Dominican Republic: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in the Dominican Republic

In 2022, the Dominican electrical signalling apparatus market increased by 1.7% to $X, rising for the second consecutive year after three years of decline. In general, consumption posted measured growth. Electrical signalling apparatus consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Electrical Signalling Apparatus Production in the Dominican Republic

In value terms, electrical signalling apparatus production fell to $X in 2022 estimated in export price. In general, production recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by 95% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Electrical Signalling Apparatus Exports

Exports from the Dominican Republic

In 2022, shipments abroad of electrical apparatus for sound or visual signalling increased by 38% to X units, rising for the third year in a row after five years of decline. Over the period under review, exports, however, showed a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 360% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electrical signalling apparatus exports soared to $X in 2022. In general, exports, however, continue to indicate a sharp decline. The growth pace was the most rapid in 2020 when exports increased by 235% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for electrical signalling apparatus exports from the Dominican Republic, with a 74% share of total exports. Moreover, electrical signalling apparatus exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), fivefold. Venezuela (X units) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+48.6% per year) and Venezuela (+160.3% per year).

In value terms, the United States ($X) remains the key foreign market for electrical apparatus for sound or visual signalling exports from the Dominican Republic, comprising 88% of total exports. The second position in the ranking was held by Haiti ($X), with a 9.3% share of total exports. It was followed by Venezuela, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -39.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+47.3% per year) and Venezuela (+293.9% per year).

Export Prices by Country

In 2022, the average electrical signalling apparatus export price amounted to $X per unit, growing by 7.9% against the previous year. Overall, the export price recorded slight growth. The pace of growth was the most pronounced in 2014 an increase of 82%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 the United States ($X per unit), while the average price for exports to the Netherlands ($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 Venezuela (+51.3%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Signalling Apparatus Imports

Imports into the Dominican Republic

Electrical signalling apparatus imports into the Dominican Republic skyrocketed to X units in 2022, jumping by 121% against the previous year's figure. Over the period under review, imports posted a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 160% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, electrical signalling apparatus imports skyrocketed to $X in 2022. In general, imports posted prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 98% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical signalling apparatus to the Dominican Republic, with a 61% share of total imports. Moreover, electrical signalling apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by Austria (X units), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.1% per year) and Austria (+127.7% per year).

In value terms, the United States ($X), China ($X) and Italy ($X) appeared to be the largest electrical signalling apparatus suppliers to the Dominican Republic, together accounting for 90% of total imports. Brazil, Mexico, Spain and Austria lagged somewhat behind, together comprising a further 5.7%.

In terms of the main suppliers, Brazil, with a CAGR of +69.6%, 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

The average electrical signalling apparatus import price stood at $X per unit in 2022, with a decrease of -20.2% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 19% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Austria ($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 United States (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :