Dominican Republic: Wire And Cable Market 2025

Wire And Cable Market Size in the Dominican Republic

The Dominican wire and cable market soared to $X in 2021, jumping by 71% 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 temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wire And Cable Exports

Exports from the Dominican Republic

In 2021, the amount of insulated wire and cable exported from the Dominican Republic shrank remarkably to X tons, which is down by -28.1% on 2020. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 146% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, wire and cable exports contracted dramatically to $X in 2021. Overall, exports, however, continue to indicate perceptible growth. The growth pace was the most rapid in 2014 with an increase of 94%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Haiti (X tons) and Canada (X tons) were the main destinations of wire and cable exports from the Dominican Republic, with a combined 81% share of total exports. These countries were followed by Thailand, El Salvador and Mexico, which together accounted for a further 6.9%.

From 2012 to 2021, the biggest increases were recorded for El Salvador (with a CAGR of +160.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for insulated wire and cable exports from the Dominican Republic, comprising 41% of total exports. The second position in the ranking was taken by Canada ($X), with a 19% share of total exports. It was followed by Thailand, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+43.8% per year) and Thailand (-8.8% per year).

Export Prices by Country

In 2021, the average wire and cable export price amounted to $X per ton, surging by 7% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2015 an increase of 65% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Haiti ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into the Dominican Republic

In 2021, the amount of insulated wire and cable imported into the Dominican Republic soared to X tons, jumping by 35% on the previous year. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable imports surged to $X in 2021. Overall, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Costa Rica (X tons) and the United States (X tons) were the main suppliers of wire and cable imports to the Dominican Republic, with a combined 72% share of total imports. Spain, Mexico, Trinidad and Tobago and Brazil lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), the United States ($X) and China ($X) constituted the largest wire and cable suppliers to the Dominican Republic, together accounting for 75% of total imports.

Costa Rica, with a CAGR of +11.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2021, picking up by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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