Report Update May 1, 2024

Dominican Republic - Lithium cells ans batteries - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Lithium Battery Market 2024

Lithium Battery Market Size in the Dominican Republic

After three years of growth, the Dominican lithium battery market decreased by -35% to $X in 2021. Over the period under review, consumption, however, continues to indicate a significant increase. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Lithium Battery Exports

Exports from the Dominican Republic

In 2021, overseas shipments of lithium cells ans batteries increased by 918% to X kg, rising for the second consecutive year after four years of decline. Overall, exports enjoyed a perceptible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lithium battery exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X kg) was the main destination for lithium battery exports from the Dominican Republic, accounting for a 91% share of total exports. Moreover, lithium battery exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Haiti stood at +15.7%.

In value terms, the largest markets for lithium battery exported from the Dominican Republic were Haiti ($X) and the United States ($X).

In terms of the main countries of destination, Haiti, with a CAGR of +17.3%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average lithium battery export price amounted to $X per ton, growing by 41% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Lithium Battery Imports

Imports into the Dominican Republic

In 2021, after three years of growth, there was significant decline in supplies from abroad of lithium cells ans batteries, when their volume decreased by -37.9% to X tons. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 301% against the previous year. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, lithium battery imports contracted markedly to $X in 2021. In general, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by 145% against the previous year. Imports peaked at $X in 2020, and then fell notably in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest lithium battery supplier to the Dominican Republic, with a 73% share of total imports. Moreover, lithium battery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +39.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+22.9% per year) and Japan (+23.4% per year).

In value terms, the largest lithium battery suppliers to the Dominican Republic were China ($X), the United States ($X) and Japan ($X), together accounting for 90% of total imports.

China, with a CAGR of +19.9%, recorded 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

In 2021, the average lithium battery import price amounted to $X per ton, jumping by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt slump. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lithium cells ans batteries in the world?

The Netherlands constituted the country with the largest volume of lithium battery consumption, accounting for 35% of total volume. Moreover, lithium battery consumption in the Netherlands exceeded the figures recorded by the second-largest consumer, Germany, threefold. The third position in this ranking was taken by the United States, with a 7.5% share.

What are the largest producers of lithium cells ans batteries in the world?

The Netherlands remains the largest lithium battery producing country worldwide, accounting for 46% of total volume. Moreover, lithium battery production in the Netherlands exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was held by Germany, with a 15% share.

What are the leading suppliers of lithium cells ans batteries to the Dominican Republic?

In value terms, the largest lithium battery suppliers to the Dominican Republic were China, the United States and Japan, with a combined 90% share of total imports.

What are the leading importers of lithium cells ans batteries from the Dominican Republic?

In value terms, Haiti and the United States constituted the largest markets for lithium battery exported from the Dominican Republic worldwide.

What is the average export price for lithium cells ans batteries in the Dominican Republic?

The average lithium battery export price stood at $31,522 per ton in 2021, jumping by 41% against the previous year.

What is the average import price for lithium cells ans batteries in the Dominican Republic?

In 2021, the average lithium battery import price amounted to $30,071 per ton, jumping by 18% against the previous year.

This report provides an in-depth analysis of the lithium battery 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.

Product coverage:

Prodcom 27201150 -
Prodcom 27201155 -
Prodcom 27201160 -

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023