Dominican Republic: Escalator Market 2024

Escalator Market Size in the Dominican Republic

In 2022, the Dominican escalator market increased by 20% to $X, rising for the fourth year in a row after four years of decline. Over the period under review, consumption, however, recorded a noticeable slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Escalator Production in the Dominican Republic

In value terms, escalator production stood at $X in 2022 estimated in export price. In general, production, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 70% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Escalator Exports

Exports from the Dominican Republic

In 2022, shipments abroad of escalators and moving WalkWays decreased by 0% to X units, falling for the fourth consecutive year after two years of growth. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 1,208%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, escalator exports amounted to $X in 2022. In general, exports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2017 when exports increased by 6,024%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Haiti (X units) and Honduras (X units) were the main destinations of escalator exports from the Dominican Republic, with a combined 75% share of total exports. These countries were followed by France, which accounted for a further 25%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X) remains the key foreign market for escalators and moving WalkWays exports from the Dominican Republic, comprising 91% of total exports. The second position in the ranking was held by the United States ($X), with a 5.3% share of total exports. It was followed by Haiti, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at -24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-54.7% per year) and Haiti (-53.9% per year).

Export Prices by Country

The average escalator export price stood at $X per unit in 2022, picking up by 7.5% against the previous year. Over the period under review, the export price, however, recorded a significant curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 1,784%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 France ($X per unit), while the average price for exports to Honduras ($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 Honduras (-22.6%), while the prices for the other major destinations experienced a decline.

Escalator Imports

Imports into the Dominican Republic

In 2022, after two years of decline, there was significant growth in purchases abroad of escalators and moving WalkWays, when their volume increased by 229% to X units. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 443%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, escalator imports soared to $X in 2022. Overall, imports continue to indicate notable growth. The most prominent rate of growth was recorded in 2016 with an increase of 627% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Mexico (X units), China (X units) and the United States (X units) were the main suppliers of escalator imports to the Dominican Republic, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +44.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of escalators and moving WalkWays to the Dominican Republic, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with a 26% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to +101.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.0% per year) and the United States (+10.1% per year).

Import Prices by Country

In 2022, the average escalator import price amounted to $X per unit, increasing by 18% against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 77% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 Japan ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+78.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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