Dominican Republic: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2025

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in the Dominican Republic

The Dominican market for iron or steel gas domestic cooking appliances and plate warmers fell significantly to $X in 2022, shrinking by -23.7% 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). Overall, consumption, however, recorded buoyant growth. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports from the Dominican Republic

In 2022, overseas shipments of iron or steel gas domestic cooking appliances and plate warmers increased by 1,154% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers skyrocketed to $X in 2022. In general, exports, however, saw a abrupt curtailment. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X units) was the main destination for exports of iron or steel gas domestic cooking appliances and plate warmers from the Dominican Republic, accounting for a 68% share of total exports. Moreover, exports of iron or steel gas domestic cooking appliances and plate warmers to Haiti exceeded the volume sent to the second major destination, Jamaica (X units), sixfold. The third position in this ranking was taken by Guyana (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+371.8% per year) and Guyana (-0.8% per year).

In value terms, Haiti ($X) remains the key foreign market for iron or steel gas domestic cooking appliances and plate warmers exports from the Dominican Republic, comprising 75% of total exports. The second position in the ranking was held by Guyana ($X), with an 8.9% share of total exports. It was followed by Jamaica, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (-7.1% per year) and Jamaica (+283.1% per year).

Export Prices by Country

The average export price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, with an increase of 2.4% against the previous year. Overall, the export price, however, saw a deep slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 15% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Curacao ($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 Curacao (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports into the Dominican Republic

After two years of growth, overseas purchases of iron or steel gas domestic cooking appliances and plate warmers decreased by -41.8% to X units in 2022. Over the period under review, imports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 176% against the previous year. As a result, imports reached the peak of X units, and then contracted notably in the following year.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers reduced to $X in 2022. Overall, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 94% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest iron or steel gas domestic cooking appliances and plate warmers supplier to the Dominican Republic, accounting for a 67% share of total imports. Moreover, imports of iron or steel gas domestic cooking appliances and plate warmers from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fivefold. Ecuador (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+3.3% per year) and Ecuador (+7.8% per year).

In value terms, the largest iron or steel gas domestic cooking appliances and plate warmers suppliers to the Dominican Republic were Mexico ($X), China ($X) and the United States ($X), together comprising 81% of total imports. Ecuador and Colombia lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, Colombia, with a CAGR of +21.3%, saw 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 import price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, growing by 56% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform