Dominican Republic: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in the Dominican Republic

The Dominican electric brazing machine market was estimated at $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electric Brazing Machine Production in the Dominican Republic

In value terms, electric brazing machine production amounted to $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Electric brazing machine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Electric Brazing Machine Exports

Exports from the Dominican Republic

In 2022, exports of electric brazing or soldering machines and apparatus from the Dominican Republic surged to X units, increasing by X% against the previous year. Overall, exports, however, showed a significant curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, electric brazing machine exports surged to $X in 2022. In general, exports, however, continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bahamas (X units) was the main destination for electric brazing machine exports from the Dominican Republic, with a X% share of total exports. Moreover, electric brazing machine exports to Bahamas exceeded the volume sent to the second major destination, Jamaica (X units), more than tenfold. Costa Rica (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahamas totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Costa Rica (X% per year).

In value terms, Bahamas ($X) emerged as the key foreign market for electric brazing or soldering machines and apparatus exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Jamaica ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bahamas stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the average electric brazing machine export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price posted a strong increase. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The export price peaked 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to the United States ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Brazing Machine Imports

Imports into the Dominican Republic

After four years of growth, overseas purchases of electric brazing or soldering machines and apparatus decreased by X% to X units in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then fell remarkably in the following year.

In value terms, electric brazing machine imports soared to $X in 2022. Overall, imports, however, posted strong growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units) and the United States (X units) were the main suppliers of electric brazing machine imports to the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%).

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

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%.

Import Prices by Country

In 2022, the average electric brazing machine import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :