Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Dominican Republic - 2023

Contents:

1. Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Dominican Republic (CIF) - 2022
2. Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Dominican Republic (FOB) - 2022
3. Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Dominican Republic
4. Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Dominican Republic

Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Dominican Republic (CIF) - 2022

The average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $4,851 per unit in 2022, reducing by -48.1% against the previous year. Over the period under review, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 19%. Over the period under review, average import prices attained the maximum at $16,336 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 ($7,513 per unit), while the price for India ($19 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 (-7.1%), while the prices for the other major suppliers experienced a decline.

Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Dominican Republic (FOB) - 2022

The average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $22,367 per unit in 2022, dropping by -6.7% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses increased by +109.9% against 2013 indices. The pace of growth appeared the most rapid in 2021 an increase of 45% against the previous year. As a result, the export price reached the peak level of $23,968 per unit, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($129,324 per unit), while the average price for exports to El Salvador ($1,204 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 Cayman Islands (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Dominican Republic

In 2022, approx. 451 units of yachts and other vessels; for pleasure or sports, rowing boats and canoeses were imported into the Dominican Republic; growing by 48% on the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +17.2% 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 +61.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 56%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses shrank remarkably to $2.2M in 2022. Overall, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 16% against the previous year. As a result, imports reached the peak of $3.4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes to the Dominican Republic in 2022:

1. United States (262.0 units)
2. India (59.0 units)
3. China (59.0 units)
4. France (37.0 units)
5. Spain (14.0 units)
6. Netherlands (1.0 units)

Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Dominican Republic

In 2022, approx. 82 units of yachts and other vessels; for pleasure or sports, rowing boats and canoeses were exported from the Dominican Republic; jumping by 71% against the year before. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses surged to $1.8M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from the Dominican Republic in 2022:

1. Haiti (13.0 units)
2. France (12.0 units)
3. El Salvador (9.0 units)
4. United States (5.0 units)
5. Turks and Caicos Islands (4.0 units)
6. Netherlands (3.0 units)
7. Bahamas (2.0 units)
8. British Virgin Islands (2.0 units)

Source: IndexBox Market Intelligence Platform