Dominican Republic: Non-Enclosed Loudspeakers Market 2025

Non-Enclosed Loudspeakers Market Size in the Dominican Republic

The Dominican non-enclosed loudspeakers market skyrocketed to $X in 2021, jumping 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). Over the period under review, consumption recorded strong growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Non-Enclosed Loudspeakers Exports

Exports from the Dominican Republic

In 2021, the amount of loudspeakers (not in enclosure) exported from the Dominican Republic shrank rapidly to X units, with a decrease of -44.9% compared with the previous year's figure. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 476%. The exports peaked at X units in 2020, and then dropped notably in the following year.

In value terms, non-enclosed loudspeakers exports contracted markedly to $X in 2021. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2014 with an increase of 1,273%. Over the period under review, the exports reached the peak figure at $X in 2020, and then declined significantly in the following year.

Exports by Country

The United States (X units), Spain (X units) and Jamaica (X units) were the main destinations of non-enclosed loudspeakers exports from the Dominican Republic, together comprising 86% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +166.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-enclosed loudspeakers exported from the Dominican Republic were the United States ($X), Spain ($X) and Haiti ($X), together accounting for 94% of total exports.

Spain, with a CAGR of +190.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-enclosed loudspeakers export price stood at $X per unit in 2021, increasing by 12% against the previous year. Overall, the export price saw significant growth. The growth pace was the most rapid in 2014 when the average export price increased by 138% 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 country of destination: the country with the highest price was Haiti ($X per unit), while the average price for exports to Turks and Caicos Islands ($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 the United States (+39.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports into the Dominican Republic

In 2021, the amount of loudspeakers (not in enclosure) imported into the Dominican Republic soared to X units, increasing by 18% compared with 2020 figures. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 112%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, non-enclosed loudspeakers imports soared to $X in 2021. In general, imports recorded a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 149%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of non-enclosed loudspeakers to the Dominican Republic, with a 96% share of total imports. It was followed by the United States (X units), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +13.9%.

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to the Dominican Republic, comprising 90% of total imports. The second position in the ranking was held by the United States ($X), with a 6.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +18.9%.

Import Prices by Country

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, rising by 16% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-enclosed loudspeakers import price decreased by -9.3% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 51% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+19.2%).

Source: IndexBox Platform

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