Dominican Republic: Market for Vacuum Cleaners With Motor 2024

Market Size for Vacuum Cleaners With Motor in the Dominican Republic

The Dominican vacuum cleaner with motor market rose rapidly to $X in 2021, surging by 6.9% 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, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.4% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Exports of Vacuum Cleaners With Motor

Exports from the Dominican Republic

In 2021, approx. X kg of vacuum cleaners with motor were exported from the Dominican Republic; picking up by 115% compared with the year before. Over the period under review, exports showed noticeable growth. The growth pace was the most rapid in 2017 when exports increased by 228%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, vacuum cleaner with motor exports soared to $X in 2021. Overall, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 182%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X kg), Guatemala (X kg) and Switzerland (X kg) were the main destinations of vacuum cleaner with motor exports from the Dominican Republic, with a combined 70% share of total exports. These countries were followed by Jamaica, Haiti, Bangladesh, India, Brazil, Canada, Costa Rica and Honduras, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +18.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for vacuum cleaners with motor exports from the Dominican Republic, comprising 48% of total exports. The second position in the ranking was held by Haiti ($X), with a 23% share of total exports. It was followed by Switzerland, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+15.8% per year) and Switzerland (0.0% per year).

Export Prices by Country

In 2021, the average vacuum cleaner with motor export price amounted to $X per ton, picking up by 19% against the previous year. Overall, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 an increase of 157%. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to India ($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 Venezuela (+63.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into the Dominican Republic

After two years of decline, supplies from abroad of vacuum cleaners with motor increased by 8.5% to X tons in 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 37%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, vacuum cleaner with motor imports reached $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.0% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 49% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of vacuum cleaner with motor imports to the Dominican Republic, together comprising 82% of total imports. Mexico, Germany, Romania, Spain and Panama lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +14.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of vacuum cleaners with motor to the Dominican Republic, comprising 54% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by Germany, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.9% per year) and Germany (+8.1% per year).

Import Prices by Country

In 2021, the average vacuum cleaner with motor import price amounted to $X per ton, waning by -2.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Panama ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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