Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Dominican Republic - 2023

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Dominican Republic (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Dominican Republic (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Dominican Republic
4. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Dominican Republic

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Dominican Republic (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $1,946 per unit, surging by 28% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 80% against the previous year. As a result, import price reached the peak level of $3,708 per unit. From 2016 to 2022, the average 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 ($2,694 per unit), while the price for Thailand ($617 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Dominican Republic (FOB) - 2022

The average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $1,676 per unit in 2022, rising by 105% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $1,940 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,339 per unit), while the average price for exports to France stood at $350 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.7%), while the prices for the other major destinations experienced a decline.

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Dominican Republic

In 2022, overseas purchases of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses were finally on the rise to reach 655 units for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses soared to $1.3M in 2022. Over the period under review, imports, however, showed a abrupt curtailment. Over the period under review, imports of hit record highs at $1.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to the Dominican Republic in 2022:

1. Italy (388.0 units)
2. United States (88.0 units)
3. Spain (80.0 units)
4. China (71.0 units)
5. Thailand (20.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Dominican Republic

For the third year in a row, the Dominican Republic recorded decline in overseas shipments of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses, which decreased by -25% to 3 units in 2022. Over the period under review, exports saw a sharp setback. The smallest decline of -20% was in 2021. Over the period under review, the exports of hit record highs at 8 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses skyrocketed to $5K in 2022. Overall, exports recorded a abrupt descent. Over the period under review, the exports of hit record highs at $8.8K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from the Dominican Republic in 2022:

1. United States (2.0 units)
2. France (1.0 units)

Source: IndexBox Market Intelligence Platform