Report Update Nov 1, 2024

Dominican Republic - Lifting Equipment Designed for Mounting on Road Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in the Dominican Republic

In 2021, after nine years of growth, there was significant decline in the Dominican mounting lifting equipment market, when its value decreased by -6.5% to $X. In general, consumption, however, continues to indicate a prominent increase. Mounting lifting equipment consumption peaked at $X in 2020, and then reduced in the following year.

Mounting Lifting Equipment Production in the Dominican Republic

In value terms, mounting lifting equipment production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Mounting Lifting Equipment Exports

Exports from the Dominican Republic

In 2019, shipments abroad of lifting equipment designed for mounting on road vehicles decreased by -20% to X units for the first time since 2014, thus ending a four-year rising trend. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 150%. The exports peaked at X units in 2013; however, from 2014 to 2019, the exports stood at a somewhat lower figure.

In value terms, mounting lifting equipment exports fell remarkably to $X in 2019. Overall, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 198%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

Haiti (X units) was the main destination for mounting lifting equipment exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2013 to 2019, the average annual rate of growth in terms of volume to Haiti was relatively modest.

In value terms, Haiti ($X) emerged as the key foreign market for lifting equipment designed for mounting on road vehicles exports from the Dominican Republic.

From 2013 to 2019, the average annual growth rate of value to Haiti was relatively modest.

Export Prices by Country

The average mounting lifting equipment export price stood at $X per unit in 2019, dropping by -15.8% against the previous year. In general, the export price, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2013 to 2019, the rate of growth in terms of prices for Austria amounted to +44.1% per year.

Mounting Lifting Equipment Imports

Imports into the Dominican Republic

In 2021, overseas purchases of lifting equipment designed for mounting on road vehicles decreased by -48% to X units, falling for the second consecutive year after three years of growth. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 396%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, mounting lifting equipment imports shrank to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 253% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X units) constituted the largest mounting lifting equipment supplier to the Dominican Republic, with a 33% share of total imports. Moreover, mounting lifting equipment imports from South Korea exceeded the figures recorded by the second-largest supplier, Mexico (X units), threefold. China (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea amounted to -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-3.7% per year) and China (+10.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of lifting equipment designed for mounting on road vehicles to the Dominican Republic, comprising 49% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.4% per year) and South Korea (-7.7% per year).

Import Prices by Country

In 2021, the average mounting lifting equipment import price amounted to $X per unit, picking up by 74% against the previous year. In general, the import price enjoyed a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+24.7%), 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 lifting equipment designed for mounting on road vehicles in the world?

The countries with the highest volumes of mounting lifting equipment consumption in 2020 were Belgium, China and the United States, together comprising 52% of global consumption.

What are the largest producers of lifting equipment designed for mounting on road vehicles in the world?

The countries with the highest volumes of mounting lifting equipment production in 2020 were Belgium, China and the United States, with a combined 50% share of global production.

What are the leading suppliers of lifting equipment designed for mounting on road vehicles to the Dominican Republic?

In value terms, Brazil constituted the largest supplier of mounting lifting equipment to the Dominican Republic, comprising 77% of total imports. The second position in the ranking was occupied by the United States, with a 9% share of total imports. It was followed by China, with an 8.1% share.

What are the leading importers of lifting equipment designed for mounting on road vehicles from the Dominican Republic?

In value terms, France emerged as the key foreign market for mounting lifting equipment exports from the Dominican Republic, comprising 59% of total exports. The second position in the ranking was occupied by Spain, with a 21% share of total exports.

What is the average export price for lifting equipment designed for mounting on road vehicles in the Dominican Republic?

In 2018, the average mounting lifting equipment export price amounted to $26,708 per unit, increasing by 19% against the previous year.

What is the average import price for lifting equipment designed for mounting on road vehicles in the Dominican Republic?

In 2020, the average mounting lifting equipment import price amounted to $29,191 per unit, growing by 37% against the previous year.

This report provides an in-depth analysis of the mounting lifting equipment 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 28221460 - Lifting equipment designed for mounting on road vehicles

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:

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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