Report Update Nov 1, 2024

Dominican Republic - Clutches and Shaft Couplings - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Shaft Coupling Market 2024

Shaft Coupling Market Size in the Dominican Republic

The Dominican shaft coupling market soared to $X in 2022, increasing by 42% 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). Overall, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Shaft Coupling Exports

Exports from the Dominican Republic

In 2022, after three years of growth, there was significant decline in overseas shipments of clutches and shaft couplings, when their volume decreased by -48.8% to X tons. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2016 when exports increased by 695%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, shaft coupling exports reduced dramatically to $X in 2022. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 341% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for shaft coupling exports from the Dominican Republic, with a approx. 98% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +57.2%.

In value terms, the United States ($X) also remains the key foreign market for clutches and shaft couplings exports from the Dominican Republic.

From 2013 to 2022, the average annual growth rate of value to the United States totaled +47.6%.

Export Prices by Country

In 2022, the average shaft coupling export price amounted to $X per ton, with an increase of 44% against the previous year. Over the period under review, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 280%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2013 to 2022, the rate of growth in terms of prices for Mexico amounted to +57.9% per year.

Shaft Coupling Imports

Imports into the Dominican Republic

In 2022, approx. X tons of clutches and shaft couplings were imported into the Dominican Republic; with an increase of 49% on 2021 figures. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 172% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, shaft coupling imports surged to $X in 2022. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 159%. 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

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of shaft coupling imports to the Dominican Republic, with a combined 77% share of total imports. Japan, Canada, Spain and Austria lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +80.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of clutches and shaft couplings to the Dominican Republic, comprising 44% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.3% per year) and Germany (+26.2% per year).

Import Prices by Country

The average shaft coupling import price stood at $X per ton in 2022, shrinking by -11.2% against the previous year. Overall, the import price saw a noticeable curtailment. The growth pace was the most rapid in 2018 an increase of 31%. The import price peaked at $X per ton in 2019; however, from 2020 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for clutches and shaft couplings in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 64% share of global consumption.

What are the largest producers of clutches and shaft couplings in the world?

China constituted the country with the largest volume of shaft coupling production, accounting for 47% of total volume. Moreover, shaft coupling production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by India, with a 6.6% share.

What are the leading suppliers of clutches and shaft couplings to the Dominican Republic?

In value terms, the United States, Germany and Japan appeared to be the largest shaft coupling suppliers to the Dominican Republic, together comprising 59% of total imports. China, Italy, Brazil, Mexico, Austria, Colombia, Spain, Panama, Switzerland and Taiwan Chinese) lagged somewhat behind, together comprising a further 31%.

What are the leading importers of clutches and shaft couplings from the Dominican Republic?

In value terms, Mexico remains the key foreign market for shaft coupling exports from the Dominican Republic.

What is the average export price for clutches and shaft couplings in the Dominican Republic?

The average shaft coupling export price stood at $4,219 per ton in 2021, reducing by -15.2% against the previous year.

What is the average import price for clutches and shaft couplings in the Dominican Republic?

The average shaft coupling import price stood at $31,142 per ton in 2021, picking up by 1.9% against the previous year.

This report provides an in-depth analysis of the shaft coupling 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 28152600 - Clutches and shaft couplings (including universal joints)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023