Dominican Republic: Hydraulic Press Market 2024

Hydraulic Press Market Size in the Dominican Republic

The Dominican hydraulic press market stood at $X in 2022, picking up by 2.8% against the previous year. Overall, consumption saw a strong expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Hydraulic Press Production in the Dominican Republic

In value terms, hydraulic press production expanded notably to $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 59% against the previous year. Hydraulic press production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Hydraulic Press Exports

Exports from the Dominican Republic

In 2022, overseas shipments of hydraulic presses for working metal increased by 52% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 433% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, hydraulic press exports soared to $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 918% 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) was the main destination for hydraulic press exports from the Dominican Republic, accounting for a 78% share of total exports. Moreover, hydraulic press exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +60.4%.

In value terms, the United States ($X) remains the key foreign market for hydraulic presses for working metal exports from the Dominican Republic, comprising 86% of total exports. The second position in the ranking was taken by Haiti ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +89.7%.

Export Prices by Country

The average hydraulic press export price stood at $X per unit in 2022, falling by -20.7% against the previous year. Overall, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of 326%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign 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 Haiti stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.3%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Press Imports

Imports into the Dominican Republic

In 2022, the amount of hydraulic presses for working metal imported into the Dominican Republic amounted to X units, therefore, remained relatively stable against the previous year's figure. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 515% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydraulic press imports surged to $X in 2022. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 440% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic press to the Dominican Republic, with a 76% share of total imports. Moreover, hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), eightfold. The third position in this ranking was taken by Mexico (X units), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +58.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.9% per year) and Mexico (-16.1% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic presses for working metal to the Dominican Republic, comprising 59% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by Germany, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +58.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.0% per year) and Germany (+26.0% per year).

Import Prices by Country

The average hydraulic press import price stood at $X per unit in 2022, growing by 22% against the previous year. In general, the import price showed a mild increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 100% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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