Dominican Republic: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in the Dominican Republic

The Dominican self-propelled bulldozer market contracted slightly to $X in 2021, which is down by -4.1% 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, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +78.6% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Bulldozer Exports

Exports from the Dominican Republic

Self-propelled bulldozer exports from the Dominican Republic shrank rapidly to X units in 2021, waning by -91.7% against the previous year. Overall, exports, however, saw a moderate expansion. The pace of growth appeared the most rapid in 2020 with an increase of 300% against the previous year. As a result, the exports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, self-propelled bulldozer exports contracted remarkably to $X in 2021. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 318% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Jamaica (X units) and Panama (X units) were the main destinations of self-propelled bulldozer exports from the Dominican Republic.

From 2012 to 2021, the biggest increases were recorded for Jamaica (with a CAGR of 0.0%).

In value terms, Jamaica ($X) emerged as the key foreign market for self-propelled bulldozers and excavators exports from the Dominican Republic, comprising 36% of total exports. The second position in the ranking was taken by Panama ($X), with a 13% share of total exports. It was followed by Haiti, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Jamaica stood at +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+27.7% per year) and Haiti (-1.0% per year).

Export Prices by Country

The average self-propelled bulldozer export price stood at $X per unit in 2021, picking up by 3% against the previous year. Overall, the export price posted a strong increase. The pace of growth was the most pronounced in 2014 an increase of 118%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Jamaica ($X per unit), while the average price for exports to Panama ($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 Panama (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Bulldozer Imports

Imports into the Dominican Republic

In 2021, imports of self-propelled bulldozers and excavators into the Dominican Republic shrank markedly to X units, reducing by -36.8% on 2020. Over the period under review, imports, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 140% against the previous year. As a result, imports reached the peak of X units, and then shrank dramatically in the following year.

In value terms, self-propelled bulldozer imports soared to $X in 2021. Overall, imports, however, posted a slight expansion. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest self-propelled bulldozer supplier to the Dominican Republic, accounting for a 30% share of total imports. Moreover, self-propelled bulldozer imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. South Korea (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.3% per year) and South Korea (+6.1% per year).

In value terms, the United States ($X) constituted the largest supplier of self-propelled bulldozers and excavators to the Dominican Republic, comprising 42% of total imports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total imports. It was followed by Brazil, with a 19% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+10.8% per year) and Brazil (+13.8% per year).

Import Prices by Country

The average self-propelled bulldozer import price stood at $X per unit in 2021, growing by 177% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :