Dominican Republic: Mounted Piezo-Electric Crystals Market 2022

Mounted Piezo-Electric Crystals Market Size in the Dominican Republic

In 2021, the Dominican mounted piezo-electric crystals market decreased by -X% to $X for the first time since 2014, thus ending a six-year rising trend. In general, consumption, however, showed a resilient increase. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Mounted Piezo-Electric Crystals Production in the Dominican Republic

In value terms, mounted piezo-electric crystals production contracted rapidly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Mounted piezo-electric crystals production peaked at $X in 2020, and then reduced dramatically in the following year.

Mounted Piezo-Electric Crystals Exports

Exports from the Dominican Republic

In 2021, after three years of decline, there was significant growth in overseas shipments of mounted piezo-electric crystals, when their volume increased by X% to X units. In general, exports, however, showed a deep contraction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, mounted piezo-electric crystals exports totaled $X in 2021. Overall, exports, however, saw a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

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

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

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

From 2012 to 2021, the average annual growth rate of value to the United States totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and China (-X% per year).

Export Prices by Country

In 2021, the average mounted piezo-electric crystals export price amounted to $X per unit, which is down by -X% against the previous year. In general, the export price, however, showed a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major external 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 France (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Mounted Piezo-Electric Crystals Imports

Imports into the Dominican Republic

In 2021, the amount of mounted piezo-electric crystals imported into the Dominican Republic surged to X units, picking up by X% compared with the year before. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, mounted piezo-electric crystals imports dropped sharply to $X in 2021. Over the period under review, imports saw a measured increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2020, and then declined sharply in the following year.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of mounted piezo-electric crystals to the Dominican Republic, with a X% share of total imports. Moreover, mounted piezo-electric crystals imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Panama (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Panama (-X% per year).

In value terms, the United States ($X) constituted the largest supplier of mounted piezo-electric crystals to the Dominican Republic, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and Spain (+X% per year).

Import Prices by Country

The average mounted piezo-electric crystals import price stood at $X per unit in 2021, falling by -X% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per unit), while the price for Spain (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform