Dominican Republic: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in the Dominican Republic

In 2021, after four years of growth, there was significant decline in the Dominican numerically controlled drilling machine market, when its value decreased by -9% to $X. Over the period under review, consumption, however, saw a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced in the following year.

Production of Numerically Controlled Drilling Machines For Working Metal in the Dominican Republic

In value terms, numerically controlled drilling machine production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 67%. Numerically controlled drilling machine production peaked at $X in 2020, and then fell in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from the Dominican Republic

In 2021, overseas shipments of numerically controlled drilling machines for working metal decreased by -19.2% to X kg, falling for the fifth year in a row after two years of growth. Over the period under review, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 56% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports contracted markedly to $X in 2021. In general, exports saw a significant curtailment. The smallest decline of -20% was in 2020. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Haiti (X kg) was the main destination for numerically controlled drilling machine exports from the Dominican Republic, accounting for a 95% share of total exports. Moreover, numerically controlled drilling machine exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti totaled -28.3%.

In value terms, Haiti ($X) remains the key foreign market for numerically controlled drilling machines for working metal exports from the Dominican Republic, comprising 100% of total exports. The second position in the ranking was taken by the United States ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Haiti amounted to -37.0%.

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 102%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-12.3%).

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into the Dominican Republic

In 2021, supplies from abroad of numerically controlled drilling machines for working metal decreased by -74% to X kg, falling for the third consecutive year after two years of growth. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 119%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports contracted rapidly to $X in 2021. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 442%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X kg) constituted the largest supplier of numerically controlled drilling machine to the Dominican Republic, accounting for a 59% share of total imports. Moreover, numerically controlled drilling machine imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (0.0% per year) and China (+1.8% per year).

In value terms, the largest numerically controlled drilling machine suppliers to the Dominican Republic were the United States ($X), the UK ($X) and China ($X).

China, with a CAGR of +3.6%, saw the highest growth rate of 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

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, which is down by -21.9% against the previous year. In general, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 164%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.7%).

Source: IndexBox Platform

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