Dominican Republic: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in the Dominican Republic

The Dominican market for spray guns and similar appliances fell to $X in 2022, shrinking by -2% 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, however, enjoyed a remarkable increase. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Exports of Spray Guns And Similar Appliances

Exports from the Dominican Republic

Spray guns and similar appliances exports from the Dominican Republic reduced notably to X units in 2022, with a decrease of -80% against the previous year. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 14,926% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, spray guns and similar appliances exports fell dramatically to $X in 2022. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by 7,667%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X units) was the main destination for spray guns and similar appliances exports from the Dominican Republic, with a 47% share of total exports. Moreover, spray guns and similar appliances exports to Haiti exceeded the volume sent to the second major destination, Turks and Caicos Islands (X units), threefold. Saint Vincent and the Grenadines (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti stood at +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+15.6% per year) and Saint Vincent and the Grenadines (0.0% per year).

In value terms, Haiti ($X) remains the key foreign market for spray guns and similar appliances exports from the Dominican Republic, comprising 37% of total exports. The second position in the ranking was held by France ($X), with a 15% share of total exports. It was followed by Saint Vincent and the Grenadines, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to Haiti totaled +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-29.8% per year) and Saint Vincent and the Grenadines (0.0% per year).

Export Prices by Country

The average export price for spray guns and similar appliances stood at $X per unit in 2022, rising by 24% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 279%. The export price peaked at $X per unit in 2015; however, from 2016 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 Saint Lucia (less than $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 United States (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports into the Dominican Republic

Spray guns and similar appliances imports into the Dominican Republic declined slightly to X units in 2022, approximately mirroring 2021 figures. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 95% against the previous year. Imports peaked at X units in 2021, and then declined slightly in the following year.

In value terms, spray guns and similar appliances imports contracted to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 89% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spray guns and similar appliances to the Dominican Republic, with a 53% share of total imports. Moreover, spray guns and similar appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Mexico (X units) ranked third in terms of total imports with a 19% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +28.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.5% per year) and Mexico (+19.9% per year).

In value terms, the largest spray guns and similar appliances suppliers to the Dominican Republic were China ($X), the United States ($X) and Mexico ($X), together comprising 85% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +15.5%, 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 import price for spray guns and similar appliances amounted to $X per unit, dropping by -3.2% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of 18%. The import price peaked 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 Spain ($X per unit), while the price for El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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