Report Dominican Republic - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 3, 2022

Dominican Republic - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends and Insights
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Dominican Republic: Combined Refrigerator-Freezer Market 2022

Combined Refrigerator-Freezer Market Size in the Dominican Republic

The Dominican combined refrigerator-freezer market skyrocketed to $X in 2021, growing by 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a resilient expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Combined Refrigerator-Freezer Exports

Exports from the Dominican Republic

For the eighth consecutive year, the Dominican Republic recorded growth in shipments abroad of combined refrigerators-freezers, which increased by 104% to X units in 2021. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, combined refrigerator-freezer exports skyrocketed to $X in 2021. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 78% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Haiti (X units) was the main destination for combined refrigerator-freezer exports from the Dominican Republic, with a 75% share of total exports. Moreover, combined refrigerator-freezer exports to Haiti exceeded the volume sent to the second major destination, Cuba (X units), sevenfold. The third position in this ranking was held by Turks and Caicos Islands (X units), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti amounted to +48.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+0.1% per year) and Turks and Caicos Islands (+56.4% per year).

In value terms, Haiti ($X) emerged as the key foreign market for combined refrigerator-freezer exports from the Dominican Republic, comprising 64% of total exports. The second position in the ranking was held by Cuba ($X), with a 20% share of total exports. It was followed by Turks and Caicos Islands, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti stood at +44.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+2.3% per year) and Turks and Caicos Islands (+52.5% per year).

Export Prices by Country

In 2021, the average combined refrigerator-freezer export price amounted to $X per unit, with a decrease of -28% against the previous year. In general, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 5.3% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Cuba ($X per unit), while the average price for exports to Turks and Caicos Islands ($X 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 the United States (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Combined Refrigerator-Freezer Imports

Imports into the Dominican Republic

In 2021, combined refrigerator-freezer imports into the Dominican Republic expanded significantly to X units, with an increase of 5.1% on the previous year. In general, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by 78%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, combined refrigerator-freezer imports skyrocketed to $X in 2021. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 60% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Colombia (X units), China (X units) and Mexico (X units) were the main suppliers of combined refrigerator-freezer imports to the Dominican Republic, with a combined 90% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +81.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), China ($X) and the United States ($X) appeared to be the largest combined refrigerator-freezer suppliers to the Dominican Republic, together accounting for 79% of total imports.

Among the main suppliers, Colombia, with a CAGR of +81.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average combined refrigerator-freezer import price stood at $X per unit in 2021, with an increase of 31% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+18.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for combined refrigerators-freezers in the world?
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The countries with the highest volumes of consumption in 2021 were China, the United States and Japan, with a combined 43% share of global consumption. These countries were followed by Thailand, India, Indonesia, Brazil, Germany, South Korea, Russia, Vietnam, the UK and Mexico, which together accounted for a further 32%.
What are the largest producers of combined refrigerators-freezers in the world?
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China remains the largest combined refrigerator-freezer producing country worldwide, comprising approx. 39% of total volume. Moreover, combined refrigerator-freezer production in China exceeded the figures recorded by the second-largest producer, Thailand, fivefold. The third position in this ranking was held by Mexico, with a 6.7% share.
What are the leading suppliers of combined refrigerators-freezers to the Dominican Republic?
+
In value terms, Colombia, China and the United States appeared to be the largest combined refrigerator-freezer suppliers to the Dominican Republic, with a combined 79% share of total imports.
What are the leading importers of combined refrigerators-freezers from the Dominican Republic?
+
In value terms, Haiti emerged as the key foreign market for combined refrigerator-freezer exports from the Dominican Republic, comprising 64% of total exports. The second position in the ranking was taken by Cuba, with a 20% share of total exports. It was followed by Turks and Caicos Islands, with a 6.6% share.
What is the average export price for combined refrigerators-freezers in the Dominican Republic?
+
In 2021, the average combined refrigerator-freezer export price amounted to $242 per unit, dropping by -28% against the previous year.
What is the average import price for combined refrigerators-freezers in the Dominican Republic?
+
In 2021, the average combined refrigerator-freezer import price amounted to $388 per unit, with an increase of 31% against the previous year.

This report provides an in-depth analysis of the combined refrigerator-freezer 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 27511110 - Combined refrigerators-freezers, with separate external doors
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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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