Dominican Republic: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in the Dominican Republic

The Dominican gravimetric filling machine market skyrocketed to $X in 2022, jumping by 27% against the previous year. In general, consumption continues to indicate a precipitous decrease. Gravimetric filling machine consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Gravimetric Filling Machine Production in the Dominican Republic

In value terms, gravimetric filling machine production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2015 when the production volume increased by 19%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Gravimetric Filling Machine Exports

Exports from the Dominican Republic

In 2022, shipments abroad of automatic gravimetric filling machines increased by 200% to X units, rising for the second year in a row after three years of decline. In general, exports, however, showed a deep slump. The growth pace was the most rapid in 2016 when exports increased by 1,400% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, gravimetric filling machine exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a significant decline. The most prominent rate of growth was recorded in 2016 when exports increased by 2,018% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X units), Nicaragua (X units) and British Virgin Islands (X units) were the main destinations of gravimetric filling machine exports from the Dominican Republic.

From 2012 to 2022, the biggest increases were recorded for British Virgin Islands (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Nicaragua ($X) emerged as the key foreign market for automatic gravimetric filling machines exports from the Dominican Republic, comprising 93% of total exports. The second position in the ranking was held by British Virgin Islands ($X), with a 4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Nicaragua amounted to +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: British Virgin Islands (-77.8% per year) and Haiti (-50.8% per year).

Export Prices by Country

The average gravimetric filling machine export price stood at $X per unit in 2022, picking up by 44% against the previous year. Over the period under review, the export price, however, saw a precipitous curtailment. The pace of growth appeared the most rapid in 2015 an increase of 580% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 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 Nicaragua ($X per unit), while the average price for exports to Haiti ($X 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 Nicaragua (+10.3%), while the prices for the other major destinations experienced a decline.

Gravimetric Filling Machine Imports

Imports into the Dominican Republic

In 2022, purchases abroad of automatic gravimetric filling machines decreased by -35% to X units, falling for the second year in a row after two years of growth. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 693%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, gravimetric filling machine imports declined rapidly to $X in 2022. Over the period under review, imports recorded a slight curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 740% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Portugal (X units) were the main suppliers of gravimetric filling machine imports to the Dominican Republic, together accounting for 69% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +14.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Italy ($X) were the largest gravimetric filling machine suppliers to the Dominican Republic, with a combined 85% share of total imports.

Italy, with a CAGR of +88.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average gravimetric filling machine import price amounted to $X per unit, dropping by -19.4% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 28%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 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 Italy ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+88.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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