Report Update Nov 1, 2024

Dominican Republic - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Steam Turbine Market 2024

Steam Turbine Market Size in the Dominican Republic

In 2021, the Dominican steam turbine market decreased by -7.2% to $X for the first time since 2013, thus ending a seven-year rising trend. Over the period under review, consumption, however, enjoyed significant growth. Steam turbine consumption peaked at $X in 2020, and then declined in the following year.

Steam Turbine Production in the Dominican Republic

In value terms, steam turbine production shrank to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 15,609% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped slightly in the following year.

Steam Turbine Exports

Exports from the Dominican Republic

In 2021, exports of steam turbines and other vapor turbines from the Dominican Republic rose significantly to X units, increasing by 15% compared with 2020. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 1,089%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, steam turbine exports soared to $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 4,232% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for steam turbine exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +19.9%.

In value terms, the United States ($X) also remains the key foreign market for steam turbines and other vapor turbines exports from the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +35.5%.

Export Prices by Country

In 2021, the average steam turbine export price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of 430% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for Costa Rica amounted to +349.0% per year.

Steam Turbine Imports

Imports into the Dominican Republic

For the third year in a row, the Dominican Republic recorded decline in purchases abroad of steam turbines and other vapor turbines, which decreased by -58.3% to X units in 2021. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 1,508%. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, steam turbine imports fell to $X in 2021. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 1,430% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of steam turbine to the Dominican Republic, accounting for a 72% share of total imports. Moreover, steam turbine imports from Spain exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was held by the United States (X units), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.0% per year) and the United States (-19.8% per year).

In value terms, Japan ($X), the United States ($X) and Brazil ($X) constituted the largest steam turbine suppliers to the Dominican Republic, with a combined 100% share of total imports.

Japan, with a CAGR of +20.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average steam turbine import price amounted to $X per unit, with an increase of 125% against the previous year. Over the period under review, the import price posted significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+34.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for steam turbines and other vapor turbines in the world?

The countries with the highest volumes of in 2021 were China, India and Indonesia, with a combined 72% share of global consumption. These countries were followed by Sweden, Turkey, Germany, Japan and Mongolia, which together accounted for a further 16%.

What are the largest producers of steam turbines and other vapor turbines in the world?

The countries with the highest volumes of in 2021 were China, India and Sweden, together accounting for 82% of global production.

What are the leading suppliers of steam turbines and other vapor turbines to the Dominican Republic?

In value terms, Brazil constituted the largest supplier of steam turbine to the Dominican Republic, comprising 82% of total imports. The second position in the ranking was occupied by Japan, with a 4% share of total imports.

What are the leading importers of steam turbines and other vapor turbines from the Dominican Republic?

In value terms, the United States remains the key foreign market for steam turbine exports from the Dominican Republic.

What is the average export price for steam turbines and other vapor turbines in the Dominican Republic?

In 2021, the average steam turbine export price amounted to $5,756 per unit, waning by -19.7% against the previous year.

What is the average import price for steam turbines and other vapor turbines in the Dominican Republic?

In 2021, the average steam turbine import price amounted to $239 per unit, waning by -68.3% against the previous year.

This report provides an in-depth analysis of the steam turbine market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28112130 -
Prodcom 28112150 -

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023