Dominican Republic: Microscope Market 2025

Microscope Market Size in the Dominican Republic

The Dominican microscope market reduced to $X in 2021, shrinking by -8.6% 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 continues to indicate a deep setback. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Microscope Exports

Exports from the Dominican Republic

In 2021, microscope exports from the Dominican Republic skyrocketed to X units, growing by 100% on 2020. Overall, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, microscope exports skyrocketed to $X in 2021. In general, exports, however, showed a mild slump. The growth pace was the most rapid in 2016 when exports increased by 237%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) and Singapore (X units) were the main destinations of microscope exports from the Dominican Republic.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of 0.0%).

In value terms, the United States ($X) remains the key foreign market for microscopes and diffraction apparatus exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was held by Singapore ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +48.5%.

Export Prices by Country

In 2021, the average microscope export price amounted to $X per unit, which is down by -32.3% against the previous year. Overall, the export price faced a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 159% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-6.7%).

Microscope Imports

Imports into the Dominican Republic

In 2021, approx. X units of microscopes and diffraction apparatus were imported into the Dominican Republic; stabilizing at 2020 figures. Overall, imports showed a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 603% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, microscope imports declined modestly to $X in 2021. In general, imports recorded a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 337%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Canada (X units) were the main suppliers of microscope imports to the Dominican Republic, together comprising 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of -4.0%), while purchases for the other leaders experienced a decline.

In value terms, the largest microscope suppliers to the Dominican Republic were Italy ($X), the United States ($X) and China ($X), with a combined 79% share of total imports.

Italy, with a CAGR of -2.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average microscope import price amounted to $X per unit, shrinking by -3% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average import price increased by 52% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+108.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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