Dominican Republic: Glass Electrical Insulator Market 2025

Glass Electrical Insulator Market Size in the Dominican Republic

In 2021, after two years of growth, there was significant decline in the Dominican glass electrical insulator market, when its value decreased by -16.2% to $X. Over the period under review, consumption saw a abrupt shrinkage. Glass electrical insulator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Glass Electrical Insulator Production in the Dominican Republic

In value terms, glass electrical insulator production dropped to $X in 2021 estimated in export price. Overall, production saw a abrupt downturn. The growth pace was the most rapid in 2020 when the production volume increased by 31% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Glass Electrical Insulator Exports

Exports from the Dominican Republic

In 2020, exports of glass electrical insulators from the Dominican Republic surged to X units, rising by 49% compared with the year before. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass electrical insulator exports surged to $X in 2020. Overall, exports, however, continue to indicate a abrupt curtailment. The exports peaked at $X in 2014; however, from 2015 to 2020, the exports remained at a lower figure.

Exports by Country

Kuwait (X units) was the main destination for glass electrical insulator exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2014 to 2020, the average annual rate of growth in terms of volume to Kuwait was relatively modest.

In value terms, Kuwait ($X) emerged as the key foreign market for glass electrical insulators exports from the Dominican Republic.

From 2014 to 2020, the average annual rate of growth in terms of value to Kuwait was relatively modest.

Export Prices by Country

The average glass electrical insulator export price stood at $X per unit in 2020, picking up by 168% against the previous year. Over the period under review, the export price, however, showed a sharp decline. The export price peaked at $X per unit in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

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

From 2014 to 2020, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Glass Electrical Insulator Imports

Imports into the Dominican Republic

In 2021, overseas purchases of glass electrical insulators decreased by -94.9% to X units, falling for the second year in a row after two years of growth. In general, imports faced a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 7,475% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, glass electrical insulator imports reduced notably to $X in 2021. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 12,370%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of glass electrical insulator to the Dominican Republic, accounting for a 75% share of total imports. Moreover, glass electrical insulator imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), sevenfold. Brazil (X units) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+12.8% per year) and Brazil (-7.4% per year).

In value terms, Spain ($X), China ($X) and the United States ($X) constituted the largest glass electrical insulator suppliers to the Dominican Republic, together accounting for 90% of total imports.

Spain, with a CAGR of +34.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average glass electrical insulator import price stood at $X per unit in 2021, growing by 282% against the previous year. Over the period under review, the import price showed a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :