Dominican Republic: Winche And Capstan Market 2024

Winche And Capstan Market Size in the Dominican Republic

The Dominican winche and capstan market fell to $X in 2021, declining by -11.7% 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, consumption continues to indicate a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Winche And Capstan Exports

Exports from the Dominican Republic

In 2021, approx. X units of winches and capstans were exported from the Dominican Republic; surging by 1,242% on 2020 figures. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, winche and capstan exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt decline. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X units) was the main destination for winche and capstan exports from the Dominican Republic, with a 59% share of total exports. Moreover, winche and capstan exports to Haiti exceeded the volume sent to the second major destination, Jamaica (X units), threefold. The United States (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti totaled +65.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+48.7% per year) and the United States (-20.2% per year).

In value terms, the largest markets for winche and capstan exported from the Dominican Republic were Haiti ($X), the United States ($X) and Jamaica ($X), together comprising 98% of total exports.

Haiti, with a CAGR of +60.1%, saw 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

The average winche and capstan export price stood at $X per unit in 2021, waning by -16.2% against the previous year. Overall, the export price showed a deep slump. The pace of growth was the most pronounced in 2013 an increase of 27% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($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 the United States (+6.7%), while the prices for the other major destinations experienced a decline.

Winche And Capstan Imports

Imports into the Dominican Republic

Winche and capstan imports into the Dominican Republic fell to X units in 2021, shrinking by -11.2% compared with 2020. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 190% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, winche and capstan imports soared to $X in 2021. Over the period under review, imports, however, recorded a mild increase. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and the United States (X units) were the main suppliers of winche and capstan imports to the Dominican Republic, together comprising 85% of total imports. These countries were followed by Canada, Australia, Panama, Brazil, Mexico and France, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +27.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Italy ($X) appeared to be the largest winche and capstan suppliers to the Dominican Republic, with a combined 60% share of total imports. China, Australia, Brazil, Panama, Mexico and France lagged somewhat behind, together comprising a further 14%.

China, with a CAGR of +23.7%, 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

In 2021, the average winche and capstan import price amounted to $X per unit, picking up by 118% against the previous year. Over the period under review, the import price continues to indicate a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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