Dominican Republic: Vapour Generating Boiler Market 2025

Vapour Generating Boiler Market Size in the Dominican Republic

The Dominican vapour generating boiler market skyrocketed to $X in 2021, picking up by 19% 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 recorded a tangible expansion. Vapour generating boiler consumption peaked at $X in 2013; afterwards, it flattened through to 2021.

Vapour Generating Boiler Exports

Exports from the Dominican Republic

After three years of decline, overseas shipments of vapour generating boilers increased by 106% to X tons in 2021. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 3,338% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, vapour generating boiler exports soared to $X in 2021. Overall, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 1,704%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X kg), Haiti (X kg) and Turks and Caicos Islands (X kg) were the main destinations of vapour generating boiler exports from the Dominican Republic, together comprising 69% of total exports.

From 2012 to 2021, the biggest increases were recorded for Turks and Caicos Islands (with a CAGR of +16.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Haiti ($X), Italy ($X) and Turks and Caicos Islands ($X) were the largest markets for vapour generating boiler exported from the Dominican Republic worldwide, together comprising 73% of total exports.

Turks and Caicos Islands, with a CAGR of +13.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average vapour generating boiler export price stood at $X per ton in 2021, which is down by -8% against the previous year. In general, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of 76%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Haiti ($X per ton), while the average price for exports to Turks and Caicos Islands ($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 Haiti (+1.8%), while the prices for the other major destinations experienced a decline.

Vapour Generating Boiler Imports

Imports into the Dominican Republic

In 2021, approx. X tons of vapour generating boilers were imported into the Dominican Republic; with an increase of 9.9% on 2020. Overall, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 139%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, vapour generating boiler imports soared to $X in 2021. In general, imports showed a tangible expansion. The pace of growth was the most pronounced in 2017 when imports increased by 224% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Switzerland (X tons) constituted the largest supplier of vapour generating boiler to the Dominican Republic, with a 53% share of total imports. Moreover, vapour generating boiler imports from Switzerland exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Brazil (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Switzerland totaled +149.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+28.4% per year) and Brazil (+22.4% per year).

In value terms, Switzerland ($X) constituted the largest supplier of vapour generating boilers to the Dominican Republic, comprising 44% of total imports. The second position in the ranking was taken by Brazil ($X), with a 21% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland amounted to +138.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+27.4% per year) and the United States (+23.5% per year).

Import Prices by Country

In 2021, the average vapour generating boiler import price amounted to $X per ton, rising by 12% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2017 when the average import price increased by 36%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+499.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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