Dominican Republic: Domestic Toaster Market 2024

Domestic Toaster Market Size in the Dominican Republic

The Dominican domestic toaster market expanded rapidly to $X in 2022, surging by X% 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). Overall, consumption, however, posted a buoyant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in years to come.

Domestic Toaster Exports

Exports from the Dominican Republic

For the third year in a row, the Dominican Republic recorded decline in overseas shipments of domestic electric toasters, which decreased by X% to X units in 2022. In general, exports, however, recorded resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, domestic toaster exports shrank notably to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Haiti (X units) was the main destination for domestic toaster exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, domestic toaster exports to Haiti exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Panama (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Panama (X% per year).

In value terms, Haiti ($X) emerged as the key foreign market for domestic electric toasters exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average domestic toaster export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, posted a prominent expansion. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Domestic Toaster Imports

Imports into the Dominican Republic

In 2022, after two years of growth, there was decline in purchases abroad of domestic electric toasters, when their volume decreased by X% to X units. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, domestic toaster imports expanded notably to $X in 2022. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of domestic toaster to the Dominican Republic, with a X% share of total imports. It was followed by Colombia (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of domestic electric toasters to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Colombia (X% per year).

Import Prices by Country

The average domestic toaster import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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