Dominican Republic: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in the Dominican Republic

The Dominican tobacco making machinery market fell dramatically to $X in 2022, declining by -19.5% 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, however, posted resilient growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Tobacco Making Machinery Exports

Exports from the Dominican Republic

In 2022, shipments abroad of machinery for the preparation or making up of tobacco increased by 31% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 431% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tobacco making machinery exports skyrocketed to $X in 2022. In general, exports showed a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 521%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for tobacco making machinery exports from the Dominican Republic, accounting for a 72% share of total exports. Moreover, tobacco making machinery exports to the United States exceeded the volume sent to the second major destination, Pakistan (X units), sixfold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (0.0% per year) and the United Arab Emirates (-38.0% per year).

In value terms, the United States ($X) remains the key foreign market for machinery for the preparation or making up of tobacco exports from the Dominican Republic, comprising 92% of total exports. The second position in the ranking was taken by Germany ($X), with a 3.8% share of total exports. It was followed by Pakistan, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+181.1% per year) and Pakistan (0.0% per year).

Export Prices by Country

The average tobacco making machinery export price stood at $X per unit in 2022, rising by 53% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tobacco making machinery export price decreased by -23.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 64% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports into the Dominican Republic

In 2022, tobacco making machinery imports into the Dominican Republic declined remarkably to X units, reducing by -30.2% compared with 2021 figures. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 124% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, tobacco making machinery imports declined to $X in 2022. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 126%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), the United States (X units) and Spain (X units) were the main suppliers of tobacco making machinery imports to the Dominican Republic, with a combined 89% share of total imports. Germany, China and Belgium lagged somewhat behind, together comprising a further 7.3%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +56.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Spain ($X) were the largest tobacco making machinery suppliers to the Dominican Republic, with a combined 95% share of total imports. Germany, Belgium and China lagged somewhat behind, together comprising a further 2.6%.

In terms of the main suppliers, Belgium, with a CAGR of +50.2%, recorded the highest growth rate of 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

The average tobacco making machinery import price stood at $X per unit in 2022, growing by 39% against the previous year. Over the period under review, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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