Dominican Republic: Refrigerator And Freezer Market 2025

Refrigerator And Freezer Market Size in the Dominican Republic

The Dominican refrigerator and freezer market declined modestly to $X in 2022, with a decrease of X% 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). Overall, the total consumption indicated prominent 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. Based on 2022 figures, consumption increased by X% against 2018 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Refrigerator And Freezer Exports

Exports from the Dominican Republic

After three years of decline, shipments abroad of refrigerators and freezers increased by X% to X units in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, refrigerator and freezer exports surged to $X in 2022. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turks and Caicos Islands (X units) was the main destination for refrigerator and freezer exports from the Dominican Republic, with a X% share of total exports. Moreover, refrigerator and freezer exports to Turks and Caicos Islands exceeded the volume sent to the second major destination, Cuba (X units), more than tenfold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turks and Caicos Islands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and the United States (X% per year).

In value terms, Turks and Caicos Islands ($X) emerged as the key foreign market for refrigerators and freezers exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Cuba ($X), with a X% share of total exports. It was followed by Haiti, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turks and Caicos Islands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and Haiti (X% per year).

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while the average price for exports to the United States ($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 Turks and Caicos Islands (X%), while the prices for the other major destinations experienced a decline.

Refrigerator And Freezer Imports

Imports into the Dominican Republic

Refrigerator and freezer imports into the Dominican Republic contracted notably to X units in 2022, reducing by X% against the previous year. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, refrigerator and freezer imports amounted to $X in 2022. Overall, total imports indicated a buoyant increase 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. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Colombia (X units) and Mexico (X units) were the main suppliers of refrigerator and freezer imports to the Dominican Republic, with a combined X% 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 Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Colombia ($X) and Mexico ($X) appeared to be the largest refrigerator and freezer suppliers to the Dominican Republic, together accounting for X% of total imports.

Among the main suppliers, Colombia, with a CAGR of X%, 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

In 2022, the average refrigerator and freezer import price amounted to $X per unit, jumping by X% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price 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. Based on 2022 figures, refrigerator and freezer import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the United States ($X per unit), while the price for Costa Rica ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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