Dominican Republic: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in the Dominican Republic

The Dominican non-electronic hydro- and hygrometers market skyrocketed to $X in 2021, growing by 770% 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). In general, consumption recorded a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from the Dominican Republic

In 2021, non-electronic hydro- and hygrometers exports from the Dominican Republic shrank significantly to X units, with a decrease of -58.4% compared with the previous year's figure. Overall, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2019 with an increase of 1,965%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers exports dropped rapidly to $X in 2021. In general, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 360% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Switzerland (X units) and Guatemala (X units) were the main destinations of non-electronic hydro- and hygrometers exports from the Dominican Republic, with a combined 83% share of total exports. Japan and Germany lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +26.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for non-electronic hydro-, hygro-, psychrometers exports from the Dominican Republic, comprising 75% of total exports. The second position in the ranking was held by Switzerland ($X), with a 15% share of total exports. It was followed by Guatemala, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (0.0% per year) and Guatemala (0.0% per year).

Export Prices by Country

In 2021, the average non-electronic hydro- and hygrometers export price amounted to $X per unit, with an increase of 92% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 269% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 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, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+98.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into the Dominican Republic

In 2021, imports of non-electronic hydro-, hygro-, psychrometers into the Dominican Republic soared to X units, with an increase of 898% against the previous year. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electronic hydro- and hygrometers imports surged to $X in 2021. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) was the main non-electronic hydro- and hygrometers supplier to the Dominican Republic, with a 92% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +71.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+43.5% per year) and Germany (+15.7% per year).

In value terms, the United States ($X) constituted the largest supplier of non-electronic hydro-, hygro-, psychrometers to the Dominican Republic, comprising 89% of total imports. The second position in the ranking was held by China ($X), with a 5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +57.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+33.2% per year) and Germany (+13.7% per year).

Import Prices by Country

The average non-electronic hydro- and hygrometers import price stood at $X per unit in 2021, with a decrease of -21.6% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 55% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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