in 2016; however, from 2017 to 2019, consumption remained at a lower figure.
Exports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors
Exports from the Dominican Republic
After three years of growth, overseas shipments of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units in 2023. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2022, and then reduced modestly in the following year.
In value terms, exports of fork-lift trucks and other industrial works trucks and tractors soared to $X in 2023. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.
Exports by Country
Haiti (X units) was the main destination for exports of fork-lift trucks and other industrial works trucks and tractors from the Dominican Republic, accounting for a X% share of total exports. It was followed by Spain (X units), with a X% share of total exports.
From 2012 to 2023, the average annual rate of growth in terms of volume to Haiti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the United States (X% per year).
In value terms, Haiti ($X) remains the key foreign market for fork-lift trucks and other industrial works trucks and tractors exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by the United States, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value to Haiti stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the United States (X% per year).
Export Prices by Country
In 2023, the average export price for fork-lift trucks and other industrial works trucks and tractors amounted to $X per unit, surging by X% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (X%), while the prices for the other major destinations experienced a decline.
Imports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors
Imports into the Dominican Republic
Imports of fork-lift trucks and other industrial works trucks and tractors into the Dominican Republic skyrocketed to X units in 2023, with an increase of X% compared with the year before. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports of hit record highs in 2023 and are expected to retain growth in years to come.
In value terms, imports of fork-lift trucks and other industrial works trucks and tractors surged to $X in 2023. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports of hit record highs in 2023 and are expected to retain growth in years to come.
Imports by Country
In 2023, China (X units) constituted the largest forklift truck and industrial works truck supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, imports of fork-lift trucks and other industrial works trucks and tractors from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Mexico (X units) ranked third in terms of total imports with a X% share.
From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).
In value terms, the largest forklift truck and industrial works truck suppliers to the Dominican Republic were China ($X), the United States ($X) and Ireland ($X), with a combined X% share of total imports. Spain, Colombia, the Netherlands and Mexico lagged somewhat behind, together accounting for a further X%.
In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of 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
The average import price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price, however, saw a slight curtailment. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for forklift truck and industrial works truck in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221513 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height . 1 m
- Prodcom 28221515 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height < 1 m
- Prodcom 28221530 - Self-propelled trucks fitted with lifting or handling equipment, n on-powered by an electric motor
- Prodcom 28221550 - Fork-lift trucks and other works trucks fitted with lifting or handling equipment (excluding self-propelled trucks)
- Prodcom 28221570 - Works trucks, self-propelled, not fitted with lifting or handling equipment, of the type used in factories, warehouses, dock areas or airports for short distance transport of goods, t ractors of the type used on railway station platforms
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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