Dominican Republic: Ride-On Compaction Equipment Market 2025

Ride-On Compaction Equipment Market Size in the Dominican Republic

In 2022, the Dominican ride-on compaction equipment market increased by 37% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Ride-On Compaction Equipment Exports

Exports from the Dominican Republic

In 2022, ride-on compaction equipment exports from the Dominican Republic amounted to X units, remaining constant against the previous year. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment exports declined to $X in 2022. Over the period under review, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2017 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X units), Panama (X units) and Costa Rica (X units) were the main destinations of ride-on compaction equipment exports from the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Costa Rica ($X) remains the key foreign market for ride-on compaction equipment exports from the Dominican Republic, comprising 91% of total exports. The second position in the ranking was taken by Panama ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica stood at -17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-33.1% per year) and Haiti (-43.2% per year).

Export Prices by Country

The average ride-on compaction equipment export price stood at $X per unit in 2022, falling by -7.3% against the previous year. Overall, the export price faced a deep reduction. The growth pace was the most rapid in 2021 an increase of 134% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to Haiti ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-10.3%), while the prices for the other major destinations experienced a decline.

Ride-On Compaction Equipment Imports

Imports into the Dominican Republic

In 2022, purchases abroad of ride-on compaction equipment increased by 25% to X units, rising for the second year in a row after two years of decline. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), South Korea (X units) and the United States (X units) were the main suppliers of ride-on compaction equipment imports to the Dominican Republic, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +57.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ride-on compaction equipment suppliers to the Dominican Republic were South Korea ($X), China ($X) and the United States ($X), with a combined 91% share of total imports.

China, with a CAGR of +50.9%, recorded the highest rates of growth with regard to 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 2022, the average ride-on compaction equipment import price amounted to $X per unit, picking up by 13% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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