Dominican Republic: Video Projector Market 2024

Video Projector Market Size in the Dominican Republic

The Dominican video projector market surged to $X in 2021, growing by 126% 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). Overall, consumption continues to indicate a strong expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Video Projector Exports

Exports from the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in overseas shipments of video projectors, which decreased by -44.4% to X units in 2021. Over the period under review, exports, however, saw a slight increase. The pace of growth was the most pronounced in 2015 when exports increased by 643%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, video projector exports reduced rapidly to $X in 2021. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 1,754% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) and Haiti (X units) were the main destinations of video projector exports from the Dominican Republic. Moreover, video projector exports in the United States exceeded the figures recorded by the second-largest exporter, Haiti, twofold.

From 2012 to 2021, the biggest increases were recorded for Haiti (with a CAGR of -9.0%).

In value terms, Haiti ($X) and the United States ($X) constituted the largest markets for video projector exported from the Dominican Republic worldwide.

Haiti, with a CAGR of -2.9%, 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.

Export Prices by Country

In 2021, the average video projector export price amounted to $X per unit, increasing by 50% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 an increase of 150%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, 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 Haiti ($X per unit), while the average price for exports to the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+61.4%), while the prices for the other major destinations experienced more modest paces of growth.

Video Projector Imports

Imports into the Dominican Republic

In 2021, the amount of video projectors imported into the Dominican Republic soared to X units, increasing by 144% compared with the previous year's figure. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 366%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, video projector imports surged to $X in 2021. Over the period under review, imports recorded a slight increase. The pace of growth was the most pronounced in 2019 when imports increased by 114%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest video projector supplier to the Dominican Republic, with a 15% share of total imports. Moreover, video projector imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Italy (X units) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.8% per year) and Italy (+9.5% per year).

In value terms, China ($X) constituted the largest supplier of video projectors to the Dominican Republic, comprising 33% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Italy, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.4% per year) and Italy (+16.9% per year).

Import Prices by Country

In 2021, the average video projector import price amounted to $X per unit, falling by -22.6% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 25% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 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 Italy ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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