Dominican Republic: Market for Parts Of Harvester And Threshers 2025

Market Size for Parts Of Harvester And Threshers in the Dominican Republic

The Dominican market for parts of harvester and threshers expanded sharply to $X in 2021, increasing by 5.4% 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Parts Of Harvester And Threshers

Exports from the Dominican Republic

In 2021, the amount of parts of harvester and threshers exported from the Dominican Republic shrank significantly to X units, which is down by -48.4% compared with 2020. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 2,251%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, parts of harvester and threshers exports contracted markedly to $X in 2021. Over the period under review, exports showed a sharp downturn. The pace of growth was the most pronounced in 2014 when exports increased by 3,711% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X units), Panama (X units) and Saint Lucia (X units) were the main destinations of parts of harvester and threshers exports from the Dominican Republic, together comprising 80% of total exports.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +56.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) remains the key foreign market for parts of harvester and threshers exports from the Dominican Republic, comprising 60% of total exports. The second position in the ranking was taken by Australia ($X), with a 19% share of total exports. It was followed by Haiti, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Panama stood at +34.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and Haiti (-26.6% per year).

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, declining by -59.4% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by 233% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Saint Lucia ($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 (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Parts Of Harvester And Threshers

Imports into the Dominican Republic

In 2021, purchases abroad of parts of harvester and threshers increased by 15% to X units, rising for the fifth consecutive year after three years of decline. In general, imports showed mild growth. The most prominent rate of growth was recorded in 2020 with an increase of 51%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, parts of harvester and threshers imports expanded slightly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 40%. Over the period under review, imports reached the peak figure at $X in 2013; afterwards, it flattened through to 2021.

Imports by Country

The United States (X units), China (X units) and Vietnam (X units) were the main suppliers of parts of harvester and threshers imports to the Dominican Republic, with a combined 61% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +33.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers suppliers to the Dominican Republic were the United States ($X), China ($X) and Italy ($X), with a combined 58% share of total imports.

In terms of the main suppliers, China, with a CAGR of +27.8%, 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 import price for parts of harvester and threshers stood at $X per unit in 2021, with a decrease of -11.5% against the previous year. Overall, the import price recorded a slight reduction. The pace of growth was the most pronounced in 2014 an increase of 37% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 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 Italy ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform