Dominican Republic: Pump For Liquid Market 2024

Pump For Liquid Market Size in the Dominican Republic

The Dominican pump for liquid market expanded sharply to $X in 2021, picking up by 8.8% 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, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.6% against 2019 indices. Pump for liquid consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Pump For Liquid Exports

Exports from the Dominican Republic

In 2021, exports of pumps for liquids and liquid elevators from the Dominican Republic reached X units, with an increase of 13% on 2020 figures. Over the period under review, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2017 when exports increased by 188%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, pump for liquid exports declined to $X in 2021. Overall, exports saw modest growth. The most prominent rate of growth was recorded in 2017 with an increase of 247% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for pump for liquid exports from the Dominican Republic, accounting for a 68% share of total exports. Moreover, pump for liquid exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), threefold. The third position in this ranking was taken by Colombia (X units), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-12.1% per year) and Colombia (-6.9% per year).

In value terms, Haiti ($X), the United States ($X) and Colombia ($X) were the largest markets for pump for liquid exported from the Dominican Republic worldwide, with a combined 55% share of total exports.

In terms of the main countries of destination, Haiti, with a CAGR of +6.1%, 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 a decline.

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, with a decrease of -20.2% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 212%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to China ($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 Haiti (+20.7%), while the prices for the other major destinations experienced mixed trend patterns.

Pump For Liquid Imports

Imports into the Dominican Republic

In 2021, after two years of decline, there was significant growth in supplies from abroad of pumps for liquids and liquid elevators, when their volume increased by 5.9% to X units. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 91%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, pump for liquid imports rose sharply to $X in 2021. Over the period under review, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 73% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest pump for liquid supplier to the Dominican Republic, with a 50% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Mexico (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.1% per year) and Mexico (+0.1% per year).

In value terms, the largest pump for liquid suppliers to the Dominican Republic were the United States ($X), China ($X) and Mexico ($X), with a combined 70% share of total imports.

In terms of the main suppliers, China, with a CAGR of +17.4%, 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 2021, the average pump for liquid import price amounted to $X per unit, with an increase of 3.7% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pump for liquid import price decreased by -2.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+38.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform