Dominican Republic: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in the Dominican Republic

The Dominican fruit-preparation industrial machinery market shrank to $X in 2021, falling by -14.2% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +10.5% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2020, and then dropped in the following year.

Fruit-Preparation Industrial Machinery Production in the Dominican Republic

In value terms, fruit-preparation industrial machinery production dropped to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +20.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 41%. As a result, production reached the peak level of $X, and then dropped in the following year.

Fruit-Preparation Industrial Machinery Exports

Exports from the Dominican Republic

In 2021, overseas shipments of industrial machinery for the preparation of fruits, nuts or vegetables decreased by -53.8% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 575%. The exports peaked at X units in 2020, and then dropped markedly in the following year.

In value terms, fruit-preparation industrial machinery exports shrank dramatically to $X in 2021. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 301% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X units) and Haiti (X units) were the main destinations of fruit-preparation industrial machinery exports from the Dominican Republic.

From 2012 to 2021, the biggest increases were recorded for Costa Rica (with a CAGR of +50.5%).

In value terms, Costa Rica ($X) and Haiti ($X) were the largest markets for fruit-preparation industrial machinery exported from the Dominican Republic worldwide.

Costa Rica, with a CAGR of +27.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average fruit-preparation industrial machinery export price stood at $X per unit in 2021, surging by 68% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 552% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Costa Rica totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (-17.7%).

Fruit-Preparation Industrial Machinery Imports

Imports into the Dominican Republic

In 2021, purchases abroad of industrial machinery for the preparation of fruits, nuts or vegetables decreased by -35.6% to X units, falling for the third year in a row after three years of growth. Over the period under review, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 305%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, fruit-preparation industrial machinery imports fell dramatically to $X in 2021. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 302% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest supplier of fruit-preparation industrial machinery to the Dominican Republic, accounting for a 67% share of total imports. Moreover, fruit-preparation industrial machinery imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Costa Rica (X units), sixfold. The third position in this ranking was held by China (X units), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +58.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+9.2% per year) and China (+26.0% per year).

In value terms, the largest fruit-preparation industrial machinery suppliers to the Dominican Republic were the Netherlands ($X), Costa Rica ($X) and China ($X), together comprising 77% of total imports.

The Netherlands, with a CAGR of +57.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fruit-preparation industrial machinery import price stood at $X per unit in 2021, falling by -19.5% against the previous year. Overall, the import price faced a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 48%. The import price peaked at $X per unit in 2013; however, from 2014 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 Costa Rica ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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