Dominican Republic: Electronic Chip Market 2024

Electronic Chip Market Size in the Dominican Republic

The Dominican electronic chip market contracted to $X in 2023, with a decrease of X% against the previous year. Overall, consumption, however, showed moderate growth. Electronic chip consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Electronic Chip Production in the Dominican Republic

In value terms, electronic chip production reduced to $X in 2023 estimated in export price. In general, production, however, saw a tangible increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Electronic chip production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

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Electronic Chip Exports

Exports from the Dominican Republic

Electronic chip exports from the Dominican Republic contracted sharply to X units in 2023, shrinking by X% on the previous year. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of X units. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic chip exports soared to $X in 2023. Over the period under review, exports, however, recorded strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for electronic chip exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, electronic chip exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), threefold. The third position in this ranking was held by the Philippines (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and the Philippines (X% per year).

In value terms, the United States ($X) remains the key foreign market for electronic chips exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Haiti ($X), with a X% share of total exports. It was followed by Mexico, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms 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 Mexico (X% per year).

Export Prices by Country

The average electronic chip export price stood at $X per unit in 2023, jumping by X% against the previous year. In general, the export price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

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

Electronic Chip Imports

Imports into the Dominican Republic

In 2023, after two years of growth, there was significant decline in supplies from abroad of electronic chips, when their volume decreased by X% to X units. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2022, and then shrank sharply in the following year.

In value terms, electronic chip imports surged to $X in 2023. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, the United States (X units) was the main supplier of electronic chip to the Dominican Republic, with a X% share of total imports. Moreover, electronic chip imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Germany (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 the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the largest electronic chip suppliers to the Dominican Republic, with a combined X% share of total imports. Bosnia and Herzegovina, Panama, Malaysia, Mexico and France lagged somewhat behind, together accounting for a further X%.

Bosnia and Herzegovina, 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 electronic chip import price stood at $X per unit in 2023, surging by X% against the previous year. In general, the import price saw prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform