Report Update Feb 1, 2025

Dominican Republic - Multimeters - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Multimeter Market 2025

Multimeter Market Size in the Dominican Republic

For the third consecutive year, the Dominican multimeter market recorded growth in sales value, which increased by 91% to $X in 2022. Overall, consumption recorded a remarkable increase. Multimeter consumption peaked in 2022 and is expected to retain growth in the near future.

Multimeter Exports

Exports from the Dominican Republic

In 2022, the amount of multimeters exported from the Dominican Republic fell to X units, waning by -1.8% on the year before. In general, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 657%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, multimeter exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2016 with an increase of 998% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Switzerland (X units) was the main destination for multimeter exports from the Dominican Republic, with a 58% share of total exports. Moreover, multimeter exports to Switzerland exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by Sweden (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.7% per year) and Sweden (0.0% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for multimeters exports from the Dominican Republic, comprising 81% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.3% share of total exports. It was followed by Sweden, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.1% per year) and Sweden (0.0% per year).

Export Prices by Country

In 2022, the average multimeter export price amounted to $X per unit, jumping by 229% against the previous year. Over the period under review, the export price, however, saw a slight downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Switzerland ($X per unit), while the average price for exports to Jamaica ($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 (-9.5%), while the prices for the other major destinations experienced a decline.

Multimeter Imports

Imports into the Dominican Republic

For the third consecutive year, the Dominican Republic recorded growth in supplies from abroad of multimeters, which increased by 46% to X units in 2022. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 243% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, multimeter imports soared to $X in 2022. Over the period under review, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and Mexico (X units) were the main suppliers of multimeter imports to the Dominican Republic, together comprising 92% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +28.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of multimeters to the Dominican Republic, comprising 71% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Germany, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.6% per year) and Germany (-16.4% per year).

Import Prices by Country

In 2022, the average multimeter import price amounted to $X per unit, growing by 102% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for multimeters in the world?

The countries with the highest volumes of multimeter consumption in 2020 were Hong Kong SAR, China and the U.S., together accounting for 53% of global consumption.

What are the largest producers of multimeters in the world?

China remains the largest multimeter producing country worldwide, comprising approx. 36% of total volume. Moreover, multimeter production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. The third position in this ranking was occupied by India, with a 7.6% share.

What are the leading suppliers of multimeters to the Dominican Republic?

In value terms, China, the U.S. and Spain appeared to be the largest multimeter suppliers to the Dominican Republic, together accounting for 85% of total imports. Guatemala, Mexico and Thailand lagged somewhat behind, together accounting for a further 11%.

What are the leading importers of multimeters from the Dominican Republic?

In value terms, the U.S. remains the key foreign market for multimeter exports from the Dominican Republic, comprising 95% of total exports. The second position in the ranking was occupied by Haiti $406), with a 4.4% share of total exports.

What is the average export price for multimeters in the Dominican Republic?

The average multimeter export price stood at $418 per unit in 2020, rising by 529% against the previous year.

What is the average import price for multimeters in the Dominican Republic?

The average multimeter import price stood at $13 per unit in 2020, increasing by 26% against the previous year.

This report provides an in-depth analysis of the multimeter market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26514310 - Multimeters

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024