Report Update Nov 1, 2024

Dominican Republic - Milling Industry Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in the Dominican Republic

In 2022, the Dominican milling industry machinery market increased by X% to $X, rising for the seventh consecutive year after two years of decline. Over the period under review, consumption showed a buoyant expansion. Milling industry machinery consumption peaked in 2022 and is expected to retain growth in the near future.

Milling Industry Machinery Exports

Exports from the Dominican Republic

After three years of decline, shipments abroad of milling industry machinery decreased by X% to X units in 2022. Over the period under review, exports showed a dramatic decline. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, milling industry machinery exports declined sharply to $X in 2022. In general, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X units) was the main destination for milling industry machinery exports from the Dominican Republic, with a approx. X% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Haiti stood at X%.

In value terms, Haiti ($X) emerged as the key foreign market for milling industry machinery exports from the Dominican Republic.

From 2013 to 2022, the average annual growth rate of value to Haiti totaled X%.

Export Prices by Country

The average milling industry machinery export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 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 Haiti.

From 2013 to 2022, the rate of growth in terms of prices for Haiti amounted to X% per year.

Milling Industry Machinery Imports

Imports into the Dominican Republic

In 2022, approx. X units of milling industry machinery were imported into the Dominican Republic; with an increase of X% against 2021 figures. In general, imports recorded a strong expansion. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, milling industry machinery imports rose remarkably to $X in 2022. Overall, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of milling industry machinery to the Dominican Republic, with a X% share of total imports. Moreover, milling industry machinery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Canada (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Canada (X% per year).

In value terms, China ($X), Italy ($X) and Canada ($X) were the largest milling industry machinery suppliers to the Dominican Republic, together comprising X% of total imports.

Among the main suppliers, Italy, with a CAGR of X%, 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 milling industry machinery import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 Turkey ($X per unit), while the price for Japan ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for milling industry machinery in the world?

The countries with the highest volumes of milling industry machinery consumption in 2020 were China, the United States and India, with a combined 30% share of global consumption. Indonesia, Turkey, Japan, Russia, Romania, Brazil, Libya, Sudan, the UK and Guatemala lagged somewhat behind, together comprising a further 30%.

What are the largest producers of milling industry machinery in the world?

Turkey constituted the country with the largest volume of milling industry machinery production, accounting for 41% of total volume. Moreover, milling industry machinery production in Turkey exceeded the figures recorded by the second-largest producer, China, twofold. The United States ranked third in terms of total production with an 8.1% share.

What are the leading suppliers of milling industry machinery to the Dominican Republic?

In value terms, China, the United States and Turkey constituted the largest milling industry machinery suppliers to the Dominican Republic, together comprising 62% of total imports. These countries were followed by Colombia, Germany, Canada and Brazil, which together accounted for a further 23%.

What are the leading importers of milling industry machinery from the Dominican Republic?

In value terms, the largest markets for milling industry machinery exported from the Dominican Republic were Costa Rica $304) and Haiti $155).

What is the average export price for milling industry machinery in the Dominican Republic?

The average milling industry machinery export price stood at $431 per unit in 2020, dropping by -32% against the previous year.

What is the average import price for milling industry machinery in the Dominican Republic?

In 2020, the average milling industry machinery import price amounted to $87 per unit, falling by -14.4% against the previous year.

This report provides an in-depth analysis of the milling industry machinery 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 28931300 - Machinery used in the milling industry or for the working of cereals or dried leguminous vegetables (excluding farm-type machinery)

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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