Dominican Republic: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in the Dominican Republic

The Dominican market for instrument panel and wall clocks expanded notably to $X in 2020, with an increase of X% 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). Overall, consumption, however, recorded a deep setback. The pace of growth was the most pronounced in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Exports of Instrument Panel And Wall Clocks

Exports from the Dominican Republic

In 2020, overseas shipments of instrument panel and wall clocks decreased by -X% to X kg, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tons in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

In value terms, instrument panel and wall clock exports contracted to $X in 2020. Over the period under review, exports recorded a tangible expansion. The growth pace was the most rapid in 2012 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2016; however, from 2017 to 2020, exports remained at a lower figure.

Exports by Country

Germany (X kg) was the main destination for instrument panel and wall clock exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, instrument panel and wall clock exports to Germany exceeded the volume sent to the second major destination, the United States (X kg), threefold. The third position in this ranking was occupied by Haiti (X kg), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and Haiti (-X% per year).

In value terms, Haiti ($X), the United States ($X) and Costa Rica ($X) appeared to be the largest markets for instrument panel and wall clock exported from the Dominican Republic worldwide, together comprising X% of total exports. These countries were followed by Honduras, Venezuela, Germany and Jamaica, which together accounted for a further X terms of the main countries of destination, Germany (+X% per year) saw the highest rates of growth with regard to 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

The average export price for instrument panel and wall clocks stood at $X per ton in 2020, increasing by X% against the previous year. Over the period under review, the export price showed a significant expansion. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Haiti ($X per ton), while the average price for exports to Jamaica ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports into the Dominican Republic

In 2020, overseas purchases of instrument panel and wall clocks increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, instrument panel and wall clock imports dropped remarkably to $X in 2020. Overall, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest instrument panel and wall clock supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fivefold. Panama (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+X% per year) and Panama (-X% per year).

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to the Dominican Republic, comprising X% of total imports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+X% per year) and the United States (-X% per year).

Import Prices by Country

In 2020, the average import price for instrument panel and wall clocks amounted to $X per ton, declining by -X% against the previous year. In general, the import price, however, enjoyed temperate growth. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sweden (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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