Dominican Republic - Lifts And Hoists - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLift and Hoist Price in the Dominican Republic - 2023
Contents:
- Lift and Hoist Price in the Dominican Republic (CIF) - 2022
- Lift and Hoist Price in the Dominican Republic (FOB) - 2022
- Lift and Hoist Imports in the Dominican Republic
- Lift and Hoist Exports in the Dominican Republic
Lift and Hoist Price in the Dominican Republic (CIF) - 2022
The average lift and hoist import price stood at $20,302 per unit in 2022, surging by 16% against the previous year. Over the period under review, the import price, however, showed a mild contraction. Over the period under review, average import prices hit record highs at $34,997 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($87,987 per unit), while the price for Spain ($9,595 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Lift and Hoist Price in the Dominican Republic (FOB) - 2022
The average lift and hoist export price stood at $21,394 per unit in 2022, with a decrease of -34.5% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 73%. Over the period under review, the average export prices hit record highs at $32,672 per unit in 2021, and then fell significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($46,500 per unit), while the average price for exports to Ecuador ($3,733 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 Jamaica (+364.3%), while the prices for the other major destinations experienced more modest paces of growth.
Lift and Hoist Imports in the Dominican Republic
For the fourth consecutive year, the Dominican Republic recorded growth in supplies from abroad of lifts and hoists, which increased by 29% to 2.1K units in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, lift and hoist imports surged to $42M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Lift and Hoist in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 10.8 | 9.8 | 12.3 | 20.3 | 23.4% |
United States | 9.6 | 8.4 | 8.7 | 7.6 | -7.5% |
Mexico | 0.2 | 0.3 | 0.6 | 4.5 | 182.3% |
Japan | 2.0 | 1.7 | 2.0 | 2.6 | 9.1% |
Brazil | 1.0 | 0.7 | 1.0 | 2.0 | 26.0% |
Spain | 2.1 | 1.0 | 1.6 | 1.7 | -6.8% |
South Korea | 1.0 | 0.4 | 0.7 | 0.9 | -3.5% |
Others | 1.8 | 0.8 | 1.4 | 2.6 | 13.0% |
Total | 28.4 | 23.2 | 28.2 | 42.3 | 14.2% |
Top Suppliers of Lift and Hoist to the Dominican Republic in 2022:
- China (1394.0 units)
- Spain (181.0 units)
- Mexico (176.0 units)
- United States (171.0 units)
- Brazil (40.0 units)
- South Korea (33.0 units)
- Japan (30.0 units)
Lift and Hoist Exports in the Dominican Republic
Lift and hoist exports from the Dominican Republic reduced markedly to 17 units in 2022, which is down by -26.1% compared with 2021 figures. Overall, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 229%. The exports peaked at 46 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, lift and hoist exports shrank significantly to $364K in 2022. In general, exports showed a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 372% against the previous year. The exports peaked at $855K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Lift and Hoist in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | N/A | N/A | N/A | 127 | 0% |
United States | 670 | 11.4 | 8.0 | 95.6 | -47.7% |
Nicaragua | N/A | N/A | N/A | 65.8 | 0% |
Jamaica | 52.6 | 17.0 | N/A | 46.5 | -4.0% |
Haiti | 86.5 | 77.8 | 157 | 17.6 | -41.2% |
Ecuador | N/A | N/A | N/A | 11.2 | 0% |
Turks and Caicos Islands | N/A | N/A | 2.0 | N/A | 0% |
United Kingdom | N/A | N/A | 28.9 | N/A | 0% |
Panama | N/A | N/A | 113 | N/A | 0% |
Netherlands | N/A | N/A | 3.4 | N/A | 0% |
Others | 45.9 | 53.0 | 440 | N/A | 209.6% |
Total | 855 | 159 | 751 | 364 | -24.8% |
Top Export Markets for Lift and Hoist from the Dominican Republic in 2022:
- Germany (6.0 units)
- United States (4.0 units)
- Ecuador (3.0 units)
- Nicaragua (2.0 units)
- Jamaica (1.0 units)
- Haiti (1.0 units)
This report provides an in-depth analysis of the lift and hoist market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221630 - Electrically operated lifts and skip hoists
- Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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