Dominican Republic: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in the Dominican Republic

The Dominican cylindrical roller bearing market was estimated at $X in 2022, approximately mirroring 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 enjoyed a resilient expansion. The Dominican Republic consumption peaked in 2022 and is likely to see gradual growth in years to come.

Cylindrical Roller Bearing Exports

Exports from the Dominican Republic

Cylindrical roller bearing exports from the Dominican Republic skyrocketed to X kg in 2022, growing by X% compared with the previous year. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing exports dropped to $X in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), China (X tons) and Japan (X tons) represented roughly X% of total exports in 2022. Romania (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (X%). The following exporters - Kazakhstan (X tons), Canada (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons), Italy (X tons), India (X tons) and the Netherlands (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from the Dominican Republic, comprising X% of global exports. The second position in the ranking was held by Japan ($X), with an X% share of global exports. It was followed by China, with an X% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in the Dominican Republic amounted to $X per ton, declining by X% against the previous year. In general, the export price faced a sharp slump. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. The the Dominican Republic export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into the Dominican Republic

In 2022, the amount of cylindrical roller bearings imported into the Dominican Republic surged to X tons, with an increase of X% against the year before. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The Dominican Republic imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cylindrical roller bearing imports declined slightly to $X in 2022. In general, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The Dominican Republic imports peaked at $X in 2021, and then shrank slightly in the following year.

Imports by Country

The purchases of the three major importers of cylindrical roller bearings, namely China, Russia and Germany, represented more than third of total import. It was distantly followed by the United States (X tons), creating a X% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Belgium (X tons), Turkey (X tons) and the Czech Republic (X tons) took a minor share of total imports.

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

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Russia, Mexico, Italy, Brazil, South Korea, Spain, Belgium, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Spain, with a CAGR of X%, saw the highest rates of growth with regard to 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 import price in the Dominican Republic amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :