Dominican Republic: First-Aid Kit Market 2024

First-Aid Kit Market Size in the Dominican Republic

The Dominican first-aid kit market expanded modestly to $X in 2022, with an increase of 3.9% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +92.2% against 2013 indices. First-aid kit consumption peaked in 2022 and is expected to retain growth in the near future.

First-Aid Kit Production in the Dominican Republic

In value terms, first-aid kit production totaled $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 22% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

First-Aid Kit Exports

Exports from the Dominican Republic

In 2022, after two years of decline, there was significant growth in overseas shipments of first-aid boxes and kits, when their volume increased by 514% to X kg. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 6,600%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, first-aid kit exports skyrocketed to $X in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,632% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X kg) was the main destination for first-aid kit exports from the Dominican Republic, with a 85% share of total exports. Moreover, first-aid kit exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), tenfold. Cuba (X kg) ranked third in terms of total exports with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti totaled +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+47.6% per year) and Cuba (+31.6% per year).

In value terms, the United States ($X) remains the key foreign market for first-aid boxes and kits exports from the Dominican Republic, comprising 87% of total exports. The second position in the ranking was held by Haiti ($X), with a 9.1% share of total exports. It was followed by Turks and Caicos Islands, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +70.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+9.1% per year) and Turks and Caicos Islands (-8.5% per year).

Export Prices by Country

The average first-aid kit export price stood at $X per ton in 2022, reducing by -73.6% against the previous year. Over the period under review, the export price recorded a deep setback. The pace of growth was the most pronounced in 2018 an increase of 1,323% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cuba ($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 (+15.4%), while the prices for the other major destinations experienced a decline.

First-Aid Kit Imports

Imports into the Dominican Republic

In 2022, approx. X tons of first-aid boxes and kits were imported into the Dominican Republic; growing by 94% against the previous year's figure. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 291%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, first-aid kit imports soared to $X in 2022. Overall, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 197%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of first-aid kit to the Dominican Republic, accounting for a 87% share of total imports. Moreover, first-aid kit imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +22.6%.

In value terms, China ($X) constituted the largest supplier of first-aid boxes and kits to the Dominican Republic, comprising 91% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +21.3%.

Import Prices by Country

In 2022, the average first-aid kit import price amounted to $X per ton, growing by 19% against the previous year. In general, the import price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2016 an increase of 26% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.1%).

Source: IndexBox Platform

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