Dominican Republic: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in the Dominican Republic

The Dominican continuous-action elevators and conveyors market reached $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed a resilient expansion. Continuous-action elevators and conveyors consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Continuous-Action Elevators And Conveyors in the Dominican Republic

In value terms, continuous-action elevators and conveyors production expanded slightly to $X in 2022 estimated in export price. Overall, production saw prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Continuous-action elevators and conveyors production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from the Dominican Republic

In 2022, the amount of continuous-action elevators and conveyors exported from the Dominican Republic contracted notably to X units, reducing by X% against the previous year. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, continuous-action elevators and conveyors exports soared to $X in 2022. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for continuous-action elevators and conveyors exports from the Dominican Republic, with a X% share of total exports. Moreover, continuous-action elevators and conveyors exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and Panama (X% per year).

In value terms, Panama ($X) emerged as the key foreign market for continuous-action elevators and conveyors exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Panama totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Haiti (X% per year).

Export Prices by Country

The average continuous-action elevators and conveyors export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a mild decline. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to the United States ($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 Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Continuous-Action Elevators And Conveyors

Imports into the Dominican Republic

In 2022, the amount of continuous-action elevators and conveyors imported into the Dominican Republic soared to X units, rising by X% against the previous year. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, continuous-action elevators and conveyors imports dropped to $X in 2022. Over the period under review, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of continuous-action elevators and conveyors to the Dominican Republic, accounting for a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, the United States ($X) constituted the largest supplier of continuous-action elevators and conveyors to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Mexico, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

Import Prices by Country

The average continuous-action elevators and conveyors import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price recorded a sharp decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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