Dominican Republic: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in the Dominican Republic

The Dominican market for electric burglar or fire alarms and similar apparatus skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption saw prominent growth. Electric burglar or fire alarm consumption peaked in 2022 and is likely to see gradual growth in years to come.

Production of Electric Burglar Or Fire Alarms And Similar Apparatus in the Dominican Republic

In value terms, electric burglar or fire alarm production dropped to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Electric burglar or fire alarm production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from the Dominican Republic

In 2022, overseas shipments of electric burglar or fire alarms and similar apparatus increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, electric burglar or fire alarm exports soared to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for electric burglar or fire alarm exports from the Dominican Republic, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) also remains the key foreign market for electric burglar or fire alarms and similar apparatus exports from the Dominican Republic.

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

Export Prices by Country

The average export price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into the Dominican Republic

In 2022, the amount of electric burglar or fire alarms and similar apparatus imported into the Dominican Republic soared to X units, rising by X% on the year before. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, electric burglar or fire alarm imports skyrocketed to $X in 2022. In general, imports enjoyed a measured increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest electric burglar or fire alarm supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, electric burglar or fire alarm imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), twofold. Spain (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest electric burglar or fire alarm suppliers to the Dominican Republic were China ($X), the United States ($X) and Brazil ($X), with a combined X% share of total imports. Spain, Israel and Italy lagged somewhat behind, together accounting for a further X%.

Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 electric burglar or fire alarms and similar apparatus stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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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