Dominican Republic: Microwave Oven Market 2025

Microwave Oven Market Size in the Dominican Republic

The Dominican microwave oven market surged to $X in 2022, increasing by 40% 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 posted a buoyant increase. Microwave oven consumption peaked in 2022 and is likely to see gradual growth in years to come.

Microwave Oven Exports

Exports from the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in shipments abroad of microwave ovens, which decreased by -8.7% to X units in 2022. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 696% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, microwave oven exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 450%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X units) was the main destination for microwave oven exports from the Dominican Republic, accounting for a 62% share of total exports. Moreover, microwave oven exports to Haiti exceeded the volume sent to the second major destination, the United States (X units), threefold. Turks and Caicos Islands (X units) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.6% per year) and Turks and Caicos Islands (+26.0% per year).

In value terms, Haiti ($X) emerged as the key foreign market for microwave ovens exports from the Dominican Republic, comprising 63% of total exports. The second position in the ranking was taken by the United States ($X), with a 19% share of total exports. It was followed by Peru, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.1% per year) and Peru (0.0% per year).

Export Prices by Country

The average microwave oven export price stood at $X per unit in 2022, picking up by 13% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, microwave oven export price increased by +75.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 55% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Peru ($X per unit), while the average price for exports to Turks and Caicos Islands ($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 Haiti (+0.9%), while the prices for the other major destinations experienced a decline.

Microwave Oven Imports

Imports into the Dominican Republic

Microwave oven imports into the Dominican Republic surged to X units in 2022, picking up by 33% compared with the year before. Overall, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 61% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, microwave oven imports soared to $X in 2022. In general, imports saw a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 72% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest microwave oven supplier to the Dominican Republic, with a 85% share of total imports. Moreover, microwave oven imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), tenfold. Guatemala (X units) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+22.8% per year) and Guatemala (+112.9% per year).

In value terms, China ($X) constituted the largest supplier of microwave ovens to the Dominican Republic, comprising 72% of total imports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+27.5% per year) and the United States (+6.7% per year).

Import Prices by Country

The average microwave oven import price stood at $X per unit in 2022, picking up by 10% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 29%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

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 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 (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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