Dominican Republic: Capacitor Market 2024

Capacitor Market Size in the Dominican Republic

In 2021, the Dominican capacitor market decreased by -8.1% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption recorded a slight downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Capacitor Production in the Dominican Republic

In value terms, capacitor production contracted to $X in 2021 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +108.9% against 2014 indices. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted modestly in the following year.

Capacitor Exports

Exports from the Dominican Republic

In 2021, after nine years of growth, there was significant decline in overseas shipments of electrical capacitors, when their volume decreased by -5.1% to X tons. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 235%. The exports peaked at X tons in 2020, and then declined in the following year.

In value terms, capacitor exports rose significantly to $X in 2021. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 when exports increased by 342%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Thailand (X tons) was the main destination for capacitor exports from the Dominican Republic, with a 23% share of total exports. Moreover, capacitor exports to Thailand exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled +130.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+42.5% per year) and India (+120.6% per year).

In value terms, Singapore ($X) remains the key foreign market for electrical capacitors exports from the Dominican Republic, comprising 27% of total exports. The second position in the ranking was held by India ($X), with a 7.9% share of total exports. It was followed by Thailand, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled +106.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+113.7% per year) and Thailand (+82.6% per year).

Export Prices by Country

In 2021, the average capacitor export price amounted to $X per ton, increasing by 13% against the previous year. In general, the export price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to France ($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 South Korea (+46.4%), while the prices for the other major destinations experienced mixed trend patterns.

Capacitor Imports

Imports into the Dominican Republic

After three years of growth, supplies from abroad of electrical capacitors decreased by -76% to X tons in 2021. Overall, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of 261%. Imports peaked at X tons in 2020, and then reduced sharply in the following year.

In value terms, capacitor imports shrank significantly to $X in 2021. In general, imports, however, posted a measured expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 173%. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of capacitor imports to the Dominican Republic, with a combined 68% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of electrical capacitors to the Dominican Republic, comprising 62% of total imports. The second position in the ranking was held by Japan ($X), with a 7.5% share of total imports. It was followed by China, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+20.6% per year) and China (-8.4% per year).

Import Prices by Country

The average capacitor import price stood at $X per ton in 2021, with an increase of 26% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, capacitor import price increased by +50.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Brazil ($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 (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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