Dominican Republic: Printed Circuit Market 2024

Printed Circuit Market Size in the Dominican Republic

The Dominican printed circuit market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Printed Circuit Production in the Dominican Republic

In value terms, printed circuit production rose modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Printed Circuit Exports

Exports from the Dominican Republic

In 2022, after two years of growth, there was significant decline in overseas shipments of printed circuits, when their volume decreased by X% to X units. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, printed circuit exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for printed circuit exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, printed circuit exports to the United States exceeded the volume sent to the second major destination, Spain (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for printed circuits exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Germany (X% per year).

Export Prices by Country

The average printed circuit export price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price, however, faced a deep setback. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Spain ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

Printed Circuit Imports

Imports into the Dominican Republic

In 2022, approx. X units of printed circuits were imported into the Dominican Republic; rising by X% compared with the previous year. In general, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, printed circuit imports skyrocketed to $X in 2022. Overall, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest printed circuit supplier to the Dominican Republic, with a X% share of total imports. Moreover, printed circuit imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), tenfold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the United States (X% per year).

In value terms, China ($X), South Korea ($X) and the United States ($X) appeared to be the largest printed circuit suppliers to the Dominican Republic, together comprising X% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to 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 printed circuit import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 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 South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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