Dominican Republic: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in the Dominican Republic

The Dominican market for fully or partly automatic electric machines for arc welding of metals contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption faced a deep reduction. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in the Dominican Republic

In value terms, production of fully or partly automatic electric machines for arc welding of metals declined to $X in 2022 estimated in export price. Overall, production saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production of attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from the Dominican Republic

In 2022, shipments abroad of fully or partly automatic electric machines for arc welding of metals decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals totaled $X in 2022. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X units) and South Korea (X units) were the main destinations of exports of fully or partly automatic electric machines for arc welding of metals from the Dominican Republic. Moreover, exports of fully or partly automatic electric machines for arc welding of metals in Haiti exceeded the figures recorded by the second-largest exporter, South Korea, twofold.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%).

From 2014 to 2022, the average annual rate of growth in terms of value to South Korea was relatively modest.

Export Prices by Country

In 2022, the average export price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 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 South Korea ($X per unit), while the average price for exports to Haiti totaled $X per unit.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (X%).

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into the Dominican Republic

In 2022, supplies from abroad of fully or partly automatic electric machines for arc welding of metals increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals shrank rapidly to $X in 2022. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Mexico (X units), Spain (X units) and China (X units) were the main suppliers of imports of fully or partly automatic electric machines for arc welding of metals to the Dominican Republic, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fully or partly automatic arc welding machine suppliers to the Dominican Republic were China ($X), the United States ($X) and Spain ($X), with a combined X% share of total imports.

Among the main suppliers, the United States, with a CAGR of X%, 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

In 2022, the average import price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, 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 China ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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