Dominican Republic: Market for Machinery For Moulding Or Retreading Pneumatic Tyres 2024

Market Size for Machinery For Moulding Or Retreading Pneumatic Tyres in the Dominican Republic

The Dominican pneumatic tyre retreading machinery market contracted to $X in 2022, falling by -2.5% against the previous year. In general, consumption, however, continues to indicate noticeable growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Machinery For Moulding Or Retreading Pneumatic Tyres in the Dominican Republic

In value terms, pneumatic tyre retreading machinery production fell slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 4.4%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Machinery For Moulding Or Retreading Pneumatic Tyres

Exports from the Dominican Republic

Pneumatic tyre retreading machinery exports from the Dominican Republic skyrocketed to X units in 2022, picking up by 50% on the year before. Over the period under review, exports enjoyed a strong expansion. The growth pace was the most rapid in 2019 with an increase of 500% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, pneumatic tyre retreading machinery exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 3,700% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X units) was the main destination for pneumatic tyre retreading machinery exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia was relatively modest.

In value terms, Colombia ($X) emerged as the key foreign market for machinery for moulding or retreading pneumatic tyres exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia was relatively modest.

Export Prices by Country

The average pneumatic tyre retreading machinery export price stood at $X per unit in 2022, increasing by 32% against the previous year. Over the period under review, the export price, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 3,700%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.8% per year.

Imports of Machinery For Moulding Or Retreading Pneumatic Tyres

Imports into the Dominican Republic

In 2022, purchases abroad of machinery for moulding or retreading pneumatic tyres decreased by -8.3% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 103% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pneumatic tyre retreading machinery imports surged to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 188% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Japan (X units) were the main suppliers of pneumatic tyre retreading machinery imports to the Dominican Republic, with a combined 88% share of total imports. Turkey, South Korea and El Salvador lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +41.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of machinery for moulding or retreading pneumatic tyres to the Dominican Republic, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 25% share of total imports. It was followed by Turkey, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.6% per year) and Turkey (+61.6% per year).

Import Prices by Country

In 2022, the average pneumatic tyre retreading machinery import price amounted to $X per unit, picking up by 38% against the previous year. Overall, the import price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2013 an increase of 92% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 Turkey ($X per unit), while the price for El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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