Dominican Republic: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in the Dominican Republic

For the fifth year in a row, the Dominican x-ray examination preparations market recorded growth in sales value, which increased by 6.8% to $X in 2022. Overall, consumption saw a relatively flat trend pattern. X-ray examination preparations consumption peaked in 2022 and is likely to see gradual growth in years to come.

X-Ray Examination Preparations Production in the Dominican Republic

In value terms, x-ray examination preparations production totaled $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The growth pace was the most rapid in 2016 when the production volume increased by 37%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

X-Ray Examination Preparations Exports

Exports from the Dominican Republic

In 2022, shipments abroad of opacifying preparations for x-ray examinations increased by 98% to X kg, rising for the second year in a row after three years of decline. In general, exports, however, recorded a dramatic descent. The pace of growth was the most pronounced in 2017 with an increase of 149,850% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, x-ray examination preparations exports soared to $X in 2022. Overall, exports, however, saw a precipitous decline. The pace of growth appeared the most rapid in 2017 with an increase of 39,646% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Cayman Islands (X kg) was the main destination for x-ray examination preparations exports from the Dominican Republic, accounting for a 52% share of total exports. Moreover, x-ray examination preparations exports to Cayman Islands exceeded the volume sent to the second major destination, the United States (X kg), fourfold. Jamaica (X kg) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Cayman Islands amounted to +58.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+34.1% per year) and Jamaica (-71.0% per year).

In value terms, the largest markets for x-ray examination preparations exported from the Dominican Republic were Jamaica ($X), Cayman Islands ($X) and the United States ($X), with a combined 100% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +134.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average x-ray examination preparations export price amounted to $X per ton, growing by 261% against the previous year. In general, the export price saw significant growth. The pace of growth was the most pronounced in 2015 an increase of 564%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 Jamaica ($X per ton), while the average price for exports to Curacao ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+304.4%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Examination Preparations Imports

Imports into the Dominican Republic

In 2022, approx. X tons of opacifying preparations for x-ray examinations were imported into the Dominican Republic; growing by 55% compared with the year before. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 130% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, x-ray examination preparations imports skyrocketed to $X in 2022. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 112%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of x-ray examination preparations imports to the Dominican Republic, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +120.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest x-ray examination preparations suppliers to the Dominican Republic, with a combined 77% share of total imports.

Among the main suppliers, Germany, with a CAGR of +120.3%, saw the highest rates of growth with regard to 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

The average x-ray examination preparations import price stood at $X per ton in 2022, surging by 8.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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