Dominican Republic: Motorcycle And Bicycle Market 2025

Motorcycle And Bicycle Market Size in the Dominican Republic

The Dominican motorcycle and bicycle market skyrocketed to $X in 2021, with an increase of 65% 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 posted a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Motorcycle And Bicycle Exports

Exports from the Dominican Republic

In 2021, the amount of motorcycles and bicycles exported from the Dominican Republic shrank dramatically to X units, waning by -67.3% against the year before. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 209%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, motorcycle and bicycle exports contracted sharply to $X in 2021. Over the period under review, exports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2017 when exports increased by 228%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X units), Cuba (X units) and the United States (X units) were the main destinations of motorcycle and bicycle exports from the Dominican Republic.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of +61.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motorcycle and bicycle exported from the Dominican Republic were Cuba ($X), France ($X) and Haiti ($X).

France, with a CAGR of +93.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average motorcycle and bicycle export price amounted to $X per unit, waning by -49.7% against the previous year. In general, the export price, however, continues to indicate a noticeable increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 73%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average 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 Spain ($X per unit), while the average price for exports to Haiti ($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 France (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into the Dominican Republic

In 2021, approx. X units of motorcycles and bicycles were imported into the Dominican Republic; with an increase of 41% compared with the previous year's figure. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 76%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, motorcycle and bicycle imports skyrocketed to $X in 2021. Over the period under review, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest motorcycle and bicycle supplier to the Dominican Republic, with a 78% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), eightfold. India (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.6% per year) and India (+39.4% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles and bicycles to the Dominican Republic, comprising 60% of total imports. The second position in the ranking was taken by India ($X), with a 12% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+34.4% per year) and Japan (+7.0% per year).

Import Prices by Country

In 2021, the average motorcycle and bicycle import price amounted to $X per unit, growing by 24% against the previous year. Overall, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 35% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 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 India ($X per unit), while the price for Germany ($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 (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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