Dominican Republic: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2025

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in the Dominican Republic

The Dominican self-propelled non-electric fork-lift truck market surged to $X in 2022, growing by 26% against the previous year. Overall, consumption saw a resilient expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in the Dominican Republic

In value terms, self-propelled non-electric fork-lift truck production soared to $X in 2022 estimated in export price. Overall, production saw a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 204%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from the Dominican Republic

In 2022, approx. X units of self-propelled fork-lift trucks with non-electric motor were exported from the Dominican Republic; therefore, remained relatively stable against the year before. Over the period under review, exports saw a tangible expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 1,467%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, self-propelled non-electric fork-lift truck exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 5,531% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for self-propelled non-electric fork-lift truck exports from the Dominican Republic, with a 60% share of total exports. Moreover, self-propelled non-electric fork-lift truck exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Haiti (0.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for self-propelled fork-lift trucks with non-electric motor exports from the Dominican Republic, comprising 90% of total exports. The second position in the ranking was held by the United States ($X), with a 6.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +105.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+50.3% per year) and Haiti (+2.3% per year).

Export Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck export price amounted to $X per unit, jumping by 152% against the previous year. In general, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of 1,103%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

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 the Netherlands ($X per unit), while the average price for exports to Haiti ($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 the Netherlands (+84.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into the Dominican Republic

In 2022, purchases abroad of self-propelled fork-lift trucks with non-electric motor increased by 52% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2015 when imports increased by 112%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, self-propelled non-electric fork-lift truck imports skyrocketed to $X in 2022. In general, imports posted significant growth. The growth pace was the most rapid in 2015 when imports increased by 218%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), the United States (X units) and Japan (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to the Dominican Republic, with a combined 69% share of total imports. Brazil, Germany, Ireland and Panama lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +73.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of self-propelled fork-lift trucks with non-electric motor to the Dominican Republic, comprising 37% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +62.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+138.4% per year) and Japan (+43.9% per year).

Import Prices by Country

The average self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, picking up by 47% against the previous year. In general, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 88%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Panama ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+750.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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