Dominican Republic: Bearing Market 2025

Bearing Market Size in the Dominican Republic

The Dominican bearing market surged to $X in 2021, with an increase of 37% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted buoyant growth. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Bearing Exports

Exports from the Dominican Republic

In 2021, the amount of ball and roller bearings exported from the Dominican Republic contracted remarkably to X kg, declining by -56% compared with the previous year. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 938%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, bearing exports declined dramatically to $X in 2021. Overall, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2016 when exports increased by 245% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for bearing exports from the Dominican Republic, accounting for a 15,394% share of total exports. Moreover, bearing exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), threefold. Mexico (X tons) ranked third in terms of total exports with an 842% share.

From 2012 to 2020, the average annual growth rate of volume to Haiti totaled +178.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.8% per year) and Mexico (+16.7% per year).

In value terms, Haiti ($X) remains the key foreign market for ball and roller bearings exports from the Dominican Republic, comprising 84% of total exports. The second position in the ranking was taken by the United States ($X), with a 29% share of total exports. It was followed by Mexico, with a 4.6% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Haiti stood at +179.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.5% per year) and Mexico (+17.3% per year).

Export Prices by Country

The average bearing export price stood at $X per ton in 2020, increasing by 88% against the previous year. Over the period under review, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 130%. The export price peaked in 2020 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2020, amid the top suppliers, the countries with the highest prices were Mexico ($X per ton) and the United States ($X per ton), while the average price for exports to Haiti ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into the Dominican Republic

In 2021, the amount of ball and roller bearings imported into the Dominican Republic soared to X tons, with an increase of 30% compared with the previous year. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 99%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, bearing imports soared to $X in 2021. In general, imports showed pronounced growth. The growth pace was the most rapid in 2018 with an increase of 103%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of bearing imports to the Dominican Republic.

From 2012 to 2020, the biggest increases were recorded for France (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing suppliers to the Dominican Republic were the United States ($X), China ($X) and Japan ($X), together comprising 84% of total imports. Italy, Germany, France, Sweden and Spain lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, France, with a CAGR of +17.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average bearing import price amounted to $X per ton, waning by -7.3% against the previous year. In general, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2016 when the average import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2020, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Japan ($X per ton), while the price for China ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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