Dominican Republic: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in the Dominican Republic

The Dominican electrical signalling apparatus market shrank to $X in 2022, falling by X% against the previous year. Overall, the total consumption indicated a perceptible 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 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electrical Signalling Apparatus Production in the Dominican Republic

In value terms, electrical signalling apparatus production declined to $X in 2022 estimated in export price. In general, production recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Electrical signalling apparatus production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Electrical Signalling Apparatus Exports

Exports from the Dominican Republic

In 2022, shipments abroad of electrical apparatus for sound or visual signalling increased by X% to X units, rising for the third consecutive year after five years of decline. Over the period under review, exports, however, recorded a precipitous curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus exports surged to $X in 2022. In general, exports, however, recorded a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for electrical signalling apparatus exports from the Dominican Republic, with a X% share of total exports. Moreover, electrical signalling apparatus exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), more than tenfold.

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

In value terms, the United States ($X) remains the key foreign market for electrical apparatus for sound or visual signalling exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Haiti ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average electrical signalling apparatus export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then dropped markedly in the following year.

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 Haiti ($X per unit), while the average price for exports to the United States ($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 mixed trend patterns.

Electrical Signalling Apparatus Imports

Imports into the Dominican Republic

In 2022, imports of electrical apparatus for sound or visual signalling into the Dominican Republic surged to X units, with an increase of X% against the year before. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, electrical signalling apparatus imports surged to $X in 2022. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Italy (X units) were the main suppliers of electrical signalling apparatus imports to the Dominican Republic, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), China ($X) and Italy ($X) appeared to be the largest electrical signalling apparatus suppliers to the Dominican Republic, together accounting for X% of total imports.

China, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average electrical signalling apparatus import price amounted to $X per unit, picking up by X% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price 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, electrical signalling apparatus import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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