Dominican Republic: Mower Market 2024

Mower Market Size in the Dominican Republic

In 2022, the Dominican mower market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded strong growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Mower Exports

Exports from the Dominican Republic

In 2022, approx. X units of mowers were exported from the Dominican Republic; increasing by X% compared with the year before. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, mower exports soared to $X in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X units) was the main destination for mower exports from the Dominican Republic, with a X% share of total exports. Moreover, mower exports to Ecuador exceeded the volume sent to the second major destination, Colombia (X units), twofold. Sri Lanka (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Sri Lanka (X% per year).

In value terms, the largest markets for mower exported from the Dominican Republic were Ecuador ($X), Sri Lanka ($X) and Colombia ($X), with a combined X% share of total exports.

Among the main countries of destination, Sri Lanka, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average mower export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price showed a measured increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average 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 Sri Lanka ($X per unit), while the average price for exports to Haiti ($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 Sri Lanka (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mower Imports

Imports into the Dominican Republic

In 2022, overseas purchases of mowers were finally on the rise to reach X units after three years of decline. Over the period under review, imports showed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mower imports soared to $X in 2022. In general, imports showed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X units) constituted the largest mower supplier to the Dominican Republic, with a X% share of total imports. Moreover, mower imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X units), fourfold. China (X units) ranked third in terms of total imports with an X% share.

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

In value terms, the largest mower suppliers to the Dominican Republic were the United States ($X), China ($X) and Brazil ($X), together accounting for X% of total imports. Mexico, Japan, Spain and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, saw 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

In 2022, the average mower import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price 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, mower import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 China ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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