Price for Tractors; (Other than Tractors of Heading No 8709) in the Dominican Republic - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in the Dominican Republic (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in the Dominican Republic (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in the Dominican Republic
- Exports of Tractors; (Other than Tractors of Heading No 8709) in the Dominican Republic
Price for Tractors; (Other than Tractors of Heading No 8709) in the Dominican Republic (CIF) - 2022
The average import price for tractors; (other than tractors of heading no 8709)s stood at $81,756 per unit in 2022, dropping by -17.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 19%. Over the period under review, average import prices hit record highs at $98,896 per unit in 2021, and then contracted notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($388,811 per unit), while the price for Slovenia ($7,456 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in the Dominican Republic (FOB) - 2022
The average export price for tractors; (other than tractors of heading no 8709)s stood at $735 per unit in 2022, dropping by -91.6% against the previous year. In general, the export price recorded a precipitous descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 110%. As a result, the export price attained the peak level of $45,485 per unit. From 2019 to 2022, the average 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 France ($13,831 per unit), while the average price for exports to Ecuador ($33 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 France (-0.3%), while the prices for the other major destinations experienced a decline.
Imports of Tractors; (Other than Tractors of Heading No 8709) in the Dominican Republic
In 2022, approx. 181 units of tractors; (other than tractors of heading no 8709)s were imported into the Dominican Republic; falling by -42.7% on the previous year. In general, imports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. Imports peaked at 363 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of tractors; (other than tractors of heading no 8709)s declined remarkably to $15M in 2022. Over the period under review, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of $31M, and then declined notably in the following year.
| Import of Tractors; (Other than Tractors of Heading No 8709) in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 6.3 | 3.6 | 7.7 | 3.9 | -14.8% |
| Mexico | 4.1 | 3.1 | 2.8 | 2.4 | -16.3% |
| Haiti | 1.6 | 1.9 | 2.2 | 2.1 | 9.5% |
| India | 0.8 | 0.6 | 1.8 | 1.7 | 28.6% |
| Japan | 1.3 | 0.4 | 1.7 | 0.8 | -14.9% |
| Germany | 0.3 | 0.3 | 1.0 | 0.7 | 32.6% |
| United States | 10.3 | 13.5 | 10.6 | 0.6 | -61.2% |
| Uruguay | 0.5 | 0.6 | 0.6 | 0.5 | 0.0% |
| Canada | 0.7 | 0.5 | 0.5 | 0.4 | -17.0% |
| Vietnam | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| China | 1.5 | 0.9 | 1.3 | 0.4 | -35.6% |
| Slovenia | N/A | N/A | N/A | 0.1 | 0% |
| Spain | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Others | 1.3 | 1.3 | 1.0 | 0.8 | -14.9% |
| Total | 28.9 | 26.8 | 31.3 | 14.8 | -20.0% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to the Dominican Republic in 2022:
- Haiti (37.0 units)
- Mexico (27.0 units)
- Canada (13.0 units)
- China (12.0 units)
- Japan (11.0 units)
- United States (11.0 units)
- Brazil (10.0 units)
- Uruguay (9.0 units)
- Slovenia (9.0 units)
- India (8.0 units)
- Germany (8.0 units)
- Vietnam (4.0 units)
- Spain (2.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in the Dominican Republic
In 2022, approx. 87 units of tractors; (other than tractors of heading no 8709)s were exported from the Dominican Republic; rising by 71% against the year before. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 750% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of tractors; (other than tractors of heading no 8709)s declined rapidly to $64K in 2022. In general, exports, however, faced a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1,028%. Over the period under review, the exports of attained the peak figure at $606K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Tractors; (Other than Tractors of Heading No 8709) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 7.7 | 11.7 | 181 | 22.1 | 42.1% |
| Mexico | 152 | 15.7 | 137 | 18.1 | -50.8% |
| France | 86.7 | 9.9 | 95.0 | 13.8 | -45.8% |
| United States | 149 | 0.7 | 13.0 | 5.3 | -67.1% |
| Ecuador | N/A | N/A | N/A | 1.4 | 0% |
| Panama | N/A | N/A | N/A | 1.3 | 0% |
| Colombia | N/A | N/A | N/A | 1.0 | 0% |
| Others | 211 | 1.7 | 21.4 | 0.8 | -84.4% |
| Total | 606 | 39.7 | 448 | 63.9 | -52.8% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from the Dominican Republic in 2022:
- Ecuador (43.0 units)
- Colombia (19.0 units)
- Panama (13.0 units)
- Haiti (7.0 units)
- Mexico (2.0 units)
- France (1.0 units)
- United States (1.0 units)
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