Dominican Republic: Spark Plug Market 2025

Spark Plug Market Size in the Dominican Republic

The Dominican spark plug market surged to $X in 2022, growing by 32% 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). Over the period under review, consumption enjoyed strong growth. Spark plug consumption peaked in 2022 and is likely to see gradual growth in years to come.

Spark Plug Exports

Exports from the Dominican Republic

In 2022, exports of sparking plugs from the Dominican Republic contracted markedly to X units, waning by -34% against the previous year. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 67,700%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, spark plug exports reduced markedly to $X in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 70,370%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X units) was the main destination for spark plug exports from the Dominican Republic, with a 94% share of total exports. Moreover, spark plug exports to Haiti exceeded the volume sent to the second major destination, Panama (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti amounted to +28.6%.

In value terms, Haiti ($X) remains the key foreign market for sparking plugs exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was taken by Panama ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to +36.6%.

Export Prices by Country

The average spark plug export price stood at $X per unit in 2022, rising by 6.6% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spark plug export price increased by +80.4% against 2016 indices. The growth pace was the most rapid in 2021 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Panama stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+33.3%).

Spark Plug Imports

Imports into the Dominican Republic

In 2022, the amount of sparking plugs imported into the Dominican Republic skyrocketed to X units, increasing by 23% compared with the previous year. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2019 when imports increased by 56%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, spark plug imports soared to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.6% 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 +81.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spark plug to the Dominican Republic, with a 42% share of total imports. Moreover, spark plug imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), twofold. The United States (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +39.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+12.8% per year) and the United States (+22.2% per year).

In value terms, China ($X), Thailand ($X) and Mexico ($X) were the largest spark plug suppliers to the Dominican Republic, with a combined 62% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +149.9%, saw 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 spark plug import price amounted to $X per unit, surging by 11% against the previous year. In general, the import price, however, saw a noticeable decrease. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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