Dominican Republic: Computing Machinery Market 2024

Computing Machinery Market Size in the Dominican Republic

The Dominican computing machinery market shrank to $X in 2021, with a decrease of -10.8% 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, posted buoyant growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Computing Machinery Exports

Exports from the Dominican Republic

In 2021, shipments abroad of computing machinery and parts and accessories thereof increased by 11% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, showed a deep reduction. The growth pace was the most rapid in 2014 with an increase of 39% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, computing machinery exports reached $X in 2021. In general, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 72% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for computing machinery exports from the Dominican Republic, accounting for a 15% share of total exports. Moreover, computing machinery exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+7.7% per year) and Hong Kong SAR (-5.0% per year).

In value terms, the United States ($X) remains the key foreign market for computing machinery and parts and accessories thereof exports from the Dominican Republic, comprising 29% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 7.6% share of total exports. It was followed by Haiti, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+29.0% per year) and Haiti (+9.5% per year).

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, shrinking by -7.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 115% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into the Dominican Republic

In 2021, approx. X tons of computing machinery and parts and accessories thereof were imported into the Dominican Republic; which is down by -8.3% compared with the previous year. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 43%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, computing machinery imports declined to $X in 2021. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2019 with an increase of 69%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Hong Kong SAR (X tons) were the main suppliers of computing machinery imports to the Dominican Republic.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +39.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest computing machinery suppliers to the Dominican Republic were China ($X), the United States ($X) and Hong Kong SAR ($X).

Among the main suppliers, Hong Kong SAR, with a CAGR of +44.4%, 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 computing machinery import price amounted to $X per ton, leveling off at the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2019 an increase of 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average 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 Hong Kong SAR ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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