Dominican Republic: Binocular Market 2025

Binocular Market Size in the Dominican Republic

The Dominican binocular market skyrocketed to $X in 2021, increasing by 46% against 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). In general, consumption saw a moderate increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Binocular Exports

Exports from the Dominican Republic

In 2021, approx. X units of binoculars were exported from the Dominican Republic; waning by -66.7% on 2020. Overall, exports faced a significant decrease. The growth pace was the most rapid in 2020 with an increase of 200% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, binocular exports skyrocketed to $X in 2021. In general, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2016 when exports increased by 128%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for binoculars exports from the Dominican Republic.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -44.0%.

Export Prices by Country

The average binocular export price stood at $X per unit in 2021, with an increase of 305% against the previous year. Over the period under review, the export price, however, showed a sharp contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 538%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -20.2% per year.

Binocular Imports

Imports into the Dominican Republic

In 2021, binocular imports into the Dominican Republic soared to X units, rising by 47% against the previous year. Over the period under review, imports recorded a noticeable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 549%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, binocular imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 126% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest binocular supplier to the Dominican Republic, with a 87% share of total imports. Moreover, binocular imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), more than tenfold. The third position in this ranking was held by the United States (X units), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+36.1% per year) and the United States (+4.6% per year).

In value terms, China ($X) constituted the largest supplier of binoculars to the Dominican Republic, comprising 35% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Mexico, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.2% per year) and Mexico (+37.0% per year).

Import Prices by Country

The average binocular import price stood at $X per unit in 2021, with a decrease of -11.2% against the previous year. Over the period under review, the import price recorded a noticeable decline. The pace of growth was the most pronounced in 2013 an increase of 328% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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