Dominican Republic: Laundry Machine Market 2024

Laundry Machine Market Size in the Dominican Republic

The Dominican laundry machine market contracted significantly to $X in 2021, which is down by -58.9% against the previous year. Over the period under review, consumption recorded a abrupt curtailment. Laundry machine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Laundry Machine Production in the Dominican Republic

In value terms, laundry machine production expanded to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -43.6% against 2014 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 64%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Laundry Machine Exports

Exports from the Dominican Republic

After six years of decline, shipments abroad of washing, bleaching or dyeing machines increased by 1,639% to X units in 2021. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, laundry machine exports surged to $X in 2021. Over the period under review, exports enjoyed significant growth. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X units) was the main destination for laundry machine exports from the Dominican Republic, with a 98% share of total exports. It was followed by Haiti (X units), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to El Salvador totaled +43.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+12.7% per year) and the United States (-14.7% per year).

In value terms, El Salvador ($X) remains the key foreign market for washing, bleaching or dyeing machines exports from the Dominican Republic, comprising 68% of total exports. The second position in the ranking was taken by Haiti ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value to El Salvador stood at +30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+69.3% per year) and the United States (-20.7% per year).

Export Prices by Country

The average laundry machine export price stood at $X per unit in 2021, falling by -2.4% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 106% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Haiti ($X per unit), while the average price for exports to El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+50.1%), while the prices for the other major destinations experienced a decline.

Laundry Machine Imports

Imports into the Dominican Republic

In 2021, laundry machine imports into the Dominican Republic soared to X units, with an increase of 23% against 2020. In general, imports posted strong growth. The growth pace was the most rapid in 2017 with an increase of 525%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, laundry machine imports skyrocketed to $X in 2021. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 570%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of laundry machine to the Dominican Republic, with a 63% share of total imports. Moreover, laundry machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was taken by the United States (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.7% per year) and the United States (-7.1% per year).

In value terms, the largest laundry machine suppliers to the Dominican Republic were China ($X), Germany ($X) and the United States ($X), with a combined 67% share of total imports.

China, with a CAGR of +50.4%, 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 more modest paces of growth.

Import Prices by Country

The average laundry machine import price stood at $X per unit in 2021, growing by 74% against the previous year. In general, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 77% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Germany ($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 (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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