Dominican Republic: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in the Dominican Republic

In 2023, the Dominican market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate strong growth. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports from the Dominican Republic

After two years of decline, overseas shipments of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by X% to X units in 2023. In general, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA reduced notably to $X in 2023. Overall, exports, however, recorded a dramatic decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Haiti (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from the Dominican Republic, accounting for a X% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to Haiti exceeded the volume sent to the second major destination, the United States (X units), fourfold.

From 2012 to 2023, the average annual growth rate of volume to Haiti stood at X%.

In value terms, Haiti ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Haiti stood at X%.

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA stood at $X per unit in 2023, waning by X% against the previous year. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 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 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Haiti stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (X%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports into the Dominican Republic

In 2023, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X units in 2022, and then fell in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA reduced to $X in 2023. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2023, China (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA to the Dominican Republic, with a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Spain (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, 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: the United States (X% per year) and Spain (X% per year).

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA suppliers to the Dominican Republic were the United States ($X), China ($X) and Spain ($X), together accounting for X% of total imports. Brazil, Colombia, South Korea, Ecuador and Mexico lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, saw 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

In 2023, the average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform