After six years of growth, the Dominican crane market fell -X% to $X in 2020. But overall, consumption expanded moderately. The rate of growth was most pronounced in 2019, when market cap increased by X% year-over-year. As a result, consumption peaked at $X and then contracted the following year.
In terms of value, crane production has risen sharply in 2020 to an estimated $X at export prices. During the period under review, however, production exhibited a relatively flat trend pattern. The most significant growth rate was recorded in 2016, with a year-on-year increase of X%. Crane production peaked in 2020 and will likely continue to grow in the near future.
Dominican Republic Crane Export Scale
In 2020, approximately X cranes, mobile cranes were exported from the Dominican Republic; an increase of X% over the previous year. Overall, exports showed strong growth. In 2011, the growth rate was the fastest, with an increase of X% year-on-year. During the period under review, exports peaked at X units in 2013; however, from 2014 to 2020, export figures were slightly lower.
Crane exports rose to X dollars in 2020 by value. During the period under review, export growth was strong. The most significant growth rate occurred in 2011, which was an X% increase compared to the previous year. During the period under review, exports peaked at $X in 2017; however, from 2018 to 2020, export figures were slightly lower.
Colombia (X units) is the main destination for crane exports from the Dominican Republic, accounting for X% of total exports. In addition, more than twice as many cranes were exported to Colombia as to the second major destination, the United States (X units). Ecuador (X units) ranks third in total exports with a share of X%.
From 2007 to 2020, the average annual growth rate of freight traffic to Colombia was +X%. Exports to other major destinations recorded the following average annual export growth rates: United States (+X% per annum) and Ecuador (-X% per annum).
By value, the largest crane markets for exports from the Dominican Republic are the United States ($X), Colombia ($X) and Honduras ($X), representing X% of total exports. In terms of major destination countries, the U.S. experienced the highest growth in export value during the period under review, while other leaders experienced more modest export growth rates.
Dominican Republic Crane Import Scale
In 2020, the supply of cranes, mobile cranes from abroad dropped -X% to X units for the first time since 2016, thus ending a three-year upward trend. Overall, however, imports have grown significantly. The most significant growth rate was recorded in 2019, with a year-on-year increase of X%. As a result, imports peaked at X units before shrinking sharply the following year.
Crane imports surged to $X in 2020 by value. But overall, imports continued to show significant growth. The most significant growth rate occurred in 2019, when imports increased by X% over the previous year. Imports peaked in 2020 and are likely to grow steadily over the next few years.
In 2020, China (X units) was the largest crane supplier to the Dominican Republic, accounting for X% of total imports. In addition, the number of cranes imported from China exceeded six times the number recorded by the second largest supplier, the United States (X units). Third in the ranking is Germany (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of sales from China reached +X%. The average annual growth rates of imports for the remaining suppliers are as follows: the United States (+X% per annum) and Germany (+X% per annum).
China (USD X) is the largest crane supplier to the Dominican Republic by value, accounting for X% of total imports. In second place is Germany ($X) with X% of total imports. It is followed by the United States with an X% share.
From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Germany (+X% per annum) and the United States (+X% per annum).
Statistics of various crane suppliers in Dominican Republic
China is the largest supplier of cranes to the Dominican Republic by value, accounting for 64% of total imports. In second place is Germany, which accounts for 20% of total imports. It is followed by the United States with a share of 15%.
The largest markets for crane exports from the Dominican Republic by value are the United States, Colombia and Honduras, which together account for 95% of total exports.
The average export price of cranes in 2020 was USD 2,267 per unit, a decrease of -22.1% from the previous year.
The average price of crane imports in 2020 was $5,687 per unit, an increase of 57% over the previous year.
How to customize crane from China
We are a crane manufacturer located in China, providing crane customization services to global crane customers. If you want to customize a crane, you can leave a message on the website or Email: sales010@cranesdq.com, tell us the following information, and our sales manager will contact you