Dominican Republic - Test Benches - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Dominican Republic - Test Benches - Market Analysis, Forecast, Size, Trends And Insights

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Test Bench Price in the Dominican Republic - 2023

Contents:

  1. Test Bench Price in the Dominican Republic (CIF) - 2022
  2. Test Bench Price in the Dominican Republic (FOB) - 2022
  3. Test Bench Imports in the Dominican Republic
  4. Test Bench Exports in the Dominican Republic

Test Bench Price in the Dominican Republic (CIF) - 2022

In 2022, the average test bench import price amounted to $3,760 per unit, falling by -2.3% against the previous year. Overall, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 72% against the previous year. The import price peaked at $9,835 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($4,322 per unit), while the price for China ($3,549 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.2%), while the prices for the other major suppliers experienced a decline.

Test Bench Price in the Dominican Republic (FOB) - 2022

The average test bench export price stood at $1,650 per unit in 2022, dropping by -29.3% against the previous year. In general, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 252% against the previous year. As a result, the export price attained the peak level of $21,840 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +323.5% per year.

Test Bench Imports in the Dominican Republic

In 2022, supplies from abroad of test benches decreased by -57.6% to 92 units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 154% against the previous year. Imports peaked at 217 units in 2021, and then reduced dramatically in the following year.

In value terms, test bench imports reduced markedly to $345K in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 171% against the previous year. Over the period under review, imports reached the maximum at $836K in 2021, and then reduced sharply in the following year.

Import of Test Bench in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States81.032251930054.7%
China27.782.724228.71.2%
United Kingdom1.11.222.97.791.3%
Brazil19.636.219.73.2-45.3%
Others50.244.332.44.9-54.0%
Total18048683634524.2%

Top Suppliers of Test Bench to the Dominican Republic in 2022:

  1. United States (80.0 units)
  2. China (8.0 units)
  3. United Kingdom (2.0 units)
  4. Brazil (1.0 units)

Test Bench Exports in the Dominican Republic

In 2022, shipments abroad of test benches decreased by 0% to 1 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a precipitous descent. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the peak figure at 8 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, test bench exports shrank rapidly to $1.6K in 2022. In general, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. Over the period under review, the exports reached the maximum at $36K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Test Bench in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States36.41.32.01.6-64.7%
OthersN/AN/AN/AN/A0%
Total36.41.32.01.6-64.7%

Top Export Markets for Test Bench from the Dominican Republic in 2022:

  1. United States (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the test bench 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 26516620 - Test benches

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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