Price for Reciprocating or Rotary Internal Combustion Piston Engines in the Dominican Republic - 2023
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in the Dominican Republic (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in the Dominican Republic (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in the Dominican Republic
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in the Dominican Republic
Price for Reciprocating or Rotary Internal Combustion Piston Engines in the Dominican Republic (CIF) - 2022
In 2022, the average import price for reciprocating or rotary internal combustion piston engineses amounted to $676 per unit, dropping by -4.3% against the previous year. Overall, the import price showed a significant decrease. The growth pace was the most rapid in 2016 an increase of 549% against the previous year. As a result, import price attained the peak level of $26,306 per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
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 ($1,692 per unit), while the price for China ($104 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-17.1%), while the prices for the other major suppliers experienced a decline.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in the Dominican Republic (FOB) - 2022
The average export price for reciprocating or rotary internal combustion piston engineses stood at $889 per unit in 2022, which is down by -43.4% against the previous year. In general, the export price recorded a dramatic contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 121% against the previous year. As a result, the export price attained the peak level of $15,064 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($9,526 per unit), while the average price for exports to Costa Rica ($149 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 Panama (+49.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in the Dominican Republic
In 2022, the amount of reciprocating or rotary internal combustion piston engineses imported into the Dominican Republic soared to 38K units, rising by 21% against 2021. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 75%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of reciprocating or rotary internal combustion piston engineses reduced to $26M in 2022. The total import value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 12%. As a result, imports reached the peak of $26M, and then shrank slightly in the following year.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.8 | 15.3 | 17.4 | 12.4 | 4.7% |
| Japan | 7.2 | 5.4 | 5.1 | 8.6 | 6.1% |
| South Korea | 1.4 | 1.0 | 1.5 | 2.0 | 12.6% |
| China | 0.8 | 0.7 | 1.4 | 1.7 | 28.6% |
| Others | 1.3 | 1.0 | 0.7 | 1.0 | -8.4% |
| Total | 21.5 | 23.4 | 26.2 | 25.7 | 6.1% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to the Dominican Republic in 2022:
- China (16.2K units)
- Japan (10.9K units)
- United States (7.3K units)
- South Korea (2.4K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in the Dominican Republic
In 2022, the amount of reciprocating or rotary internal combustion piston engineses exported from the Dominican Republic reduced rapidly to 338 units, with a decrease of -34.6% against 2021 figures. Overall, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. The exports peaked at 1.4K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of reciprocating or rotary internal combustion piston engineses declined rapidly to $610K in 2022. In general, exports recorded a dramatic setback. The smallest decline of -36.7% was in 2020. The exports peaked at $9.4M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 250 | N/A | N/A | 174 | -11.4% |
| United States | 3,019 | 5,732 | 2,194 | 143 | -63.8% |
| Haiti | 5,902 | 119 | 111 | 123 | -72.5% |
| Turks and Caicos Islands | 38.0 | 10.2 | 79.3 | 90.8 | 33.7% |
| Venezuela | N/A | 17.7 | N/A | 36.6 | 43.8% |
| Chile | N/A | N/A | N/A | 7.2 | 0% |
| Cuba | 10.7 | 0.5 | 4.3 | 4.8 | -23.4% |
| Costa Rica | 0.6 | N/A | 75.0 | 0.1 | -45.0% |
| Others | 147 | 51.1 | 2.7 | 30.2 | -41.0% |
| Total | 9,367 | 5,930 | 2,467 | 610 | -59.8% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from the Dominican Republic in 2022:
- Canada (101.0 units)
- Haiti (72.0 units)
- Turks and Caicos Islands (63.0 units)
- Venezuela (25.0 units)
- Chile (24.0 units)
- United States (15.0 units)
- Cuba (11.0 units)
- Costa Rica (1.0 units)
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