Dominican Republic: Transport Container Market 2024

Transport Container Market Size in the Dominican Republic

In 2022, the Dominican transport container market increased by 6.5% to $X, rising for the fourth year in a row after two years of decline. In general, consumption recorded a buoyant increase. Transport container consumption peaked in 2022 and is expected to retain growth in the immediate term.

Transport Container Production in the Dominican Republic

In value terms, transport container production expanded slightly to $X in 2022 estimated in export price. Overall, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 71%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Transport Container Exports

Exports from the Dominican Republic

Transport container exports from the Dominican Republic reduced rapidly to X units in 2022, which is down by -76.9% against 2021 figures. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 8,200%. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, transport container exports dropped rapidly to $X in 2022. Overall, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 8,897% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for transport container exports from the Dominican Republic, accounting for a approx. 93% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +32.6%.

In value terms, the largest markets for transport container exported from the Dominican Republic were Panama ($X), the United States ($X) and Haiti ($X), with a combined 77% share of total exports.

The United States, with a CAGR of +205.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average transport container export price amounted to $X per unit, increasing by 130% against the previous year. Over the period under review, the export price showed a significant expansion. The growth pace was the most rapid in 2021 an increase of 46,229% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Colombia ($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 Haiti (+1,326.1%), while the prices for the other major destinations experienced more modest paces of growth.

Transport Container Imports

Imports into the Dominican Republic

In 2022, overseas purchases of transport containers increased by 356% to X units, rising for the second consecutive year after two years of decline. In general, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, transport container imports skyrocketed to $X in 2022. Overall, imports recorded a measured increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Guyana (X units) constituted the largest transport container supplier to the Dominican Republic, with a 75% share of total imports. Moreover, transport container imports from Guyana exceeded the figures recorded by the second-largest supplier, Mexico (X units), fivefold. South Africa (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Guyana stood at +42.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+27.3% per year) and South Africa (0.0% per year).

In value terms, South Africa ($X) constituted the largest supplier of transport containers to the Dominican Republic, comprising 37% of total imports. The second position in the ranking was held by Mexico ($X), with a 16% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa totaled +72.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+55.5% per year) and the United States (-5.7% per year).

Import Prices by Country

The average transport container import price stood at $X per unit in 2022, with a decrease of -66.1% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2019 when the average import price increased by 122%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, 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 South Africa ($X per unit), while the price for Guyana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+41.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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