Pumps; Parts Thereof Price in the Dominican Republic - 2023
Contents:
- Pumps; Parts Thereof Price in the Dominican Republic (CIF) - 2022
- Pumps; Parts Thereof Price in the Dominican Republic (FOB) - 2022
- Pumps; Parts Thereof Imports in the Dominican Republic
- Pumps; Parts Thereof Exports in the Dominican Republic
Pumps; Parts Thereof Price in the Dominican Republic (CIF) - 2022
In 2022, the average pumps; parts thereof import price amounted to $30,870 per ton, declining by -14.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 57% against the previous year. The import price peaked at $92,097 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($96,854 per ton), while the price for China ($18,588 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in the Dominican Republic (FOB) - 2022
In 2022, the average pumps; parts thereof export price amounted to $15,064 per ton, growing by 22% against the previous year. Overall, the export price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 43% against the previous year. Over the period under review, the average export prices reached the peak figure at $33,378 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($68,741 per ton), while the average price for exports to Haiti ($10,537 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+31.3%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in the Dominican Republic
In 2022, approx. 886 tons of pumps; parts thereoves were imported into the Dominican Republic; jumping by 80% on the previous year's figure. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, pumps; parts thereof imports surged to $27M in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pumps; Parts Thereof in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.1 | 7.6 | 10.0 | 13.8 | 24.8% |
| Canada | 0.9 | 1.6 | 1.3 | 2.7 | 44.2% |
| Germany | 1.9 | 1.1 | 1.5 | 2.6 | 11.0% |
| China | 0.9 | 1.0 | 1.5 | 2.0 | 30.5% |
| Colombia | 0.4 | 0.1 | 0.6 | 1.6 | 58.7% |
| Spain | 0.6 | 0.9 | 0.6 | 0.7 | 5.3% |
| Italy | 0.3 | 0.2 | 0.3 | 0.6 | 26.0% |
| Others | 2.3 | 1.3 | 2.0 | 3.3 | 12.8% |
| Total | 14.5 | 13.8 | 17.8 | 27.4 | 23.6% |
Top Suppliers of Pumps; Parts Thereof to the Dominican Republic in 2022:
- United States (509.3 tons)
- Canada (127.2 tons)
- China (107.0 tons)
- Germany (26.8 tons)
- Italy (22.3 tons)
- Colombia (21.7 tons)
- Spain (17.7 tons)
Pumps; Parts Thereof Exports in the Dominican Republic
In 2022, overseas shipments of pumps; parts thereoves decreased by -83.5% to 9 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 116%. As a result, the exports attained the peak of 55 tons, and then dropped markedly in the following year.
In value terms, pumps; parts thereof exports dropped rapidly to $136K in 2022. Overall, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2020 with an increase of 84%.
| Export of Pumps; Parts Thereof in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 91.2 | 119 | 145 | 53.5 | -16.3% |
| South Africa | N/A | N/A | N/A | 36.1 | 0% |
| Cuba | 167 | 426 | 161 | 15.7 | -54.5% |
| Turks and Caicos Islands | 1.1 | N/A | 0.1 | 10.6 | 112.8% |
| United States | 62.8 | 91.7 | 218 | 8.8 | -48.1% |
| Jamaica | N/A | N/A | N/A | 7.1 | 0% |
| Costa Rica | N/A | N/A | 1.5 | 2.5 | 66.7% |
| Colombia | N/A | N/A | 134 | N/A | 0% |
| Others | 27.6 | 6.2 | 14.5 | 1.7 | -60.5% |
| Total | 350 | 643 | 674 | 136 | -27.0% |
Top Export Markets for Pumps; Parts Thereof from the Dominican Republic in 2022:
- Haiti (5.1 tons)
- South Africa (2.3 tons)
- Jamaica (0.5 tons)
- United States (0.4 tons)
- Turks and Caicos Islands (0.3 tons)
- Cuba (0.2 tons)
- Costa Rica (0.1 tons)
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