Dominican Republic: Machinery Electrical Parts Market 2025

Machinery Electrical Parts Market Size in the Dominican Republic

The Dominican machinery electrical parts market declined slightly to $X in 2022, falling by -2.2% against the previous year. Overall, consumption, however, showed a resilient expansion. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Machinery Electrical Parts Production in the Dominican Republic

In value terms, machinery electrical parts production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 44% against the previous year. Machinery electrical parts production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Machinery Electrical Parts Exports

Exports from the Dominican Republic

Machinery electrical parts exports from the Dominican Republic surged to X tons in 2022, jumping by 49% compared with 2021 figures. Over the period under review, exports, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 144%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, machinery electrical parts exports surged to $X in 2022. In general, exports posted a perceptible expansion. The most prominent rate of growth was recorded in 2020 with an increase of 152% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons), the United States (X tons) and Mexico (X kg) were the main destinations of machinery electrical parts exports from the Dominican Republic, with a combined 100% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +3.4%), while the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for electrical parts of machinery or apparatus exports from the Dominican Republic, comprising 76% of total exports. The second position in the ranking was held by Italy ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+12.5% per year) and Mexico (-8.5% per year).

Export Prices by Country

The average machinery electrical parts export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 114%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery Electrical Parts Imports

Imports into the Dominican Republic

After two years of growth, supplies from abroad of electrical parts of machinery or apparatus decreased by -22.2% to X kg in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by 304% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, machinery electrical parts imports rose rapidly to $X in 2022. Overall, imports continue to indicate a mild contraction. The pace of growth was the most pronounced in 2016 with an increase of 439%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) constituted the largest supplier of machinery electrical parts to the Dominican Republic, with a 71% share of total imports. Moreover, machinery electrical parts imports from the United States exceeded the figures recorded by the second-largest supplier, China (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.5% per year) and Malaysia (+29.2% per year).

In value terms, the largest machinery electrical parts suppliers to the Dominican Republic were the United States ($X), China ($X) and Malaysia ($X), with a combined 99.9% share of total imports.

Malaysia, with a CAGR of +29.4%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 machinery electrical parts import price amounted to $X per ton, jumping by 44% against the previous year. In general, the import price posted a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 186%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+29.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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