Dominican Republic: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in the Dominican Republic

For the third consecutive year, the Dominican personal spectacle optics market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw a modest expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Personal Spectacle Optics Production in the Dominican Republic

In value terms, personal spectacle optics production fell rapidly to $X in 2022 estimated in export price. In general, production recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Personal spectacle optics production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Personal Spectacle Optics Exports

Exports from the Dominican Republic

Personal spectacle optics exports from the Dominican Republic reduced rapidly to X units in 2022, dropping by X% compared with the year before. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, personal spectacle optics exports shrank notably to $X in 2022. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for personal spectacle optics exports from the Dominican Republic, with a X% share of total exports. Moreover, personal spectacle optics exports to the United States exceeded the volume sent to the second major destination, Curacao (X units), twofold. The third position in this ranking was held by Haiti (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (X% per year) and Haiti (X% per year).

In value terms, the United States ($X) remains the key foreign market for personal spectacle optics exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Curacao ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (X% per year) and France (X% per year).

Export Prices by Country

The average personal spectacle optics export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Curacao ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Spectacle Optics Imports

Imports into the Dominican Republic

In 2022, approx. X units of personal spectacle optics were imported into the Dominican Republic; surging by X% compared with the previous year. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, personal spectacle optics imports surged to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of personal spectacle optics to the Dominican Republic, with a X% share of total imports. Moreover, personal spectacle optics imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was taken by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

In value terms, China ($X) constituted the largest supplier of personal spectacle optics to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average personal spectacle optics import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, recorded a sharp curtailment. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :