Dominican Republic - Lead-Acid Accumulators For Starting Piston Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStarter Battery Price in the Dominican Republic - 2023
Contents:
- Starter Battery Price in the Dominican Republic (CIF) - 2023
- Starter Battery Price in the Dominican Republic (FOB) - 2022
- Starter Battery Imports in the Dominican Republic
- Starter Battery Exports in the Dominican Republic
Starter Battery Price in the Dominican Republic (CIF) - 2023
The average starter battery import price stood at $56.6 per unit in March 2023, rising by 21% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 64% month-to-month. Over the period under review, average import prices attained the peak figure at $76.4 per unit in May 2022; however, from June 2022 to March 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($125 per unit), while the price for China ($9.5 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Starter Battery Price in the Dominican Republic (FOB) - 2022
In 2022, the average starter battery export price amounted to $20 per unit, picking up by 51% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The export price peaked at $57 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($117 per unit), while the average price for exports to Haiti totaled $20 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.
Starter Battery Imports in the Dominican Republic
For the fourth consecutive year, the Dominican Republic recorded growth in supplies from abroad of lead-acid accumulators for starting piston engines, which increased by 15% to 975K units in 2022. The total import volume increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, starter battery imports expanded remarkably to $52M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Starter Battery in the Dominican Republic (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 14.1 | 13.2 | 12.8 | 14.9 | 1.9% |
United States | 13.7 | 11.4 | 9.3 | 9.8 | -10.6% |
South Korea | 3.3 | 3.9 | 6.0 | 7.2 | 29.7% |
Brazil | 1.0 | 1.6 | 4.7 | 4.8 | 68.7% |
Colombia | 3.8 | 4.0 | 4.8 | 4.8 | 8.1% |
Turkey | 2.4 | 1.2 | 2.0 | 4.6 | 24.2% |
China | 4.7 | 3.0 | 5.1 | 4.1 | -4.5% |
Others | 2.5 | 2.6 | 3.3 | 2.0 | -7.2% |
Total | 45.5 | 40.9 | 47.9 | 52.2 | 4.7% |
Top Suppliers of Starter Battery to the Dominican Republic in 2022:
- China (383.0K units)
- Mexico (147.6K units)
- Turkey (117.5K units)
- South Korea (89.2K units)
- Brazil (77.1K units)
- United States (75.8K units)
- Colombia (54.0K units)
Starter Battery Exports in the Dominican Republic
In 2022, the amount of lead-acid accumulators for starting piston engines exported from the Dominican Republic contracted to 28K units, which is down by -12.8% on the previous year's figure. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 107%. The exports peaked at 48K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, starter battery exports soared to $555K in 2022. Over the period under review, exports saw a sharp contraction. The exports peaked at $1.8M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Starter Battery in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Haiti | 1,508 | 368 | 414 | 541 | -28.9% |
United States | 134 | 5.9 | 2.6 | 14.6 | -52.2% |
Cuba | 101 | 1.0 | N/A | N/A | -99.0% |
Others | 20.9 | 0.2 | 4.4 | 0.2 | -78.8% |
Total | 1,763 | 375 | 421 | 555 | -32.0% |
Top Export Markets for Starter Battery from the Dominican Republic in 2022:
- Haiti (27.4K units)
- United States (0.1K units)
This report provides an in-depth analysis of the starter battery market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27202100 - Lead-acid accumulators for starting piston engines
- Prodcom 27202110 -
- Prodcom 27202120 -
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the starter battery market in the Dominican Republic.
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