Motorcycle Tire Price in the Dominican Republic - 2023

Motorcycle Tire Price in the Dominican Republic (CIF) - 2023

The average motorcycle tire import price stood at $17.0 per unit in March 2023, picking up by 77% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($26.6 per unit), while the price for China totaled $15.5 per unit.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Motorcycle Tire Price in the Dominican Republic (FOB) - 2023

The average motorcycle tire export price stood at $18.4 per unit in February 2023, rising by 15% against the previous month. In general, the export price showed slight growth. The most prominent rate of growth was recorded in March 2022 an increase of 24% m-o-m. Over the period under review, the average export prices hit record highs at $24.1 per unit in August 2022; however, from September 2022 to February 2023, the export prices stood at a somewhat lower figure.

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

From February 2022 to February 2023, the rate of growth in terms of prices for Haiti amounted to +1.5% per month.

Motorcycle Tire Imports in the Dominican Republic

Motorcycle tire imports into the Dominican Republic totaled 1.1M units in 2022, growing by 2.5% against the year before. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 103%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, motorcycle tire imports soared to $16M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +67.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Import of Motorcycle Tire in the Dominican Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	5.4	5.2	7.2	8.2	14.9%
Vietnam	3.5	3.7	4.4	5.4	15.6%
Indonesia	N/A	N/A	0.2	1.3	550.0%
Others	0.6	0.5	0.5	0.8	10.1%
Total	9.6	9.4	12.3	15.7	17.8%

Top Suppliers of Motorcycle Tire to the Dominican Republic in 2022:

China (639.4K units)
Vietnam (343.1K units)
Indonesia (90.3K units)

Motorcycle Tire Exports in the Dominican Republic

In 2022, the amount of new pneumatic tyres for motorcycles exported from the Dominican Republic reduced markedly to 17K units, falling by -50.4% on 2021 figures. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 92% against the previous year. As a result, the exports attained the peak of 35K units, and then reduced rapidly in the following year.

In value terms, motorcycle tire exports plummeted to $348K in 2022. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 111%. As a result, the exports reached the peak of $549K, and then dropped remarkably in the following year.