Dominican Republic: Radar Apparatus Market 2023

Radar Apparatus Market Size in the Dominican Republic

The Dominican radar apparatus market reduced sharply to $X in 2022, waning by -41.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted strong growth. Radar apparatus consumption peaked at $X in 2021, and then reduced remarkably in the following year.

Radar Apparatus Exports

Exports from the Dominican Republic

In 2022, the amount of radar apparatus, radio navigational aid apparatus and radio remote control apparatus exported from the Dominican Republic shrank sharply to X units, which is down by -72.3% on the previous year's figure. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 1,399% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, radar apparatus exports shrank significantly to $X in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 1,583%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for radar apparatus exports from the Dominican Republic, with a 61% share of total exports. Moreover, radar apparatus exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+56.3% per year) and Venezuela (+6.9% per year).

In value terms, the United States ($X) emerged as the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from the Dominican Republic, comprising 62% of total exports. The second position in the ranking was taken by Haiti ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+99.5% per year) and Venezuela (-61.9% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, shrinking by -10% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 420%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Venezuela ($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 Israel (+2,945.7%), while the prices for the other major destinations experienced mixed trend patterns.

Radar Apparatus Imports

Imports into the Dominican Republic

In 2022, approx. X units of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were imported into the Dominican Republic; with a decrease of -43.2% compared with 2021. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 347%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, radar apparatus imports contracted sharply to $X in 2022. Over the period under review, imports, however, recorded a moderate expansion. The pace of growth was the most pronounced in 2016 with an increase of 71%. Over the period under review, imports attained the maximum at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of radar apparatus to the Dominican Republic, accounting for a 59% share of total imports. Moreover, radar apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by Panama (X units), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.5% per year) and Panama (+34.5% per year).

In value terms, China ($X) constituted the largest supplier of radar apparatus, radio navigational aid apparatus and radio remote control apparatus to the Dominican Republic, comprising 48% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Panama, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.3% per year) and Panama (+22.5% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per unit in 2022, growing by 13% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2020 an increase of 35% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 Lithuania ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (-6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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