Dominican Republic: Railway Maintenance Vehicle Market 2025

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) :