Dominican Republic: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in the Dominican Republic

The Dominican transporter and bridge cranes market skyrocketed to $X in 2021, growing by 15% against the previous year. Over the period under review, consumption showed resilient growth. Transporter and bridge cranes consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in the Dominican Republic

In value terms, transporter and bridge cranes production surged to $X in 2021 estimated in export price. Overall, production, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 67%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports from the Dominican Republic

In 2021, overseas shipments of transporter cranes, gantry cranes and bridge cranes were finally on the rise to reach X units after four years of decline. Over the period under review, exports, however, faced a significant decrease. The growth pace was the most rapid in 2016 when exports increased by 4,006% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, transporter and bridge cranes exports rose to $X in 2021. Overall, exports, however, showed a precipitous setback. The pace of growth appeared the most rapid in 2016 when exports increased by 4,753% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Haiti (X units) was the main destination for transporter and bridge cranes exports from the Dominican Republic, accounting for a 90% share of total exports. Moreover, transporter and bridge cranes exports to Haiti exceeded the volume sent to the second major destination, Venezuela (X units), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti amounted to +4.6%.

In value terms, Haiti ($X) emerged as the key foreign market for transporter cranes, gantry cranes and bridge cranes exports from the Dominican Republic, comprising 75% of total exports. The second position in the ranking was held by Venezuela ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti totaled -8.5%.

Export Prices by Country

In 2021, the average transporter and bridge cranes export price amounted to $X per unit, which is down by -34.3% against the previous year. Overall, the export price, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 76%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat 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 Venezuela ($X per unit), while the average price for exports to Haiti amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+27.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports into the Dominican Republic

For the third year in a row, the Dominican Republic recorded growth in supplies from abroad of transporter cranes, gantry cranes and bridge cranes, which increased by 170% to X units in 2021. In general, imports posted a buoyant increase. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, transporter and bridge cranes imports soared to $X in 2021. Overall, imports continue to indicate a buoyant expansion. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X units) constituted the largest transporter and bridge cranes supplier to the Dominican Republic, accounting for a 70% share of total imports. Moreover, transporter and bridge cranes imports from Brazil exceeded the figures recorded by the second-largest supplier, Mexico (X units), eightfold. The third position in this ranking was held by the United States (X units), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+53.4% per year) and the United States (-9.5% per year).

In value terms, the largest transporter and bridge cranes suppliers to the Dominican Republic were Mexico ($X), the United States ($X) and Brazil ($X), with a combined 62% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +71.8%, recorded the highest growth rate of 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

The average transporter and bridge cranes import price stood at $X per unit in 2021, falling by -8.9% against the previous year. Overall, the import price saw a mild decrease. The most prominent rate of growth was recorded in 2018 an increase of 73% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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