Dominican Republic: Test And Measurement Market 2025

Test And Measurement Market Size in the Dominican Republic

The Dominican test and measurement market soared to $X in 2021, increasing by 34% 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, consumption, however, recorded a pronounced slump. Test and measurement consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Test And Measurement Exports

Exports from the Dominican Republic

In 2021, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses exported from the Dominican Republic reduced to X units, falling by -12.7% on the year before. In general, exports saw a slight downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 899% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, test and measurement exports dropped remarkably to $X in 2021. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 1,504%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Haiti (X units) and Bolivia (X units) were the main destinations of test and measurement exports from the Dominican Republic, together comprising 68% of total exports.

From 2012 to 2021, the biggest increases were recorded for Haiti (with a CAGR of +84.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for instruments and apparatus for measuring or checking pressure of liquids or gasses exports from the Dominican Republic, comprising 57% of total exports. The second position in the ranking was taken by Haiti ($X), with a 7.5% share of total exports. It was followed by Finland, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+87.8% per year) and Finland (+91.4% per year).

Export Prices by Country

In 2021, the average test and measurement export price amounted to $X per unit, falling by -36.8% against the previous year. Over the period under review, the export price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2019 an increase of 115% against the previous year. The export price peaked at $X per unit in 2020, and then contracted sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into the Dominican Republic

In 2021, approx. X units of instruments and apparatus for measuring or checking pressure of liquids or gasses were imported into the Dominican Republic; jumping by 45% compared with the previous year's figure. In general, imports saw a temperate increase. The growth pace was the most rapid in 2014 when imports increased by 130% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, test and measurement imports expanded slightly to $X in 2021. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when imports increased by 173% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest test and measurement supplier to the Dominican Republic, with a 70% share of total imports. Moreover, test and measurement imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fivefold. The United States (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+12.3% per year) and the United States (-11.7% per year).

In value terms, the largest test and measurement suppliers to the Dominican Republic were the United States ($X), China ($X) and Mexico ($X), with a combined 76% share of total imports.

Among the main suppliers, China, with a CAGR of +6.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average test and measurement import price stood at $X per unit in 2021, declining by -28.4% against the previous year. Overall, the import price recorded a abrupt slump. The growth pace was the most rapid in 2016 when the average import price increased by 28%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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