Report Update Nov 1, 2024

Dominican Republic - Railway or Tramway Maintenance or Service Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Railway Maintenance Vehicle Market 2024

Railway Maintenance Vehicle Market Size in the Dominican Republic

The Dominican railway maintenance vehicle market shrank remarkably to $X in 2021, waning by -40.7% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Railway Maintenance Vehicle Production in the Dominican Republic

In value terms, railway maintenance vehicle production reached $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -28.4% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of 54% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Railway Maintenance Vehicle Exports

Exports from the Dominican Republic

In 2021, railway maintenance vehicle exports from the Dominican Republic amounted to X units, therefore, remained relatively stable against the year before. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, railway maintenance vehicle exports stood at $X in 2021. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Egypt (X units) was the main destination for railway maintenance vehicle exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Egypt was relatively modest.

Railway Maintenance Vehicle Imports

Imports into the Dominican Republic

Railway maintenance vehicle imports into the Dominican Republic surged to X units in 2020, increasing by 500% on the year before. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 2,300% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2020, imports failed to regain momentum.

In value terms, railway maintenance vehicle imports surged to $X in 2020. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2014 when imports increased by 3,706%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2020, imports failed to regain momentum.

Imports by Country

From 2012 to 2021, the average annual growth rate of volume from No country was relatively modest.

In value terms, Spain ($X) constituted the largest supplier of railway or tramway maintenance or service vehicles to the Dominican Republic, comprising 94% of total imports. The second position in the ranking was held by France ($X), with a 4.7% share of total imports. It was followed by Belgium, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to -25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-36.3% per year) and Belgium (-36.5% per year).

Import Prices by Country

The average railway maintenance vehicle import price stood at $X per unit in 2021, growing by 3.7% against the previous year. Overall, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, railway maintenance vehicle import price increased by +55.5% against 2016 indices. The growth pace was the most rapid in 2014 an increase of 50%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway maintenance or service vehicles in the world?

The countries with the highest volumes of railway maintenance vehicle consumption in 2021 were Malaysia, the United States and Canada, together accounting for 38% of global consumption. These countries were followed by Switzerland, the Philippines, Japan, Belgium, Thailand, the United Arab Emirates, Qatar, Mozambique, the UK and Kazakhstan, which together accounted for a further 35%.

What are the largest producers of railway or tramway maintenance or service vehicles in the world?

The country with the largest volume of railway maintenance vehicle production was the United States, accounting for 38% of total volume. Moreover, railway maintenance vehicle production in the United States exceeded the figures recorded by the second-largest producer, Spain, twofold. The third position in this ranking was occupied by Austria, with a 15% share.

What are the leading suppliers of railway or tramway maintenance or service vehicles to the Dominican Republic?

In value terms, France constituted the largest supplier of railway maintenance vehicle to the Dominican Republic, comprising 49% of total imports. The second position in the ranking was occupied by the United States, with a 4.2% share of total imports.

What is the average import price for railway or tramway maintenance or service vehicles in the Dominican Republic?

The average railway maintenance vehicle import price stood at $16,469 per unit in 2021, with a decrease of -1.6% against the previous year.

This report provides an in-depth analysis of the railway maintenance vehicle market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30203100 - Railway or tramway maintenance or service vehicles (including workshops, cranes, ballast tampers, track-liners, t esting coaches and track inspection vehicles)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023