Dominican Republic: Fireworks Market 2024

Fireworks Market Size in the Dominican Republic

The Dominican fireworks market contracted modestly to $X in 2022, approximately reflecting the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Fireworks Production in the Dominican Republic

In value terms, fireworks production dropped slightly to $X in 2022 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Fireworks Exports

Exports from the Dominican Republic

In 2022, overseas shipments of fireworks were finally on the rise to reach X kg after three years of decline. Overall, exports, however, faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, fireworks exports reached $X in 2022. In general, exports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bahamas (X kg) was the main destination for fireworks exports from the Dominican Republic, with a X% share of total exports. Moreover, fireworks exports to Bahamas exceeded the volume sent to the second major destination, the United States (X kg), fourfold.

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

In value terms, Bahamas ($X) remains the key foreign market for fireworks exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

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

Export Prices by Country

The average fireworks export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price recorded a buoyant increase. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to Haiti ($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 Bahamas (X%), while the prices for the other major destinations experienced mixed trend patterns.

Fireworks Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of fireworks was finally on the rise to reach X tons after two years of decline. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, fireworks imports soared to $X in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons) and the United States (X tons) were the main suppliers of fireworks imports to the Dominican Republic.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the United States ($X) constituted the largest supplier of fireworks to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%.

Import Prices by Country

In 2022, the average fireworks import price amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fireworks import price increased by X% against 2020 indices. The import price peaked at $X per ton in 2019; afterwards, it flattened through to 2022.

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 the United States ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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