Dominican Republic: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in the Dominican Republic

The Dominican market for domestic, non-electric, cooking or heating appliances shrank remarkably to $X in 2022, with a decrease of 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). Over the period under review, consumption, however, posted a prominent expansion. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from the Dominican Republic

In 2022, shipments abroad of domestic, non-electric, cooking or heating appliances increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a deep reduction. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of domestic, non-electric, cooking or heating appliances soared to $X in 2022. In general, exports, however, faced a abrupt downturn. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X units) was the main destination for exports of domestic, non-electric, cooking or heating appliances from the Dominican Republic, accounting for a X% share of total exports. Moreover, exports of domestic, non-electric, cooking or heating appliances to Haiti exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by Panama (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled X%. 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 ($X) remains the key foreign market for domestic, non-electric, cooking or heating appliances exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Cuba ($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 growth rate of value to Haiti was relatively modest. 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

In 2022, the average export price for domestic, non-electric, cooking or heating appliances amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a notable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while the average price for exports to Panama ($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 Cuba (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into the Dominican Republic

In 2022, supplies from abroad of domestic, non-electric, cooking or heating appliances decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw mild growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then declined dramatically in the following year.

In value terms, imports of domestic, non-electric, cooking or heating appliances declined to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

China (X units), the United States (X units) and Mexico (X units) were the main suppliers of imports of domestic, non-electric, cooking or heating appliances to the Dominican Republic.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), China ($X) and the United States ($X) were the largest domestic, non-electric, cooking or heating appliance suppliers to the Dominican Republic, with a combined X% share of total imports. Ecuador, Colombia, Brazil and Costa Rica lagged somewhat behind, together comprising a further X%.

Colombia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for domestic, non-electric, cooking or heating appliances stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price showed a prominent increase. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Ecuador ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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