Price for Electric Motors; of an Output Not Exceeding 37.5W in the Dominican Republic - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in the Dominican Republic (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in the Dominican Republic (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in the Dominican Republic
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in the Dominican Republic
Price for Electric Motors; of an Output Not Exceeding 37.5W in the Dominican Republic (CIF) - 2022
The average import price for electric motors stood at $58 per unit in 2022, growing by 33% against the previous year. In general, the import price, however, saw a abrupt contraction. The growth pace was the most rapid in 2019 an increase of 35% against the previous year. The import price peaked at $112 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 the United States ($234 per unit), while the price for China ($23 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in the Dominican Republic (FOB) - 2022
The average export price for electric motors stood at $22 per unit in 2022, falling by -22.6% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of 257% against the previous year. The export price peaked at $173 per unit in 2015; however, from 2016 to 2022, the export prices stood 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 United States ($124 per unit), while the average price for exports to Haiti stood at $11 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+0.2%).
Imports of Electric Motors; of an Output Not Exceeding 37.5W in the Dominican Republic
For the fourth year in a row, the Dominican Republic recorded growth in overseas purchases of electric motors, which increased by 2.4% to 304K units in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 73% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of electric motors soared to $18M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +89.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.3 | 3.6 | 4.9 | 6.6 | 7.6% |
| China | 2.3 | 2.6 | 3.8 | 5.5 | 33.7% |
| Italy | 1.2 | 0.9 | 1.4 | 1.7 | 12.3% |
| Mexico | 0.7 | 0.3 | 0.5 | 0.8 | 4.6% |
| Vietnam | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Others | 2.3 | 1.8 | 2.1 | 2.8 | 6.8% |
| Total | 12.0 | 9.2 | 12.9 | 17.5 | 13.4% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to the Dominican Republic in 2022:
- China (234.7K units)
- United States (28.3K units)
- Italy (22.5K units)
- Mexico (5.1K units)
- Vietnam (3.5K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in the Dominican Republic
In 2022, the amount of electric motors exported from the Dominican Republic surged to 22K units, increasing by 121% on 2021 figures. Overall, exports, however, showed a abrupt shrinkage. Over the period under review, the exports of hit record highs at 30K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electric motors soared to $471K in 2022. In general, exports, however, recorded a precipitous shrinkage. Over the period under review, the exports of hit record highs at $2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 162 | 56.6 | 88.6 | 221 | 10.9% |
| United States | 1,727 | 57.4 | 157 | 139 | -56.8% |
| Others | 64.3 | 104 | 30.0 | 111 | 20.0% |
| Total | 1,953 | 218 | 276 | 471 | -37.8% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from the Dominican Republic in 2022:
- Haiti (20.0K units)
- United States (1.1K units)
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