Report Dominican Republic - Furniture Designed to Receive Refrigerating or Freezing Equipment - Market Analysis, Forecast, Size, Trends and Insights for 499$

Report Update Nov 1, 2024

Dominican Republic - Furniture Designed to Receive Refrigerating or Freezing Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in the Dominican Republic

In 2022, after two years of growth, there was significant decline in the Dominican refrigerator or freezer market, when its value decreased by -5.6% to $X. Overall, consumption, however, recorded a significant increase. Refrigerator or freezer consumption peaked at $X in 2021, and then contracted in the following year.

Refrigerator Or Freezer Exports

Exports from the Dominican Republic

Refrigerator or freezer exports from the Dominican Republic surged to X units in 2022, jumping by 123% against 2021. Overall, exports showed a significant increase. The growth pace was the most rapid in 2014 with an increase of 1,159% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, refrigerator or freezer exports soared to $X in 2022. In general, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by 8,696% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for refrigerator or freezer exports from the Dominican Republic, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +52.7%.

In value terms, the United States ($X) also remains the key foreign market for furniture designed to receive refrigerating or freezing equipment exports from the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +28.2%.

Export Prices by Country

In 2022, the average refrigerator or freezer export price amounted to $X per unit, surging by 31% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 1,155%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -16.0% per year.

Refrigerator Or Freezer Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of furniture designed to receive refrigerating or freezing equipment decreased by -5.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2015 with an increase of 196%. Over the period under review, imports reached the maximum at X units in 2021, and then fell in the following year.

In value terms, refrigerator or freezer imports fell slightly to $X in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 212%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

Italy (X units), Spain (X units) and China (X units) were the main suppliers of refrigerator or freezer imports to the Dominican Republic, together accounting for 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +38.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerator or freezer suppliers to the Dominican Republic were Italy ($X), Spain ($X) and France ($X), with a combined 89% share of total imports.

Italy, with a CAGR of +46.7%, recorded the highest rates of growth with regard to the value of imports, among 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 refrigerator or freezer import price amounted to $X per unit, rising by 3.4% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refrigerator or freezer import price increased by +45.9% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 51% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, 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 France ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furniture designed to receive refrigerating or freezing equipment in the world?

China constituted the country with the largest volume of refrigerator or freezer consumption, accounting for 20% of total volume. Moreover, refrigerator or freezer consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 7.1% share.

What are the largest producers of furniture designed to receive refrigerating or freezing equipment in the world?

The country with the largest volume of refrigerator or freezer production was China, accounting for 24% of total volume. Moreover, refrigerator or freezer production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.8% share.

What are the leading suppliers of furniture designed to receive refrigerating or freezing equipment to the Dominican Republic?

In value terms, Spain, the United States and Portugal were the largest refrigerator or freezer suppliers to the Dominican Republic, together comprising 74% of total imports.

What are the leading importers of furniture designed to receive refrigerating or freezing equipment from the Dominican Republic?

In value terms, the United States remains the key foreign market for refrigerator or freezer exports from the Dominican Republic, comprising 69% of total exports. The second position in the ranking was occupied by Mexico $329), with a 22% share of total exports.

What is the average export price for furniture designed to receive refrigerating or freezing equipment in the Dominican Republic?

The average refrigerator or freezer export price stood at $7,766 per ton in 2021, with a decrease of -9.6% against the previous year.

What is the average import price for furniture designed to receive refrigerating or freezing equipment in the Dominican Republic?

The average refrigerator or freezer import price stood at $12,381 per ton in 2021, surging by 24% against the previous year.

This report provides an in-depth analysis of the refrigerator or freezer market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28253030 - Furniture designed to receive refrigerating or freezing equipment (including evaporators, complete refrigerating units)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023