Dominican Republic: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in the Dominican Republic

In 2021, the Dominican lathe for removing metal market increased by 101% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, showed a deep contraction. Lathe for removing metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from the Dominican Republic

After two years of decline, overseas shipments of lathes for removing metal decreased by -20% to X units in 2021. In general, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by 300% against the previous year. Over the period under review, the lafor removing metal exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports shrank markedly to $X in 2021. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2016 with an increase of 6,357%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X units), the United States (X units) and Haiti (X units) were the main destinations of lathe for removing metal exports from the Dominican Republic. Moreover, lathe for removing metal exports in Ecuador exceeded the figures recorded by the second-largest exporter, the United States, twofold.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for lathe for removing metal exported from the Dominican Republic were the United States ($X), Ecuador ($X) and Haiti ($X).

Among the main countries of destination, the United States, with a CAGR of -11.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2021, with a decrease of -29.2% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,543% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Haiti ($X per unit) 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 (-11.3%), while the prices for the other major destinations experienced a decline.

Imports of Lathes For Removing Metal

Imports into the Dominican Republic

In 2021, purchases abroad of lathes for removing metal increased by 86% to X units, rising for the third consecutive year after two years of decline. In general, imports, however, faced a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 774% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, lathe for removing metal imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a deep reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of lathe for removing metal to the Dominican Republic, with a 59% share of total imports. Moreover, lathe for removing metal imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Panama (X units) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+39.5% per year) and Panama (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of lathes for removing metal to the Dominican Republic, comprising 68% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Spain, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+54.9% per year) and Spain (+16.6% per year).

Import Prices by Country

In 2021, the average lathe for removing metal import price amounted to $X per unit, surging by 22% against the previous year. Over the period under review, the import price posted strong growth. The most prominent rate of growth was recorded in 2017 an increase of 517% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, 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 Brazil ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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