
Dominican Republic - Iron or Steel Gas Domestic Appliances - Market Analysis, Forecast, Size, Trends and Insights
Dominican Republic: Metal Gas Appliances Market 2023
Metal Gas Appliances Market Size in the Dominican Republic
The Dominican metal gas appliances market was estimated at $X in 2022, stabilizing at the previous year. Overall, consumption showed a pronounced decline. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.
Metal Gas Appliances Production in the Dominican Republic
In value terms, metal gas appliances production totaled $X in 2022 estimated in export price. Overall, production recorded a perceptible decrease. The pace of growth was the most pronounced in 2018 when the production volume increased by 44% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.
Metal Gas Appliances Exports
Exports from the Dominican Republic
Metal gas appliances exports from the Dominican Republic dropped significantly to X units in 2022, with a decrease of -37.1% against the previous year. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2015 with an increase of 1,300% against the previous year. The exports peaked at X units in 2021, and then declined sharply in the following year.
In value terms, metal gas appliances exports shrank rapidly to $X in 2022. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 1,335%. The exports peaked at $X in 2021, and then contracted rapidly in the following year.
Exports by Country
Haiti (X units) was the main destination for metal gas appliances exports from the Dominican Republic, with a 86% share of total exports. Moreover, metal gas appliances exports to Haiti exceeded the volume sent to the second major destination, Cuba (X units), more than tenfold.
From 2012 to 2022, the average annual growth rate of volume to Haiti totaled +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+43.9% per year) and Venezuela (+224.0% per year).
In value terms, Haiti ($X) remains the key foreign market for iron or steel gas domestic appliances exports from the Dominican Republic, comprising 87% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 6% share of total exports.
From 2012 to 2022, the average annual growth rate of value to Haiti totaled +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+294.3% per year) and Cuba (+37.0% per year).
Export Prices by Country
In 2022, the average metal gas appliances export price amounted to $X per unit, falling by -11.4% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 238%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Cuba ($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 (+21.7%), while the prices for the other major destinations experienced a decline.
Metal Gas Appliances Imports
Imports into the Dominican Republic
After three years of growth, supplies from abroad of iron or steel gas domestic appliances decreased by -5% to X units in 2022. Over the period under review, imports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2019 when imports increased by 148% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then dropped slightly in the following year.
In value terms, metal gas appliances imports totaled $X in 2022. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2019 when imports increased by 235% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.
Imports by Country
China (X units), the United States (X units) and Turkey (X units) were the main suppliers of metal gas appliances imports to the Dominican Republic, with a combined 94% share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +97.3%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest metal gas appliances suppliers to the Dominican Republic were the United States ($X), China ($X) and Turkey ($X), with a combined 94% share of total imports.
Turkey, with a CAGR of +115.4%, saw the highest rates of growth with regard to 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 metal gas appliances import price stood at $X per unit in 2022, with an increase of 6.1% against the previous year. Overall, the import price continues to indicate moderate growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the metal gas appliances market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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