Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the Dominican Republic - 2023
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the Dominican Republic (CIF) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the Dominican Republic (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the Dominican Republic
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the Dominican Republic
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the Dominican Republic (CIF) - 2022
In 2022, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $2,090 per unit, growing by 6.6% against the previous year. Overall, the import price, however, recorded a sharp contraction. Over the period under review, average import prices reached the peak figure at $32,078 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Italy ($7,376 per unit), while the price for China ($271 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 (+6.6%), while the prices for the other major suppliers experienced a decline.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the Dominican Republic (FOB) - 2022
In 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $1,146 per unit, shrinking by -24.3% against the previous year. In general, the export price continues to indicate a sharp slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 228% against the previous year. As a result, the export price reached the peak level of $11,127 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,051 per unit), while the average price for exports to Peru ($25 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 Venezuela (-10.4%), while the prices for the other major destinations experienced a decline.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the Dominican Republic
For the fourth consecutive year, the Dominican Republic recorded growth in purchases abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines), which increased by 36% to 3.4K units in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) surged to $7.1M in 2022. In general, total imports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.6% 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 +70.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.3 | 2.7 | 2.9 | 5.2 | 6.5% |
| Canada | 0.6 | 0.5 | 0.6 | 0.7 | 5.3% |
| China | 0.3 | 0.4 | 0.3 | 0.4 | 10.1% |
| South Korea | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 1.4 | 0.5 | 1.0 | 0.7 | -20.6% |
| Total | 6.7 | 4.2 | 4.9 | 7.1 | 2.0% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to the Dominican Republic in 2022:
- China (1384.0 units)
- United States (1290.0 units)
- South Korea (268.0 units)
- Canada (205.0 units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the Dominican Republic
In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) exported from the Dominican Republic fell rapidly to 74 units, with a decrease of -77.4% against the previous year's figure. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 5,367%. As a result, the exports attained the peak of 328 units, and then declined dramatically in the following year.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) shrank significantly to $85K in 2022. Over the period under review, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 3,338% against the previous year. The exports peaked at $749K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 734 | 0.9 | 109 | 45.1 | -60.5% |
| Venezuela | N/A | 11.1 | 35.1 | 21.0 | 37.5% |
| Haiti | 5.8 | 2.3 | 348 | 8.2 | 12.2% |
| Curacao | N/A | N/A | 1.0 | 7.9 | 690.0% |
| Portugal | N/A | N/A | N/A | 0.1 | 0% |
| Peru | N/A | N/A | N/A | 0.1 | 0% |
| Others | 9.4 | 0.1 | 3.6 | 2.4 | -36.6% |
| Total | 749 | 14.4 | 497 | 84.8 | -51.6% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from the Dominican Republic in 2022:
- United States (22.0 units)
- Venezuela (17.0 units)
- Curacao (16.0 units)
- Haiti (13.0 units)
- Portugal (2.0 units)
- Peru (2.0 units)
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