Dominican Republic: Radio Receiver Market 2022

Radio Receiver Market Size in the Dominican Republic

In 2021, the Dominican radio receiver market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Radio Receiver Production in the Dominican Republic

In value terms, radio receiver production soared to $X in 2021 estimated in export price. Over the period under review, production showed a slight descent. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Radio Receiver Exports

Exports from the Dominican Republic

In 2021, overseas shipments of radio receivers were finally on the rise to reach X units after two years of decline. In general, exports enjoyed a measured increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, radio receiver exports fell sharply to $X in 2021. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

Cuba (X units), Guatemala (X units) and the United States (X units) were the main destinations of radio receiver exports from the Dominican Republic, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Cuba (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for radio receiver exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was occupied by Cuba ($X), with a X% share of total exports. It was followed by Venezuela, with an X% share.

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

Export Prices by Country

The average radio receiver export price stood at $X per unit in 2021, which is down by -X% against the previous year. In general, the export price showed a abrupt slump. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per unit 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 external markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala ($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 (+X%), while the prices for the other major destinations experienced a decline.

Radio Receiver Imports

Imports into the Dominican Republic

In 2021, supplies from abroad of radio receivers decreased by -X% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X units in 2020, and then fell markedly in the following year.

In value terms, radio receiver imports declined remarkably to $X in 2021. In general, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of radio receiver to the Dominican Republic, with a X% share of total imports. Moreover, radio receiver imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. The third position in this ranking was occupied by the United States (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of radio receiver to the Dominican Republic, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with an X% share of total imports. It was followed by Mexico, with an X% share.

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

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2021, declining by -X% against the previous year. Over the period under review, the import price, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked at $X per unit in 2020, and then shrank significantly 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 Mexico ($X per unit), while the price for China ($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 (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform