Dominican Republic: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in the Dominican Republic

In 2022, the Dominican market for non-domestic percolators and equipment for cooking or heating food was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption recorded significant growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from the Dominican Republic

In 2022, the amount of non-domestic percolators and equipment for cooking or heating food exported from the Dominican Republic skyrocketed to X units, increasing by 34% on the previous year's figure. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 340%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food totaled $X in 2022. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 258%. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for exports of non-domestic percolators and equipment for cooking or heating food from the Dominican Republic, accounting for a 69% share of total exports. Moreover, exports of non-domestic percolators and equipment for cooking or heating food to the United States exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by Haiti (X units), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Haiti (+18.9% per year).

In value terms, the United States ($X) emerged as the key foreign market for non-domestic percolators and equipment for cooking or heating food exports from the Dominican Republic, comprising 81% of total exports. The second position in the ranking was held by Haiti ($X), with a 19% share of total exports. It was followed by Turks and Caicos Islands, with a 0.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+5.6% per year) and Turks and Caicos Islands (-5.0% per year).

Export Prices by Country

The average export price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2022, falling by -24.9% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 26%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Germany ($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 Cuba (+50.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into the Dominican Republic

In 2022, imports of non-domestic percolators and equipment for cooking or heating food into the Dominican Republic skyrocketed to X units, jumping by 107% on the previous year's figure. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 149%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food skyrocketed to $X in 2022. Over the period under review, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 131%. Over the period under review, imports of hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-domestic percolators and equipment for cooking or heating food to the Dominican Republic, with a 72% share of total imports. Moreover, imports of non-domestic percolators and equipment for cooking or heating food from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. The third position in this ranking was taken by Italy (X units), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +101.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.8% per year) and Italy (+10.6% per year).

In value terms, the largest non-domestic percolators and equipment for cooking or heating food suppliers to the Dominican Republic were the United States ($X), China ($X) and Spain ($X), together accounting for 71% of total imports.

In terms of the main suppliers, China, with a CAGR of +57.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, declining by -13.9% against the previous year. Over the period under review, the import price saw a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 61% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average 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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform