Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in the Dominican Republic - 2023

Contents:

1. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in the Dominican Republic (CIF) - 2022
2. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in the Dominican Republic (FOB) - 2022
3. Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in the Dominican Republic
4. Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in the Dominican Republic

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in the Dominican Republic (CIF) - 2022

In 2022, the average import price for sound recording or reproducing apparatus; turntables (record-decks)s amounted to $115 per unit, with an increase of 48% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for sound recording or reproducing apparatus; turntables (record-decks)s increased by +139.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 79% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 ($243 per unit), while the price for Colombia ($22 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in the Dominican Republic (FOB) - 2022

In 2022, the average export price for sound recording or reproducing apparatus; turntables (record-decks)s amounted to $27 per unit, falling by -54.2% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by 71%. As a result, the export price reached the peak level of $89 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2014 to 2022, the rate of growth in terms of prices for Guatemala amounted to +2.4% per year.

Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in the Dominican Republic

In 2022, after two years of decline, there was significant growth in supplies from abroad of sound recording or reproducing apparatus; turntables (record-decks)s, when their volume increased by 21% to 68 units. Overall, imports, however, showed a deep contraction. Imports peaked at 121 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of sound recording or reproducing apparatus; turntables (record-decks)s soared to $7.8K in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports of reached the maximum at $7.9K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) to the Dominican Republic in 2022:

1. China (51.0 units)
2. United States (5.0 units)
3. Colombia (5.0 units)
4. Germany (3.0 units)
5. Canada (1.0 units)
6. Japan (1.0 units)

Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in the Dominican Republic

In 2022, shipments abroad of sound recording or reproducing apparatus; turntables (record-decks)s decreased by -50% to 1 units for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 100% against the previous year. As a result, the exports attained the peak of 2 units, and then declined significantly in the following year.

In value terms, exports of sound recording or reproducing apparatus; turntables (record-decks)s reduced rapidly to $27 in 2022. Overall, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 136% against the previous year. As a result, the exports reached the peak of $118, and then reduced dramatically in the following year.

Top Export Markets for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) from the Dominican Republic in 2022:

1. United States (1.0 units)

Source: IndexBox Market Intelligence Platform