Dominican Republic: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in the Dominican Republic

The Dominican market for mechanical appliances for projecting, dispersing or spraying soared to $X in 2022, with an increase of 115% 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 showed a significant expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from the Dominican Republic

In 2022, shipments abroad of mechanical appliances for projecting, dispersing or spraying decreased by -76% to X units, falling for the fourth consecutive year after four years of growth. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 393% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying fell sharply to $X in 2022. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 217% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Germany (X units) and the Czech Republic (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from the Dominican Republic, with a combined 69% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +2.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Germany ($X) and the Czech Republic ($X) were the largest markets for mechanical appliances for projecting, dispersing or spraying exported from the Dominican Republic worldwide, with a combined 66% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +4.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, picking up by 18% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mechanical appliances for projecting, dispersing or spraying decreased by -3.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 56% against the previous year. As a result, the export price reached the peak level of $X per unit; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Germany ($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 the Czech Republic (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into the Dominican Republic

In 2022, approx. X units of mechanical appliances for projecting, dispersing or spraying were imported into the Dominican Republic; increasing by 103% compared with the previous year. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 1,413% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying soared to $X in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 2,035% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Spain (X units), the United States (X units) and China (X units) were the main suppliers of imports of mechanical appliances for projecting, dispersing or spraying to the Dominican Republic, together accounting for 81% of total imports. Mexico, Colombia, South Korea and Italy lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +94.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to the Dominican Republic, comprising 41% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Spain, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+35.3% per year) and Spain (+41.3% per year).

Import Prices by Country

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, rising by 8% against the previous year. Overall, the import price, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2019 when the average import price increased by 47%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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