Dominican Republic: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in the Dominican Republic

In 2021, after four years of growth, there was significant decline in the Dominican non-hydraulic press market, when its value decreased by -8.1% to $X. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Non-Hydraulic Press Production in the Dominican Republic

In value terms, non-hydraulic press production shrank remarkably to $X in 2021 estimated in export price. Over the period under review, production saw a slight decline. The growth pace was the most rapid in 2018 when the production volume increased by 91% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then contracted dramatically in the following year.

Non-Hydraulic Press Exports

Exports from the Dominican Republic

In 2021, shipments abroad of non-hydraulic presses for working metal was finally on the rise to reach X units after three years of decline. Overall, exports, however, continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 4,250% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, non-hydraulic press exports reached $X in 2021. In general, exports, however, saw a sharp setback. The most prominent rate of growth was recorded in 2014 with an increase of 854% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X units), Haiti (X units) and Spain (X units) were the main destinations of non-hydraulic press exports from the Dominican Republic. Moreover, non-hydraulic press exports in Peru exceeded the figures recorded by the second-largest exporter, Haiti, twofold.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +8.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for non-hydraulic press exported from the Dominican Republic were Peru ($X), Spain ($X) and Italy ($X), with a combined 85% share of total exports. These countries were followed by Haiti and the United States, which together accounted for a further 15%.

In terms of the main countries of destination, Haiti, with a CAGR of +30.9%, recorded the highest rates of growth with regard to 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 non-hydraulic press export price stood at $X per unit in 2021, declining by -59.9% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 238% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Haiti ($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 the United States (-0.0%), while the prices for the other major destinations experienced a decline.

Non-Hydraulic Press Imports

Imports into the Dominican Republic

In 2021, supplies from abroad of non-hydraulic presses for working metal increased by 258% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded perceptible growth. The growth pace was the most rapid in 2017 when imports increased by 554% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, non-hydraulic press imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2017 with an increase of 444% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-hydraulic press to the Dominican Republic, with a 43% share of total imports. Moreover, non-hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold. The United States (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +52.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-6.0% per year) and the United States (-0.5% per year).

In value terms, the largest non-hydraulic press suppliers to the Dominican Republic were China ($X), the United States ($X) and Spain ($X), with a combined 64% share of total imports. Italy, France, India, the UK, Argentina, Taiwan (Chinese), the Netherlands, South Korea and Nicaragua lagged somewhat behind, together accounting for a further 33%.

Argentina, with a CAGR of +64.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-hydraulic press import price stood at $X per unit in 2021, increasing by 5.7% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 100%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Nicaragua ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :