Dominican Republic: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in the Dominican Republic

In 2020, the Dominican market for electric generating sets and rotary converters decreased by -X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. from 2009 to 2020, the growth of the market remained at a somewhat lower figure.

Production of Electric Generating Sets And Rotary Converters in the Dominican Republic

In value terms, production of electric generating sets and rotary converters rose sharply to $X in 2020 estimated in export prices. Overall, the total production indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Exports of Electric Generating Sets And Rotary Converters

Exports from the Dominican Republic

In 2020, shipments abroad of electric generating sets and rotary converters decreased by -X% to X units for the first time since 2014, thus ending a five-year rising trend. In general, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Exports peaked at X units in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, exports of electric generating sets and rotary converters fell to $X in 2020. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X units) was the main destination for exports of electric generating sets and rotary converters from the Dominican Republic, accounting for a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to the U.S. exceeded the volume sent to the second major destination, Haiti (X units), threefold. The third position in this ranking was occupied by Italy (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the U.S. totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+X% per year) and Italy (-X% per year).

In value terms, the largest markets for electric generating set and rotary converter exported from the Dominican Republic were the U.S. ($X), Haiti ($X) and Honduras ($X), with a combined X% share of total exports.

Among the main countries of destination, Haiti recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for electric generating sets and rotary converters stood at $X per unit in 2020, rising by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, export price reached the peak level of $X per unit. from 2015 to 2020, the growth in terms of the average export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into the Dominican Republic

In 2020, approx. X units of electric generating sets and rotary converters were imported into the Dominican Republic; rising by X% against 2019. Over the period under review, imports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. from 2009 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, imports of electric generating sets and rotary converters dropped notably to $X in 2020. In general, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and Poland (X units) were the main suppliers of imports of electric generating sets and rotary converters to the Dominican Republic, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electric generating set and rotary converter to the Dominican Republic, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

In 2020, the average import price for electric generating sets and rotary converters amounted to $X per unit, shrinking by -X% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2009 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :