Dominican Republic: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in the Dominican Republic

In 2022, after two years of growth, there was significant decline in the Dominican market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA, when its value decreased by -9.6% to $X. In general, consumption, however, recorded a prominent increase. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in the Dominican Republic

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA shrank remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by 1,993% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from the Dominican Republic

Exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from the Dominican Republic surged to X units in 2022, growing by 62% on 2021 figures. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 35,065%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA soared to $X in 2022. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by 31,395%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Haiti (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from the Dominican Republic, with a 82% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Haiti exceeded the volume sent to the second major destination, Antigua and Barbuda (X units), more than tenfold. Jamaica (X units) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti amounted to +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Antigua and Barbuda (0.0% per year) and Jamaica (+11.6% per year).

In value terms, Haiti ($X) emerged as the key foreign market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA exports from the Dominican Republic, comprising 78% of total exports. The second position in the ranking was taken by Jamaica ($X), with a 16% share of total exports. It was followed by Antigua and Barbuda, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+9.2% per year) and Antigua and Barbuda (0.0% per year).

Export Prices by Country

In 2022, the average export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, growing by 25% against the previous year. In general, the export price, however, recorded a deep reduction. The growth pace was the most rapid in 2021 when the average export price increased by 46%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 Jamaica ($X per unit), while the average price for exports to Cuba ($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 Cuba (+8.7%), while the prices for the other major destinations experienced a decline.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into the Dominican Republic

Imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA into the Dominican Republic skyrocketed to X units in 2022, increasing by 145% against the previous year's figure. Overall, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA soared to $X in 2022. In general, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of diesel or semi-diesel electric generating set of output over X kVA but under X kVA to the Dominican Republic, with a 64% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), fourfold. The third position in this ranking was taken by Spain (X units), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +33.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+8.3% per year) and Spain (+55.9% per year).

In value terms, China ($X), Brazil ($X) and India ($X) were the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA suppliers to the Dominican Republic, together accounting for 75% of total imports. Spain, Italy, France and the United States lagged somewhat behind, together comprising a further 23%.

Spain, with a CAGR of +52.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, picking up by 2.6% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 8% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average 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 India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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