Dominican Republic - Vehicles Not Mechanically Propelled - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Propelled Vehicle Price in the Dominican Republic - 2023
Contents:
- Non-Propelled Vehicle Price in the Dominican Republic (CIF) - 2023
- Non-Propelled Vehicle Price in the Dominican Republic (FOB) - 2022
- Non-Propelled Vehicle Imports in the Dominican Republic
- Non-Propelled Vehicle Exports in the Dominican Republic
Non-Propelled Vehicle Price in the Dominican Republic (CIF) - 2023
The average non-propelled vehicle import price stood at $170 per unit in March 2023, with an increase of 18% against the previous month. Over the period under review, the import price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 108% m-o-m. The import price peaked in March 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($268 per unit), while the price for Mexico ($80.9 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by China (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Propelled Vehicle Price in the Dominican Republic (FOB) - 2022
The average non-propelled vehicle export price stood at $26 per unit in 2022, which is down by -24.2% against the previous year. In general, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2015 an increase of 68% against the previous year. Over the period under review, the average export prices attained the maximum at $81 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($43 per unit), while the average price for exports to Haiti ($24 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 Saint Vincent and the Grenadines (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Propelled Vehicle Imports in the Dominican Republic
In 2022, non-propelled vehicle imports into the Dominican Republic surged to 82K units, with an increase of 19% on the previous year. Over the period under review, imports showed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, non-propelled vehicle imports expanded remarkably to $5.4M in 2022. The total import value increased at an average annual rate of +1.3% 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 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
Import of Non-Propelled Vehicle in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,755 | 1,486 | 1,204 | 1,652 | -2.0% |
China | 824 | 725 | 1,607 | 1,453 | 20.8% |
Mexico | 1,497 | 871 | 1,775 | 1,402 | -2.2% |
Spain | 758 | 296 | 213 | 457 | -15.5% |
El Salvador | 41.1 | 57.6 | 31.8 | 62.5 | 15.0% |
Others | 328 | 399 | 295 | 387 | 5.7% |
Total | 5,204 | 3,835 | 5,125 | 5,413 | 1.3% |
Top Suppliers of Non-Propelled Vehicle to the Dominican Republic in 2022:
- China (39.1K units)
- Mexico (19.7K units)
- United States (14.7K units)
- El Salvador (2.3K units)
- Spain (2.0K units)
Non-Propelled Vehicle Exports in the Dominican Republic
Non-propelled vehicle exports from the Dominican Republic fell rapidly to 2.9K units in 2022, with a decrease of -48.3% against the previous year's figure. Overall, exports continue to indicate a dramatic setback. The smallest decline of -32.9% was in 2021. Over the period under review, the exports hit record highs at 17K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, non-propelled vehicle exports shrank notably to $76K in 2022. Over the period under review, exports saw a precipitous slump. The smallest decline of -8.3% was in 2021. Over the period under review, the exports attained the peak figure at $785K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Non-Propelled Vehicle in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Haiti | 634 | 133 | 116 | 67.2 | -52.7% |
Saint Vincent and the Grenadines | N/A | N/A | 0.1 | 2.0 | 1900.0% |
United States | 30.8 | 44.5 | 2.9 | 0.8 | -70.4% |
Philippines | 90.8 | N/A | N/A | N/A | 0% |
Others | 29.0 | 34.1 | 74.9 | 6.1 | -40.5% |
Total | 785 | 212 | 194 | 76.1 | -54.1% |
Top Export Markets for Non-Propelled Vehicle from the Dominican Republic in 2022:
- Haiti (2770.0 units)
- Saint Vincent and the Grenadines (57.0 units)
- United States (19.0 units)
This report provides an in-depth analysis of the non-propelled vehicle 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 30991000 - Vehicles not mechanically propelled including industry trolleys, barrows, luggage trucks, hopper-trucks, hand pulled golf trolleys excluding shopping trolleys
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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