Dominican Republic: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in the Dominican Republic

The Dominican domestic electro-thermic appliances market stood at $X in 2022, rising by 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, showed a remarkable increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Domestic Electro-Thermic Appliances Exports

Exports from the Dominican Republic

In 2022, exports of domestic electro-thermic appliances from the Dominican Republic fell markedly to X units, reducing by X% compared with the previous year. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, domestic electro-thermic appliances exports reduced to $X in 2022. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for domestic electro-thermic appliances exports from the Dominican Republic, with a X% share of total exports. Moreover, domestic electro-thermic appliances exports to the United States exceeded the volume sent to the second major destination, Venezuela (X units), twofold. The third position in this ranking was held by Haiti (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Haiti (X% per year).

In value terms, the United States ($X) remains the key foreign market for domestic electro-thermic appliances exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Haiti ($X), with a X% share of total exports. It was followed by Venezuela, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and Venezuela (X% per year).

Export Prices by Country

The average domestic electro-thermic appliances export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Chile ($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 Haiti (X%), while the prices for the other major destinations experienced mixed trend patterns.

Domestic Electro-Thermic Appliances Imports

Imports into the Dominican Republic

In 2022, domestic electro-thermic appliances imports into the Dominican Republic shrank to X units, with a decrease of X% compared with 2021 figures. Over the period under review, imports, however, recorded resilient growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then fell modestly in the following year.

In value terms, domestic electro-thermic appliances imports expanded rapidly to $X in 2022. Overall, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of domestic electro-thermic appliances to the Dominican Republic, accounting for a X% share of total imports. Moreover, domestic electro-thermic appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Brazil (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Brazil (X% per year).

In value terms, China ($X) constituted the largest supplier of domestic electro-thermic appliances to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average domestic electro-thermic appliances import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform