Dominican Republic: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in the Dominican Republic

In 2021, the Dominican centrifugal clothes-dryer market decreased by -42.5% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a mild setback. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Centrifugal Clothes-Dryer Exports

Exports from the Dominican Republic

In 2021, after three years of growth, there was significant decline in shipments abroad of centrifugal clothes-dryers, when their volume decreased by -26.3% to X units. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 145%. The exports peaked at X units in 2020, and then shrank significantly in the following year.

In value terms, centrifugal clothes-dryer exports dropped notably to $X in 2021. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 200% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X units) was the main destination for centrifugal clothes-dryer exports from the Dominican Republic, accounting for a 94% share of total exports. It was followed by Jamaica (X units), with a 2.4% share of total exports. Cuba (X units) ranked third in terms of total exports with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela stood at +43.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (-11.5% per year) and Cuba (-18.1% per year).

In value terms, Haiti ($X) emerged as the key foreign market for centrifugal clothes-dryers exports from the Dominican Republic, comprising 50% of total exports. The second position in the ranking was taken by Jamaica ($X), with a 14% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti stood at +66.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (-3.4% per year) and the United States (+26.0% per year).

Export Prices by Country

In 2021, the average centrifugal clothes-dryer export price amounted to $X per unit, reducing by -29.7% against the previous year. Over the period under review, the export price, however, recorded a mild increase. The growth pace was the most rapid in 2013 an increase of 152%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+120.1%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports into the Dominican Republic

In 2021, purchases abroad of centrifugal clothes-dryers decreased by -27.7% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 4,218% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, centrifugal clothes-dryer imports fell sharply to $X in 2021. In general, imports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 4,505%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of centrifugal clothes-dryer to the Dominican Republic, accounting for a 64% share of total imports. Moreover, centrifugal clothes-dryer imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X units), threefold. Spain (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+14.9% per year) and Spain (+57.0% per year).

In value terms, the United States ($X), Mexico ($X) and China ($X) appeared to be the largest centrifugal clothes-dryer suppliers to the Dominican Republic, with a combined 88% share of total imports. Spain lagged somewhat behind, comprising a further 2.5%.

Among the main suppliers, Spain, with a CAGR of +31.4%, saw the highest growth rate of 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 2021, the average centrifugal clothes-dryer import price amounted to $X per unit, dropping by -28.9% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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