Dominican Republic: Jacks And Hoists Market 2025

Jacks And Hoists Market Size in the Dominican Republic

The Dominican jacks and hoists market expanded rapidly to $X in 2022, picking up by 5.8% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.2% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Jacks And Hoists Production in the Dominican Republic

In value terms, jacks and hoists production contracted modestly to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 76%. Jacks and hoists production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Jacks And Hoists Exports

Exports from the Dominican Republic

In 2022, overseas shipments of jacks and hoists for raising vehicles were finally on the rise to reach X units after four years of decline. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,950% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, jacks and hoists exports surged to $X in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 4,779% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for jacks and hoists exports from the Dominican Republic, accounting for a 32% share of total exports. Moreover, jacks and hoists exports to Germany exceeded the volume sent to the second major destination, the United States (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +79.7%.

In value terms, Germany ($X) remains the key foreign market for jacks and hoists for raising vehicles exports from the Dominican Republic, comprising 72% of total exports. The second position in the ranking was held by the United States ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +7.4%.

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, increasing by 50% against the previous year. Overall, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 1,098% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export 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 Germany totaled $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 (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Jacks And Hoists Imports

Imports into the Dominican Republic

In 2022, jacks and hoists imports into the Dominican Republic surged to X units, growing by 360% on the previous year's figure. Over the period under review, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, jacks and hoists imports surged to $X in 2022. Overall, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and Spain (X units) were the main suppliers of jacks and hoists 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 China (with a CAGR of +19.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest jacks and hoists suppliers to the Dominican Republic were the United States ($X), China ($X) and Spain ($X), together accounting for 92% of total imports.

In terms of the main suppliers, China, with a CAGR of +33.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average jacks and hoists import price amounted to $X per unit, falling by -34.4% against the previous year. In general, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in 2020 an increase of 34%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat 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 Spain ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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