Price for Tools, Hand; Other than Household Tools in the Dominican Republic - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in the Dominican Republic (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in the Dominican Republic (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in the Dominican Republic
- Exports of Tools, Hand; Other than Household Tools in the Dominican Republic
Price for Tools, Hand; Other than Household Tools in the Dominican Republic (CIF) - 2022
The average import price for tools, hand; other than household toolses stood at $8,414 per ton in 2022, with an increase of 1.9% against the previous year. Overall, the import price, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by 30%. The import price peaked at $13,825 per ton in 2012; however, from 2013 to 2022, import prices stood 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 ($36,296 per ton), while the price for Spain ($3,243 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced a decline.
Price for Tools, Hand; Other than Household Tools in the Dominican Republic (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $10,540 per ton, picking up by 148% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 825%. Over the period under review, the average export prices attained the peak figure at $28,775 per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 ($20,955 per ton), while the average price for exports to Poland ($964 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+11.2%), while the prices for the other major destinations experienced a decline.
Imports of Tools, Hand; Other than Household Tools in the Dominican Republic
In 2022, imports of tools, hand; other than household toolses into the Dominican Republic reduced to 732 tons, dropping by -14.1% compared with 2021. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.6% 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 +32.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of 853 tons, and then fell in the following year.
In value terms, imports of tools, hand; other than household toolses fell to $6.2M in 2022. Over the period under review, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% 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 +54.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. As a result, imports attained the peak of $7M, and then reduced in the following year.
Import of Tools, Hand; Other than Household Tools in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.4 | 1.1 | 2.1 | 2.4 | 19.7% |
United States | 2.5 | 1.7 | 2.6 | 1.7 | -12.1% |
Mexico | 1.2 | 0.8 | 1.6 | 1.3 | 2.7% |
Brazil | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
Spain | 0.1 | N/A | 0.1 | N/A | 0.0% |
Others | 0.4 | 0.3 | 0.5 | 0.5 | 7.7% |
Total | 5.7 | 4.0 | 7.0 | 6.2 | 2.8% |
Top Suppliers of Tools, Hand; Other than Household Tools to the Dominican Republic in 2022:
- China (431.3 tons)
- Mexico (183.3 tons)
- United States (45.6 tons)
- Brazil (30.5 tons)
- Spain (14.9 tons)
Exports of Tools, Hand; Other than Household Tools in the Dominican Republic
In 2022, overseas shipments of tools, hand; other than household toolses decreased by -56.6% to 7.8 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 202%. As a result, the exports reached the peak of 20 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tools, hand; other than household toolses expanded sharply to $82K in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 223% against the previous year. As a result, the exports attained the peak of $212K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
Export of Tools, Hand; Other than Household Tools in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 21.4 | 188 | 7.6 | 64.8 | 44.7% |
Haiti | 17.2 | 15.7 | 30.3 | 10.3 | -15.7% |
Mexico | 0.3 | 0.2 | 0.8 | 3.5 | 126.8% |
Saint Vincent and the Grenadines | N/A | N/A | N/A | 0.6 | 0% |
Cuba | 9.0 | 3.0 | 0.1 | 0.5 | -61.8% |
Poland | N/A | N/A | N/A | 0.5 | 0% |
Turks and Caicos Islands | N/A | N/A | 19.0 | 0.3 | -98.4% |
Sweden | N/A | N/A | 5.8 | N/A | 0% |
Others | 17.8 | 5.4 | 12.6 | 1.6 | -55.2% |
Total | 65.7 | 212 | 76.2 | 82.1 | 7.7% |
Top Export Markets for Tools, Hand; Other than Household Tools from the Dominican Republic in 2022:
- United States (3091.0 kg)
- Haiti (2557.0 kg)
- Mexico (753.0 kg)
- Poland (553.0 kg)
- Saint Vincent and the Grenadines (345.0 kg)
- Turks and Caicos Islands (119.0 kg)
- Cuba (51.0 kg)
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