Dominican Republic: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in the Dominican Republic

The Dominican market for instruments for measuring electrical quantities rose slightly to $X in 2021, with an increase of 3.9% against the previous year. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.9% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Instruments for Measuring Electrical Quantities in the Dominican Republic

In value terms, instruments for measuring electrical quantities production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, saw buoyant growth. The growth pace was the most rapid in 2019 when the production volume increased by 43%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Instruments for Measuring Electrical Quantities

Exports from the Dominican Republic

In 2021, shipments abroad of instruments for measuring electrical quantities decreased by -65.2% to X units, falling for the fourth year in a row after two years of growth. In general, exports faced a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 66%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, instruments for measuring electrical quantities exports shrank rapidly to $X in 2021. Over the period under review, exports saw a mild descent. The most prominent rate of growth was recorded in 2014 when exports increased by 80% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for instruments for measuring electrical quantities exports from the Dominican Republic, with a 96% share of total exports. It was followed by Canada (X units), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -10.7%.

In value terms, the United States ($X) remains the key foreign market for instruments for measuring electrical quantities exports from the Dominican Republic, comprising 90% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

The average export price for instruments for measuring electrical quantities stood at $X per unit in 2021, increasing by 61% against the previous year. In general, the export price showed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+14.5%).

Imports of Instruments for Measuring Electrical Quantities

Imports into the Dominican Republic

In 2021, purchases abroad of instruments for measuring electrical quantities decreased by -9.1% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, instruments for measuring electrical quantities imports expanded significantly to $X in 2021. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 60%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Sweden (X units) were the main suppliers of instruments for measuring electrical quantities imports to the Dominican Republic, together accounting for 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of -2.3%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of instruments for measuring electrical quantities to the Dominican Republic, comprising 78% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Sweden, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.3% per year) and Sweden (-9.7% per year).

Import Prices by Country

The average import price for instruments for measuring electrical quantities stood at $X per unit in 2021, jumping by 21% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 95% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Panama (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :