In 2021, the Dominican transport and overhead crane market fell -X% to $X for the first time since 2017, ending a three-year downward trend. Overall, consumption has fallen sharply. As a result, consumption reaches a peak level of X dollars. From 2015 to 2021, the market growth rate will remain at a low level.
In value terms, the total production of transport and overhead cranes in 2021 is estimated at X USD at export prices. Overall, production faced a huge setback. The fastest growth in 2017, with an X% year-on-year increase in production. Production of transport and overhead cranes peaked at $X in 2012; however, from 2013 to 2021, production was at a lower level.
Overseas shipments of haulage cranes, gantry cranes and overhead cranes increased by X% to X units in 2021, the second consecutive year of growth after three years of decline. Overall, however, exports fell sharply. The fastest growth in 2016, exports increased by X% year-on-year. During the period under review, exports reached a maximum of X units in 2012; however, from 2013 to 2021, exports remained at low levels.
In value terms, exports of transport and overhead cranes surge to $X in 2021. However, exports continued to decline significantly during the period under review. The fastest growth rate in 2016, an increase of X% year-on-year. During the period under review, exports hit an all-time high of $X in 2012; however, from 2013 to 2021, exports remain at lower levels.
The United States (X units) is the leading destination for Dominican Republic transport and overhead crane exports, accounting for X% of total exports. In addition, shipments of transport and overhead cranes to the US were five times higher than to the second largest destination, Haiti (X units).
From 2012 to 2021, the average annual growth rate of shipments to the U.S. will total -X%.
In terms of value, the United States ($X) remains the leading foreign market for Dominican Republic transport and overhead crane exports, accounting for X% of total exports. In second place is Haiti ($X) with X% of total exports.
From 2012 to 2021, the average annual growth rate of value to the United States is -X%.
After two years of decline, overseas purchases of haulage cranes, gantry cranes and overhead cranes fell -X% to X units in 2021. During the period under review, imports faced a significant reduction. The most significant growth rate occurred in 2014, when imports increased by X% year-on-year. During the period under review, imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In value terms, imports of transport and overhead cranes fell significantly to $X in 2021. Overall, 10 ton gantry crane imports fell sharply. In 2014, the growth rate was the fastest, with an increase of X% year-on-year. Imports peaked at $X in 2012; however, imports declined slightly from 2013 to 2021.
In 2021, China (X units) is the largest supplier of transport and overhead cranes to the Dominican Republic, accounting for X% of total imports. In addition, the number of transport and overhead cranes imported from China was more than ten times higher than the number recorded by the second largest supplier, the United States (X units).
From 2012 to 2021, the average annual growth rate of sales from China is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: the United States (-X% per annum) and Denmark (X% per annum).
China (USD X) is the largest supplier of transport and overhead cranes to the Dominican Republic by value, accounting for X% of total imports. In second place is the United States ($X) with X% of total imports.
From 2012 to 2021, the average annual growth rate of value from China totals +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: United States (-X% per annum) and Denmark (-X% per annum).
China is the largest supplier of transport and overhead cranes to the Dominican Republic by value, accounting for 93% of total imports. In second place is the United States, which accounts for 5.8% of total imports.
In terms of value, the United States remains the leading foreign market for Dominican Republic transport and overhead crane exports, accounting for 82% of total exports. In second place is Haiti, with 18% of total exports.
In 2021, the average export price of transport and overhead cranes will be $694 per unit, down -58.1% from the previous year.
The average import price for transport and overhead cranes in 2021 is $3,346 per unit, roughly the same as the previous year.
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