Report Update Nov 1, 2024

Dominican Republic - Chandeliers - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Chandelier Market 2024

Chandelier Market Size in the Dominican Republic

In 2022, the Dominican chandelier market was finally on the rise to reach $X after two years of decline. In general, consumption enjoyed a strong increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Chandelier Exports

Exports from the Dominican Republic

In 2022, exports of chandeliers from the Dominican Republic stood at X units, remaining constant against the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, chandelier exports reduced to $X in 2022. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 192%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X units), the United States (X units) and Venezuela (X units) were the main destinations of chandelier exports from the Dominican Republic.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +35.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chandelier exported from the Dominican Republic were the United States ($X), Haiti ($X) and Venezuela ($X), with a combined 40% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +34.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chandelier export price amounted to $X per unit, falling by -13.3% against the previous year. In general, the export price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 36%. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Haiti ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+5.6%), while the prices for the other major destinations experienced a decline.

Chandelier Imports

Imports into the Dominican Republic

In 2022, after two years of decline, there was significant growth in purchases abroad of chandeliers, when their volume increased by 32% to X units. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 112% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, chandelier imports contracted to $X in 2022. In general, imports posted mild growth. The growth pace was the most rapid in 2015 with an increase of 38%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest chandelier supplier to the Dominican Republic, accounting for a 73% share of total imports. Moreover, chandelier imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. Spain (X units) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.1% per year) and Spain (-6.0% per year).

In value terms, China ($X) constituted the largest supplier of chandeliers to the Dominican Republic, comprising 88% of total imports. The second position in the ranking was held by Spain ($X), with a 23% share of total imports. It was followed by the United States, with a 22% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.9% per year) and the United States (+3.0% per year).

Import Prices by Country

The average chandelier import price stood at $X per unit in 2022, declining by -33% against the previous year. In general, the import price saw a deep slump. The growth pace was the most rapid in 2021 an increase of 113% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chandeliers in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 54% of global consumption.

What are the largest producers of chandeliers in the world?

China constituted the country with the largest volume of chandelier production, accounting for 58% of total volume. Moreover, chandelier production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The United States ranked third in terms of total production with a 7% share.

What are the leading suppliers of chandeliers to the Dominican Republic?

In value terms, the largest chandelier suppliers to the Dominican Republic were Spain, the United States and Mexico, together comprising 85% of total imports. Italy lagged somewhat behind, comprising a further 6.9%.

What are the leading importers of chandeliers from the Dominican Republic?

In value terms, the United States remains the key foreign market for chandelier exports from the Dominican Republic, comprising 70% of total exports. The second position in the ranking was occupied by Chile, with a 17% share of total exports.

What is the average export price for chandeliers in the Dominican Republic?

The average chandelier export price stood at $12 per unit in 2021, falling by -6.8% against the previous year.

What is the average import price for chandeliers in the Dominican Republic?

In 2021, the average chandelier import price amounted to $28 per unit, surging by 63% against the previous year.

This report provides an in-depth analysis of the chandelier market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27402500 - Chandeliers and other electric ceiling or wall lighting fittings (excluding those used for lighting public open spaces or thoroughfares)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023