Dominican Republic: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in the Dominican Republic

The Dominican full-rotation excavator market surged to $X in 2021, jumping by 49% 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). Overall, consumption showed a significant expansion. Full-rotation excavator consumption peaked in 2021 and is expected to retain growth in years to come.

Full-Rotation Excavator Exports

Exports from the Dominican Republic

In 2021, shipments abroad of self-propelled full-rotation excavators and bulldozers decreased by 0% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by 300%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, full-rotation excavator exports shrank notably to $X in 2021. Over the period under review, exports faced a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 642%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X units) was the main destination for full-rotation excavator 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 Guatemala was relatively modest.

In value terms, Haiti ($X) and Guatemala ($X) appeared to be the largest markets for full-rotation excavator exported from the Dominican Republic worldwide.

Guatemala, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average full-rotation excavator export price stood at $X per unit in 2021, which is down by -35.4% against the previous year. In general, the export price recorded a mild downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by 309% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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 Guatemala stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+36.6%), while the prices for the other major destinations experienced mixed trend patterns.

Full-Rotation Excavator Imports

Imports into the Dominican Republic

In 2021, imports of self-propelled full-rotation excavators and bulldozers into the Dominican Republic surged to X units, growing by 42% on 2020. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 409% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, full-rotation excavator imports surged to $X in 2021. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 283% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

The United States (X units), Japan (X units) and China (X units) were the main suppliers of full-rotation excavator imports to the Dominican Republic, with a combined 78% share of total imports. These countries were followed by Switzerland, Brazil, the Netherlands, South Korea and the Czech Republic, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +100.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest full-rotation excavator suppliers to the Dominican Republic were Japan ($X), the United States ($X) and China ($X), with a combined 63% share of total imports. These countries were followed by Brazil, Switzerland, South Korea, the Netherlands and the Czech Republic, which together accounted for a further 25%.

Among the main suppliers, the Netherlands, with a CAGR of +51.2%, recorded the highest rates of growth with regard to 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 full-rotation excavator import price amounted to $X per unit, rising by 11% against the previous year. In general, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 108% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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