Dominican Republic: Bar Draw-Bench Market 2025

Bar Draw-Bench Market Size in the Dominican Republic

The Dominican bar draw-bench market shrank notably to $X in 2022, dropping by X% 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, however, recorded significant growth. Bar draw-bench consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Bar Draw-Bench Exports

Exports from the Dominican Republic

In 2022, overseas shipments of draw-benches for bars, tubes, profiles, wire or the like decreased by X% to X units, falling for the third year in a row after three years of growth. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bar draw-bench exports declined significantly to $X in 2022. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) and British Virgin Islands (X units) were the main destinations of bar draw-bench exports from the Dominican Republic.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the largest markets for bar draw-bench exported from the Dominican Republic were the United States ($X) and British Virgin Islands ($X).

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average bar draw-bench export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then declined rapidly in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to British Virgin Islands amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced mixed trend patterns.

Bar Draw-Bench Imports

Imports into the Dominican Republic

After two years of growth, overseas purchases of draw-benches for bars, tubes, profiles, wire or the like decreased by X% to X units in 2022. Overall, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, bar draw-bench imports expanded remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of bar draw-bench to the Dominican Republic, with a X% share of total imports. Moreover, bar draw-bench imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of draw-benches for bars, tubes, profiles, wire or the like to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

The average bar draw-bench import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price showed significant growth. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 South Korea ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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