Dominican Republic: Hedge Shear Market 2024

Hedge Shear Market Size in the Dominican Republic

The Dominican hedge shear market soared to $X in 2021, rising by 24% 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, saw a noticeable shrinkage. Hedge shear consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hedge Shear Exports

Exports from the Dominican Republic

In 2021, after two years of growth, there was significant decline in overseas shipments of hedge shears and two-handed pruning shears, when their volume decreased by -42.7% to X kg. In general, exports, however, saw notable growth. The growth pace was the most rapid in 2014 when exports increased by 255%. The exports peaked at X kg in 2020, and then plummeted in the following year.

In value terms, hedge shear exports soared to $X in 2021. Over the period under review, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2015 with an increase of 439%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Anguilla (X kg), Haiti (X kg) and the United States (X kg) were the main destinations of hedge shear exports from the Dominican Republic, together accounting for 88% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +24.1%), while the other leaders experienced mixed trend patterns.

In value terms, Haiti ($X) remains the key foreign market for hedge shears and two-handed pruning shears exports from the Dominican Republic, comprising 32% of total exports. The second position in the ranking was held by Anguilla ($X), with a 3.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti stood at -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Anguilla (0.0% per year) and the United States (+53.0% per year).

Export Prices by Country

The average hedge shear export price stood at $X per ton in 2021, growing by 109% against the previous year. Overall, the export price continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 461% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Anguilla ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+25.6%).

Hedge Shear Imports

Imports into the Dominican Republic

In 2021, imports of hedge shears and two-handed pruning shears into the Dominican Republic skyrocketed to X tons, picking up by 28% against 2020. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 85% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hedge shear imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 81%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Mexico (X tons), China (X tons) and Brazil (X kg) were the main suppliers of hedge shear imports to the Dominican Republic, together accounting for 92% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +0.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest hedge shear suppliers to the Dominican Republic were Mexico ($X), China ($X) and the United States ($X), with a combined 86% share of total imports.

China, with a CAGR of -0.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average hedge shear import price amounted to $X per ton, shrinking by -4.6% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hedge shear import price decreased by -3.2% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of 25%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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