Dominican Republic: Market for Pneumatic Or Hydraulic Hand Tools 2025

Market Size for Pneumatic Or Hydraulic Hand Tools in the Dominican Republic

For the third consecutive year, the Dominican market for pneumatic or hydraulic hand tools recorded growth in sales value, which increased by 7.4% to $X in 2021. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.8% 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 +34.1% against 2018 indices. Pneumatic or hydraulic hand tool consumption peaked in 2021 and is likely to see steady growth in years to come.

Production of Pneumatic Or Hydraulic Hand Tools in the Dominican Republic

In value terms, pneumatic or hydraulic hand tool production shrank modestly to $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +33.2% against 2018 indices. The growth pace was the most rapid in 2014 when the production volume increased by 80% against the previous year. Pneumatic or hydraulic hand tool production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from the Dominican Republic

In 2021, overseas shipments of pneumatic or hydraulic hand tools decreased by -88.7% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by 88%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool exports shrank notably to $X in 2021. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2017 with an increase of 78% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for pneumatic or hydraulic hand tool exports from the Dominican Republic, accounting for a 78% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Mexico exceeded the volume sent to the second major destination, the United States (X kg), sevenfold. The third position in this ranking was held by Haiti (X kg), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-21.5% per year) and Haiti (-12.2% per year).

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from the Dominican Republic were the United States ($X), Mexico ($X) and Haiti ($X), with a combined 93% share of total exports. Guatemala, Panama and Venezuela lagged somewhat behind, together accounting for a further 3.5%.

Guatemala, with a CAGR of -3.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, with an increase of 113% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into the Dominican Republic

Pneumatic or hydraulic hand tool imports into the Dominican Republic soared to X tons in 2021, rising by 68% compared with the year before. In general, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to the Dominican Republic, together comprising 83% of total imports. Japan lagged somewhat behind, comprising a further 4.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +30.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic or hydraulic hand tool suppliers to the Dominican Republic were China ($X), the United States ($X) and Mexico ($X), with a combined 72% share of total imports.

China, with a CAGR of +13.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, approximately mirroring the previous year. In general, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 4.3% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-9.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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