Dominican Republic - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMobile Phone Price in the Dominican Republic - 2023
Contents:
- Mobile Phone Price in the Dominican Republic (CIF) - 2023
- Mobile Phone Price in the Dominican Republic (FOB) - 2023
- Mobile Phone Imports in the Dominican Republic
- Mobile Phone Exports in the Dominican Republic
Mobile Phone Price in the Dominican Republic (CIF) - 2023
The average mobile phone import price stood at $110 per unit in March 2023, with an increase of 19% against the previous month. In general, the import price, however, recorded a abrupt setback. The import price peaked at $144 per unit in January 2023; however, from February 2023 to March 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($317 per unit), while the price for China stood at $110 per unit.
From January 2023 to March 2023, the most notable rate of growth in terms of prices was attained by China (-11.4%).
Mobile Phone Price in the Dominican Republic (FOB) - 2023
The average mobile phone export price stood at $80.6 per unit in March 2023, with a decrease of -21.4% against the previous month. Over the period from January 2023 to March 2023, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in February 2023 an increase of 31% against the previous month. As a result, the export price attained the peak level of $103 per unit, and then reduced notably in the following month.
There were significant differences in the average prices for the major export markets. In March 2023, the country with the highest price was the Netherlands ($200 per unit), while the average price for exports to the United States ($47.7 per unit) was amongst the lowest.
From January 2023 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+79.5%), while the prices for the other major destinations experienced more modest paces of growth.
Mobile Phone Imports in the Dominican Republic
Mobile phone imports into the Dominican Republic stood at 2.8M units in 2022, surging by 7.4% on the year before. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, mobile phone imports rose modestly to $280M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 7.2%. As a result, imports reached the peak of $292M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Mobile Phone in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 207 | 261 | 207 | 131 | -14.1% |
| United States | 60.3 | 25.1 | 0.1 | 78.2 | 9.1% |
| Vietnam | 2.3 | 4.1 | 26.9 | 28.5 | 131.4% |
| Hong Kong SAR | N/A | 0.9 | 27.8 | 24.4 | 420.7% |
| Others | 2.3 | 1.1 | 6.0 | 17.9 | 98.2% |
| Total | 272 | 292 | 268 | 280 | 1.0% |
Top Suppliers of Mobile Phone to the Dominican Republic in 2022:
- China (1786.4K units)
- United States (520.0K units)
- Hong Kong SAR (248.2K units)
- Vietnam (160.0K units)
Mobile Phone Exports in the Dominican Republic
In 2022, the amount of mobile phones exported from the Dominican Republic shrank notably to 81K units, with a decrease of -16.8% against the previous year. Over the period under review, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports attained the peak figure at 559K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, mobile phone exports surged to $19M in 2022. In general, exports recorded a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by 44%. The exports peaked at $92M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Mobile Phone in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 88.3 | 8.8 | 8.0 | 9.5 | -52.4% |
| Netherlands | N/A | N/A | 2.0 | 3.7 | 85.0% |
| United Arab Emirates | N/A | N/A | 1.8 | 2.0 | 11.1% |
| Hong Kong SAR | 1.8 | 0.1 | 1.1 | 1.6 | -3.9% |
| China | N/A | N/A | 0.6 | 0.7 | 16.7% |
| Others | 1.6 | 1.0 | 0.7 | 1.1 | -11.7% |
| Total | 91.8 | 9.9 | 14.3 | 18.6 | -41.3% |
Top Export Markets for Mobile Phone from the Dominican Republic in 2022:
- United States (49.8K units)
- Netherlands (12.1K units)
- Hong Kong SAR (7.3K units)
- United Arab Emirates (7.0K units)
- China (2.3K units)
This report provides an in-depth analysis of the mobile phone 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 26302200 - Telephones for cellular networks or for other wireless networks
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
-
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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