Dominican Republic: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in the Dominican Republic

In 2022, the Dominican market for window or wall air conditioning systems, self-contained or split-systems was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from the Dominican Republic

Exports of window or wall air conditioning systems, self-contained or split-systems from the Dominican Republic shrank rapidly to X units in 2022, with a decrease of -78.1% on the year before. Over the period under review, exports faced a abrupt decline. The growth pace was the most rapid in 2016 when exports increased by 239% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems dropped notably to $X in 2022. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 194% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for exports of window or wall air conditioning systems, self-contained or split-systems from the Dominican Republic, with a 61% share of total exports. Moreover, exports of window or wall air conditioning systems, self-contained or split-systems to the United States exceeded the volume sent to the second major destination, Haiti (X units), threefold. Turks and Caicos Islands (X units) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-11.6% per year) and Turks and Caicos Islands (+17.6% per year).

In value terms, the United States ($X) emerged as the key foreign market for window or wall air conditioning systems, self-contained or split-systems exports from the Dominican Republic, comprising 52% of total exports. The second position in the ranking was held by Haiti ($X), with a 25% share of total exports. It was followed by Turks and Caicos Islands, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-8.5% per year) and Turks and Caicos Islands (+25.1% per year).

Export Prices by Country

The average export price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, surging by 137% against the previous year. Over the period under review, the export price saw a modest expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saint Vincent and the Grenadines ($X per unit), while the average price for exports to Aruba ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turks and Caicos Islands (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into the Dominican Republic

After three years of decline, purchases abroad of window or wall air conditioning systems, self-contained or split-systems increased by 40% to X units in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 45%. Over the period under review, imports of attained the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems skyrocketed to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main window, wall, or split air conditioning system supplier to the Dominican Republic, with a 97% share of total imports. It was followed by the United States (X units), with a 0.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-23.1% per year) and Malaysia (-55.5% per year).

In value terms, China ($X) constituted the largest supplier of window or wall air conditioning systems, self-contained or split-systems to the Dominican Republic, comprising 87% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.5% per year) and Malaysia (-59.1% per year).

Import Prices by Country

The average import price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, growing by 8.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2014 an increase of 15% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+25.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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