Report Update Nov 1, 2024

Dominican Republic - Industrial Robots for Multiple Uses - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Industrial Robot Market 2024

Industrial Robot Market Size in the Dominican Republic

The Dominican industrial robot market surged to $X in 2021, growing by 54% 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 recorded significant growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Industrial Robot Exports

Exports from the Dominican Republic

In 2021, exports of industrial robots for multiple uses from the Dominican Republic was estimated at X units, approximately mirroring 2020 figures. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 200% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial robot exports declined to $X in 2021. Over the period under review, exports showed a abrupt descent. The pace of growth was the most pronounced in 2016 when exports increased by 334% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

In value terms, the United States ($X) remains the key foreign market for industrial robots for multiple uses exports from the Dominican Republic, comprising 90% of total exports. The second position in the ranking was taken by Spain ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -9.1%.

Export Prices by Country

The average industrial robot export price stood at $X per unit in 2021, with a decrease of -11.4% against the previous year. In general, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2018 an increase of 3,454% against the previous year. As a result, the export price reached the peak level of $X per unit. 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 the United States ($X per unit), while the average price for exports to Spain amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-13.3%).

Industrial Robot Imports

Imports into the Dominican Republic

In 2021, the amount of industrial robots for multiple uses imported into the Dominican Republic skyrocketed to X units, picking up by 67% against the previous year. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 260% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial robot imports soared to $X in 2021. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 298%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest industrial robot supplier to the Dominican Republic, accounting for a 38% share of total imports. Moreover, industrial robot imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by the United States (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +45.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.9% per year) and the United States (+29.7% per year).

In value terms, Germany ($X) constituted the largest supplier of industrial robots for multiple uses to the Dominican Republic, comprising 49% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by the Netherlands, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +231.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+37.1% per year) and the Netherlands (+21.6% per year).

Import Prices by Country

In 2021, the average industrial robot import price amounted to $X per unit, shrinking by -11.3% against the previous year. Over the period under review, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 31% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial robots for multiple uses in the world?

The countries with the highest volumes of industrial robot consumption in 2020 were China, United States and Japan, together comprising 47% of global consumption. These countries were followed by France, Hong Kong SAR, Ethiopia, the UK, Italy, South Korea, Canada, India and Spain, which together accounted for a further 20%.

What are the largest producers of industrial robots for multiple uses in the world?

The countries with the highest volumes of industrial robot production in 2020 were China, Japan and Germany, with a combined 63% share of global production.

What are the leading suppliers of industrial robots for multiple uses to the Dominican Republic?

In value terms, the largest industrial robot suppliers to the Dominican Republic were Germany, United States and China.

What are the leading importers of industrial robots for multiple uses from the Dominican Republic?

In value terms, Costa Rica, United States and Spain $98) appeared to be the largest markets for industrial robot exported from the Dominican Republic worldwide.

What is the average export price for industrial robots for multiple uses in the Dominican Republic?

The average industrial robot export price stood at $6,777 per unit in 2019, flattening at the previous year.

What is the average import price for industrial robots for multiple uses in the Dominican Republic?

The average industrial robot import price stood at $25,542 per unit in 2020, growing by 7.1% against the previous year.

This report provides an in-depth analysis of the industrial robot market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28993935 - Industrial robots for multiple uses (excluding robots designed to perform a specific function (e.g. lifting, handling, loading or unloading))

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023