Dominican Republic - Electric Radiators And Convection Heaters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Radiator Price in the Dominican Republic - 2023
Contents:
- Electric Radiator Price in the Dominican Republic (CIF) - 2022
- Electric Radiator Price in the Dominican Republic (FOB) - 2022
- Electric Radiator Imports in the Dominican Republic
- Electric Radiator Exports in the Dominican Republic
Electric Radiator Price in the Dominican Republic (CIF) - 2022
In 2022, the average electric radiator import price amounted to $8.7 per unit, falling by -16.8% against the previous year. Overall, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2015 when the average import price decreased by -4.3%. Over the period under review, average import prices reached the peak figure at $29 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 ($141 per unit), while the price for China totaled $5.8 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.7%).
Electric Radiator Price in the Dominican Republic (FOB) - 2022
The average electric radiator export price stood at $17 per unit in 2022, jumping by 106% against the previous year. In general, the export price, however, faced a sharp decrease. Over the period under review, the average export prices hit record highs at $479 per unit in 2013; however, from 2014 to 2022, 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 British Virgin Islands ($138 per unit), while the average price for exports to Chile ($5 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 British Virgin Islands (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Radiator Imports in the Dominican Republic
For the fourth consecutive year, the Dominican Republic recorded growth in overseas purchases of electric radiators and convection heaters, which increased by 11% to 103K units in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 187%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, electric radiator imports dropped to $902K in 2022. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. As a result, imports reached the peak of $981K, and then contracted in the following year.
| Import of Electric Radiator in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 217 | 221 | 589 | 686 | 46.8% |
| Others | 333 | 319 | 392 | 216 | -13.4% |
| Total | 550 | 540 | 981 | 902 | 17.9% |
Top Suppliers of Electric Radiator to the Dominican Republic in 2022:
- China (117.9K units)
Electric Radiator Exports in the Dominican Republic
In 2022, overseas shipments of electric radiators and convection heaters decreased by -70.1% to 168 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 325%. As a result, the exports attained the peak of 561 units, and then dropped dramatically in the following year.
In value terms, electric radiator exports declined markedly to $2.9K in 2022. Overall, exports continue to indicate a deep setback. The smallest decline of -5.5% was in 2020. Over the period under review, the exports hit record highs at $5.3K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electric Radiator in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 200 | 40.0 | 1,249 | 982 | 70.0% |
| British Virgin Islands | N/A | 784 | N/A | 830 | 2.9% |
| Haiti | 1,278 | 1,701 | 2,082 | 383 | -33.1% |
| Chile | N/A | N/A | N/A | 270 | 0% |
| Mexico | N/A | 70.0 | 60.0 | 120 | 30.9% |
| Canada | N/A | N/A | N/A | 60.0 | 0% |
| Colombia | N/A | N/A | N/A | 60.0 | 0% |
| Cuba | 3,760 | 2,210 | 850 | 60.0 | -74.8% |
| Ecuador | N/A | N/A | 30.0 | N/A | 0% |
| Venezuela | N/A | 50.0 | 152 | N/A | 204.0% |
| Switzerland | N/A | N/A | 92.0 | N/A | 0% |
| France | N/A | N/A | 150 | N/A | 0% |
| Others | 100 | 192 | 60.0 | 149 | 14.2% |
| Total | 5,338 | 5,047 | 4,725 | 2,914 | -18.3% |
Top Export Markets for Electric Radiator from the Dominican Republic in 2022:
- Chile (54.0 units)
- United States (32.0 units)
- Haiti (8.0 units)
- British Virgin Islands (6.0 units)
- Mexico (5.0 units)
- Canada (2.0 units)
- Colombia (2.0 units)
- Cuba (2.0 units)
This report provides an in-depth analysis of the electric radiator market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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