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Dominican Republic - Agricultural Appliances - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAgricultural Appliance Price in the Dominican Republic - 2023
Contents:
- Agricultural Appliance Price in the Dominican Republic (CIF) - 2022
- Agricultural Appliance Price in the Dominican Republic (FOB) - 2023
- Agricultural Appliance Imports in the Dominican Republic
- Agricultural Appliance Exports in the Dominican Republic
Agricultural Appliance Price in the Dominican Republic (CIF) - 2022
The average agricultural appliance import price stood at $3.2 per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 39%. As a result, import price reached the peak level of $4 per unit. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($15 per unit), while the price for China ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Agricultural Appliance Price in the Dominican Republic (FOB) - 2023
The average agricultural appliance export price stood at $773 per thousand units in March 2023, declining by -9.6% against the previous month. Overall, the export price, however, posted mild growth. The pace of growth was the most pronounced in February 2023 when the average export price increased by 177% m-o-m. The export price peaked at $1.4 per unit in October 2022; however, from November 2022 to March 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In March 2023, the country with the highest price was Italy ($4.3 per unit), while the average price for exports to the United States totaled $401 per thousand units.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.2%).
Agricultural Appliance Imports in the Dominican Republic
In 2022, supplies from abroad of agricultural appliances decreased by -1.9% to 2M units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 54% against the previous year. As a result, imports attained the peak of 2.3M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, agricultural appliance imports reduced modestly to $6.3M in 2022. In general, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 114% against the previous year. As a result, imports reached the peak of $9.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Agricultural Appliance in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 679 | 1,238 | 1,819 | 1,494 | 30.1% |
Spain | 1,401 | 1,654 | 1,157 | 1,296 | -2.6% |
United States | 508 | 1,331 | 771 | 753 | 14.0% |
Mexico | 264 | 1,046 | 755 | 644 | 34.6% |
Italy | 425 | 1,217 | 452 | 604 | 12.4% |
Israel | 443 | 771 | 229 | 436 | -0.5% |
Others | 524 | 1,806 | 1,246 | 1,092 | 27.7% |
Total | 4,244 | 9,063 | 6,428 | 6,318 | 14.2% |
Top Suppliers of Agricultural Appliance to the Dominican Republic in 2022:
- China (1240.9K units)
- Italy (198.1K units)
- United States (103.0K units)
- Mexico (102.1K units)
- Spain (87.2K units)
- Israel (76.9K units)
Agricultural Appliance Exports in the Dominican Republic
In 2022, overseas shipments of agricultural appliances decreased by -91.5% to 97K units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 246% against the previous year. As a result, the exports attained the peak of 2.4M units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, agricultural appliance exports shrank remarkably to $271K in 2022. Over the period under review, exports saw a significant contraction. The pace of growth appeared the most rapid in 2020 with an increase of 164%. As a result, the exports reached the peak of $11M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Agricultural Appliance in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,461 | 3,992 | 1,349 | 104 | -58.6% |
Italy | 709 | 2,266 | 655 | 50.2 | -58.6% |
Australia | 340 | 1,379 | 335 | 25.7 | -57.7% |
China | 312 | 219 | 201 | 15.4 | -63.3% |
Others | 1,383 | 3,263 | 3,157 | 76.5 | -61.9% |
Total | 4,205 | 11,121 | 5,696 | 271 | -59.9% |
Top Export Markets for Agricultural Appliance from the Dominican Republic in 2022:
- United States (81.3K units)
- Italy (5.7K units)
- Australia (2.9K units)
- China (1.9K units)
This report provides an in-depth analysis of the agricultural appliance market 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 28306010 - Agricultural or horticultural watering appliances
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
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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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