Dominican Republic: Starter Battery Market 2025

Starter Battery Market Size in the Dominican Republic

The Dominican starter battery market rose significantly to $X in 2022, surging by 12% 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). The market value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Starter battery consumption peaked in 2022 and is likely to continue growth in years to come.

Starter Battery Exports

Exports from the Dominican Republic

In 2022, exports of lead-acid accumulators for starting piston engines from the Dominican Republic dropped to X units, waning by -12.8% compared with the year before. In general, exports, however, recorded noticeable growth. The pace of growth was the most pronounced in 2014 when exports increased by 168%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, starter battery exports soared to $X in 2022. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2014 when exports increased by 179% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X units) was the main destination for starter battery exports from the Dominican Republic, with a 100% share of total exports. It was followed by the United States (X units), with a 0.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Haiti totaled +49.8%.

In value terms, Haiti ($X) remains the key foreign market for lead-acid accumulators for starting piston engines exports from the Dominican Republic, comprising 97% of total exports. The second position in the ranking was held by the United States ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Haiti totaled +37.1%.

Export Prices by Country

The average starter battery export price stood at $X per unit in 2022, rising by 51% against the previous year. Overall, the export price, however, saw a deep reduction. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Haiti totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.

Starter Battery Imports

Imports into the Dominican Republic

In 2022, overseas purchases of lead-acid accumulators for starting piston engines increased by 15% to X units, rising for the fifth year in a row after two years of decline. In general, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +83.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 44% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, starter battery imports stood at $X in 2022. The total import value increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 30%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of starter battery to the Dominican Republic, accounting for a 39% share of total imports. Moreover, starter battery imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), threefold. The third position in this ranking was held by Turkey (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+2.2% per year) and Turkey (+82.8% per year).

In value terms, Mexico ($X), the United States ($X) and South Korea ($X) were the largest starter battery suppliers to the Dominican Republic, with a combined 61% share of total imports. Brazil, Colombia, Turkey, China, Ecuador and Trinidad and Tobago lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, Turkey, with a CAGR of +75.3%, saw the highest growth rate of 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

In 2022, the average starter battery import price amounted to $X per unit, which is down by -5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 56% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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