Dominican Republic: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in the Dominican Republic

In 2022, the Dominican telephone apparatus market decreased by -20.1% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption, however, showed notable growth. Telephone apparatus consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Telephone Apparatus Exports

Exports from the Dominican Republic

In 2022, approx. X tons of telephone apparatus were exported from the Dominican Republic; remaining constant against 2021. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 260%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, telephone apparatus exports reached $X in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 626% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for telephone apparatus exports from the Dominican Republic, with a 17% share of total exports. Moreover, telephone apparatus exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+126.9% per year) and Hong Kong SAR (+15.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for telephone apparatus exports from the Dominican Republic, comprising 59% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total exports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+136.5% per year) and the United Arab Emirates (+246.5% per year).

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, increasing by 102% against the previous year. Over the period under review, the export price enjoyed a temperate expansion. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into the Dominican Republic

In 2022, the amount of telephone apparatus imported into the Dominican Republic declined dramatically to X tons, with a decrease of -24.7% compared with the year before. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 123% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, telephone apparatus imports rose modestly to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.0% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 28%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of telephone apparatus to the Dominican Republic, accounting for a 33% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was taken by Vietnam (X tons), with a 1.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.1% per year) and Vietnam (+28.4% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to the Dominican Republic, comprising 88% of total imports. The second position in the ranking was held by Vietnam ($X), with an 8.6% share of total imports. It was followed by the United States, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+66.3% per year) and the United States (-10.7% per year).

Import Prices by Country

The average telephone apparatus import price stood at $X per ton in 2021, reducing by -31.3% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 83%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+29.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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