Dominican Republic: Concrete Pump Market 2024

Concrete Pump Market Size in the Dominican Republic

In 2021, the Dominican concrete pump market decreased by -33.9% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate prominent growth. Concrete pump consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Concrete Pump Exports

Exports from the Dominican Republic

In 2021, shipments abroad of concrete pumps decreased by -25% to X units, falling for the second consecutive year after four years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 167% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, concrete pump exports surged to $X in 2021. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by 526%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Haiti (X units), Chile (X units) and Ecuador (X units) were the main destinations of concrete pump exports from the Dominican Republic.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Haiti ($X) emerged as the key foreign market for concrete pumps exports from the Dominican Republic, comprising 71% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 20% share of total exports. It was followed by Jamaica, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti amounted to -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+18.2% per year) and Jamaica (+3.0% per year).

Export Prices by Country

In 2021, the average concrete pump export price amounted to $X per unit, with an increase of 104% against the previous year. Overall, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 301% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, 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 Haiti ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+192.1%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Pump Imports

Imports into the Dominican Republic

In 2021, purchases abroad of concrete pumps decreased by -18.8% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 200% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, concrete pump imports reduced dramatically to $X in 2021. Overall, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 189% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Canada (X units) constituted the largest concrete pump supplier to the Dominican Republic, with a 38% share of total imports. Moreover, concrete pump imports from Canada exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by Turkey (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada stood at +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+13.0% per year) and Turkey (+13.0% per year).

In value terms, Mexico ($X), Turkey ($X) and Canada ($X) appeared to be the largest concrete pump suppliers to the Dominican Republic, with a combined 74% share of total imports.

Canada, with a CAGR of +121.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete pump import price stood at $X per unit in 2021, which is down by -30.4% against the previous year. Overall, the import price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2014 an increase of 101%. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+70.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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