Price for Household or Laundry-Type Washing Machine in the Dominican Republic - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in the Dominican Republic (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in the Dominican Republic (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in the Dominican Republic
- Exports of Household or Laundry-Type Washing Machine in the Dominican Republic
Price for Household or Laundry-Type Washing Machine in the Dominican Republic (CIF) - 2022
The average import price for household or laundry-type washing machines stood at $601 per unit in 2021, jumping by 192% against the previous year. Over the period under review, the import price enjoyed a strong expansion. Over the period under review, average import prices reached the maximum at $686 per unit in 2016; however, from 2017 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 Brazil ($276 per unit), while the price for the United States ($108 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Household or Laundry-Type Washing Machine in the Dominican Republic (FOB) - 2022
In 2021, the average export price for household or laundry-type washing machines amounted to $279 per unit, jumping by 20% against the previous year. Overall, the export price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 121% against the previous year. The export price peaked at $1,073 per unit in 2016; however, from 2017 to 2021, 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 Haiti ($452 per unit), while the average price for exports to Jamaica ($31 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 (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Household or Laundry-Type Washing Machine in the Dominican Republic
In 2022, imports of household or laundry-type washing machines into the Dominican Republic skyrocketed to 116K units, jumping by 18% compared with 2021. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 26%. As a result, imports attained the peak of 187K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, household or laundry-type washing machine imports declined markedly to $38M in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports reached the peak of $59M, and then fell markedly in the following year.
| Import of Household or Laundry-Type Washing Machine in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 29.3 | 17.5 | 35.7 | 10.4% | |
| United States | 6.3 | 3.8 | 8.4 | 15.5% | |
| Mexico | 4.2 | 2.3 | 6.8 | 27.2% | |
| Thailand | 4.7 | 2.2 | 4.2 | -5.5% | |
| Brazil | 0.2 | 0.4 | 1.4 | 164.6% | |
| Others | 2.8 | 12.4 | 2.4 | -7.4% | |
| Total | 47.5 | 38.6 | 59.0 | 11.4% | |
Top Suppliers of Household or Laundry-Type Washing Machine to the Dominican Republic in 2022:
- China (190.0K units)
- United States (77.5K units)
- Mexico (24.8K units)
- Thailand (15.7K units)
- Brazil (5.1K units)
Exports of Household or Laundry-Type Washing Machine in the Dominican Republic
In 2022, overseas shipments of household or laundry-type washing machines were finally on the rise to reach 669 units after two years of decline. In general, exports posted a moderate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, household or laundry-type washing machine exports soared to $185K in 2022. Over the period under review, exports, however, saw a deep downturn. The exports peaked at $334K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Household or Laundry-Type Washing Machine in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Haiti | 72.9 | 3.8 | 11.3 | -60.6% | |
| Panama | 1.8 | 0.5 | 8.0 | 110.8% | |
| United States | 0.4 | 49.5 | 6.8 | 312.3% | |
| British Virgin Islands | 1.7 | 4.1 | 5.9 | 86.3% | |
| Cuba | 4.5 | 0.9 | 4.3 | -2.2% | |
| Antigua and Barbuda | 12.7 | N/A | N/A | 0% | |
| France | N/A | 47.1 | N/A | 0% | |
| Others | 240 | 3.6 | 1.0 | -93.5% | |
| Total | 334 | 110 | 37.3 | -66.6% | |
Top Export Markets for Household or Laundry-Type Washing Machine from the Dominican Republic in 2022:
- British Virgin Islands (70.0 units)
- United States (39.0 units)
- Panama (38.0 units)
- Haiti (25.0 units)
- Cuba (15.0 units)
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