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Dominican Republic - Motorcycles and Scooters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMotorcycle and Scooter Price in the Dominican Republic - 2023
Contents:
- Motorcycle and Scooter Price in the Dominican Republic (CIF) - 2022
- Motorcycle and Scooter Price in the Dominican Republic (FOB) - 2022
- Motorcycle and Scooter Imports in the Dominican Republic
- Motorcycle and Scooter Exports in the Dominican Republic
Motorcycle and Scooter Price in the Dominican Republic (CIF) - 2022
In 2022, the average motorcycle and scooter import price amounted to $3,672 per unit, picking up by 18% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motorcycle and scooter import price increased by +71.2% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($6,932 per unit), while the price for China ($3,061 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle and Scooter Price in the Dominican Republic (FOB) - 2022
The average motorcycle and scooter export price stood at $2,247 per unit in 2022, increasing by 89% against the previous year. Overall, the export price, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 127% against the previous year. As a result, the export price attained the peak level of $4,297 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($5,812 per unit), while the average price for exports to British Virgin Islands ($670 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 France (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.
Motorcycle and Scooter Imports in the Dominican Republic
Motorcycle and scooter imports into the Dominican Republic amounted to 40K units in 2022, surging by 7.4% on the year before. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, motorcycle and scooter imports skyrocketed to $148M in 2022. Overall, imports showed a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 74% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
Import of Motorcycle and Scooter in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 56.6 | 43.8 | 78.6 | 91.0 | 17.1% |
India | 12.6 | 9.0 | 18.4 | 32.1 | 36.6% |
Japan | 13.3 | 9.2 | 13.8 | 18.0 | 10.6% |
Others | 5.7 | 4.9 | 5.5 | 6.5 | 4.5% |
Total | 88.2 | 67.0 | 116 | 148 | 18.8% |
Top Suppliers of Motorcycle and Scooter to the Dominican Republic in 2022:
- China (29.7K units)
- India (7.4K units)
- Japan (2.6K units)
Motorcycle and Scooter Exports in the Dominican Republic
In 2022, after three years of growth, there was significant decline in overseas shipments of motorcycles and scooters, when their volume decreased by -74.8% to 37 units. Overall, exports, however, continue to indicate a moderate increase. The growth pace was the most rapid in 2020 with an increase of 112% against the previous year. Over the period under review, the exports attained the maximum at 147 units in 2021, and then shrank significantly in the following year.
In value terms, motorcycle and scooter exports declined markedly to $83K in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2020 when exports increased by 381%. As a result, the exports attained the peak of $301K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Motorcycle and Scooter in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turks and Caicos Islands | 1.6 | 5.4 | N/A | 26.1 | 153.6% |
Haiti | 29.7 | 49.7 | 36.9 | 24.4 | -6.3% |
Netherlands | 0.1 | 191 | 1.7 | 17.4 | 458.3% |
United States | 12.1 | 31.3 | 24.6 | 7.0 | -16.7% |
Australia | N/A | N/A | N/A | 3.0 | 0% |
British Virgin Islands | 2.7 | N/A | N/A | 2.0 | -9.5% |
France | 3.7 | 2.6 | 16.6 | 1.4 | -27.7% |
Cuba | 3.2 | N/A | 85.4 | N/A | 416.6% |
Others | 9.5 | 20.8 | 10.0 | 1.8 | -42.6% |
Total | 62.6 | 301 | 175 | 83.2 | 9.9% |
Top Export Markets for Motorcycle and Scooter from the Dominican Republic in 2022:
- Turks and Caicos Islands (14.0 units)
- Haiti (9.0 units)
- United States (4.0 units)
- Netherlands (3.0 units)
- British Virgin Islands (3.0 units)
- France (2.0 units)
- Australia (1.0 units)
This report provides an in-depth analysis of the motorcycle and scooter 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 30911200 - Motorcycles with reciprocating internal combustion piston engine > .50 cm.
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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