Dominican Republic: Mounted Piezo-Electric Crystals Market 2023

Mounted Piezo-Electric Crystals Market Size in the Dominican Republic

In 2021, the Dominican mounted piezo-electric crystals market decreased by -5.9% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption posted a pronounced increase. Mounted piezo-electric crystals consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Mounted Piezo-Electric Crystals Exports

Exports from the Dominican Republic

In 2021, overseas shipments of mounted piezo-electric crystals increased by 25% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a precipitous slump. The growth pace was the most rapid in 2016 with an increase of 421%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, mounted piezo-electric crystals exports surged to $X in 2021. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 271% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for mounted piezo-electric crystals exports from the Dominican Republic, with a 91% share of total exports. Moreover, mounted piezo-electric crystals exports to France exceeded the volume sent to the second major destination, China (X units), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled -15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-18.7% per year) and the United States (-58.1% per year).

In value terms, France ($X) remains the key foreign market for mounted piezo-electric crystals exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was held by the United States ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at -15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-36.5% per year) and China (-27.0% per year).

Export Prices by Country

In 2021, the average mounted piezo-electric crystals export price amounted to $X per unit, reducing by -3.4% against the previous year. Overall, the export price, however, recorded a resilient increase. The growth pace was the most rapid in 2015 when the average export price increased by 117% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+53.5%), while the prices for the other major destinations experienced mixed trend patterns.

Mounted Piezo-Electric Crystals Imports

Imports into the Dominican Republic

In 2021, approx. X units of mounted piezo-electric crystals were imported into the Dominican Republic; growing by 18% compared with the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 851%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, mounted piezo-electric crystals imports plummeted to $X in 2021. In general, imports recorded a temperate expansion. The growth pace was the most rapid in 2017 with an increase of 1,040%. Over the period under review, imports hit record highs at $X in 2020, and then fell notably in the following year.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Spain (X units) were the main suppliers of mounted piezo-electric crystals imports to the Dominican Republic, together accounting for 69% of total imports. These countries were followed by Malaysia, Hong Kong SAR, the United States, the UK, Japan and Panama, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +59.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and the United States ($X) appeared to be the largest mounted piezo-electric crystals suppliers to the Dominican Republic, with a combined 53% share of total imports. These countries were followed by Malaysia, Japan, Hong Kong SAR, the UK, Panama and Spain, which together accounted for a further 44%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +81.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mounted piezo-electric crystals import price stood at $X per unit in 2021, declining by -34% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 72% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2020, and then contracted remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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