Dominican Republic: Vehicle Windscreen Wiper Market 2024

Vehicle Windscreen Wiper Market Size in the Dominican Republic

The Dominican vehicle windscreen wiper market skyrocketed to $X in 2021, growing by 150% 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). In general, consumption showed a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vehicle Windscreen Wiper Exports

Exports from the Dominican Republic

For the third year in a row, the Dominican Republic recorded growth in overseas shipments of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles, which increased by 61% to X units in 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 4,440% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, vehicle windscreen wiper exports surged to $X in 2021. Overall, exports posted significant growth. The growth pace was the most rapid in 2017 with an increase of 4,552% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Haiti (X units) was the main destination for vehicle windscreen wiper exports from the Dominican Republic, accounting for a 99% share of total exports. It was followed by Cuba (X units), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Haiti totaled +419.3%.

In value terms, Haiti ($X) remains the key foreign market for windscreen wipers, defrosters and demisters for motorcycles or motor vehicles exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was held by Guatemala ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Haiti stood at +125.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+3.5% per year) and Cuba (-12.2% per year).

Export Prices by Country

In 2021, the average vehicle windscreen wiper export price amounted to $X per unit, picking up by 2.7% against the previous year. In general, export price indicated a resilient expansion from 2017 to 2021: its price increased at an average annual rate of +14.3% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vehicle windscreen wiper export price decreased by -4.9% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 77%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Cuba totaled $X per unit.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+219.4%).

Vehicle Windscreen Wiper Imports

Imports into the Dominican Republic

In 2021, the amount of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles imported into the Dominican Republic surged to X units, jumping by 186% against 2020. In general, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vehicle windscreen wiper imports surged to $X in 2021. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 64% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of vehicle windscreen wiper to the Dominican Republic, accounting for a 91% share of total imports. It was followed by the United States (X units), with a 2.8% share of total imports. Mexico (X units) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.5% per year) and Mexico (+22.2% per year).

In value terms, China ($X) constituted the largest supplier of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles to the Dominican Republic, comprising 57% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by Mexico, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.0% per year) and Mexico (+4.7% per year).

Import Prices by Country

The average vehicle windscreen wiper import price stood at $X per unit in 2021, waning by -54.1% against the previous year. Overall, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by 158% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a 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 the United States ($X per unit), while the price for China ($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 (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :