Dominican Republic: Food Mixer Market 2024

Food Mixer Market Size in the Dominican Republic

The Dominican food mixer market reduced notably to $X in 2022, declining 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, recorded a resilient increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted significantly in the following year.

Food Mixer Exports

Exports from the Dominican Republic

In 2022, overseas shipments of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, food mixer exports reduced notably to $X in 2022. Overall, exports saw a sharp slump. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

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

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

In value terms, Haiti ($X) emerged as the key foreign market for domestic food grinders and mixers and fruit or vegetable juice extractors exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Cuba ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

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

Export Prices by Country

The average food mixer export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price continues to indicate temperate growth. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per unit), while the average price for exports to the United States ($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 Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Food Mixer Imports

Imports into the Dominican Republic

In 2022, approx. X units of domestic food grinders and mixers and fruit or vegetable juice extractors were imported into the Dominican Republic; falling by X% compared with the previous year. Over the period under review, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, food mixer imports expanded significantly to $X in 2022. In general, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of food mixer to the Dominican Republic, accounting for a X% share of total imports. Moreover, food mixer imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), threefold. Spain (X units) ranked third in terms of total imports with a X% share.

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: Mexico (X% per year) and Spain (X% per year).

In value terms, China ($X), Mexico ($X) and the United States ($X) were the largest food mixer suppliers to the Dominican Republic, with a combined X% share of total imports. Spain and Colombia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Colombia, with a CAGR of X%, 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

In 2022, the average food mixer import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 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 ($X per unit), while the price for Spain ($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 mixed trend patterns.

Source: IndexBox Platform

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