Dominican Republic: Hvac Equipment Market 2024

Hvac Equipment Market Size in the Dominican Republic

The Dominican HVAC equipment market surged to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated buoyant growth 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, consumption increased by X% against 2020 indices. Consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Hvac Equipment Exports

Exports from the Dominican Republic

In 2022, hvac equipment exports from the Dominican Republic soared to X units, rising by X% on 2021 figures. In general, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, HVAC equipment exports surged to $X in 2022. Over the period under review, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Haiti (X units), the United States (X units) and Turks and Caicos Islands (X units) were the main destinations of HVAC equipment exports from the Dominican Republic, with a combined X% 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 Turks and Caicos Islands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Haiti ($X), the United States ($X) and Turks and Caicos Islands ($X) constituted the largest markets for HVAC equipment exported from the Dominican Republic worldwide, with a combined X% share of total exports.

Turks and Caicos Islands, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average HVAC equipment export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price saw a deep reduction. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turks and Caicos Islands ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turks and Caicos Islands (X%), while the prices for the other major destinations experienced a decline.

Hvac Equipment Imports

Imports into the Dominican Republic

In 2022, approx. X units of HVAC equipment were imported into the Dominican Republic; with an increase of X% compared with the previous year. Over the period under review, imports continue to indicate strong growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, HVAC equipment imports surged to $X in 2022. In general, total imports indicated a remarkable 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, imports increased by X% against 2020 indices. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest HVAC equipment supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. Mexico (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform