Dominican Republic: Radio Receiver Market 2023

Radio Receiver Market Size in the Dominican Republic

In 2022, the Dominican radio receiver market decreased by -23.9% to $X, falling for the second year in a row after five years of growth. In general, consumption, however, recorded a resilient expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Radio Receiver Exports

Exports from the Dominican Republic

Radio receiver exports from the Dominican Republic dropped remarkably to X units in 2022, falling by -76.2% against the previous year. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 710% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, radio receiver exports fell significantly to $X in 2022. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2018 when exports increased by 399%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X units) was the main destination for radio receiver exports from the Dominican Republic, with a 84% share of total exports. Moreover, radio receiver exports to Haiti exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-35.4% per year) and Chile (+101.2% per year).

In value terms, Chile ($X), Haiti ($X) and the United States ($X) constituted the largest markets for radio receiver exported from the Dominican Republic worldwide, with a combined 98% share of total exports.

Among the main countries of destination, Chile, with a CAGR of +325.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average radio receiver export price amounted to $X per unit, increasing by 113% against the previous year. Over the period under review, the export price continues to indicate slight growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Haiti ($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 Chile (+111.3%), while the prices for the other major destinations experienced mixed trend patterns.

Radio Receiver Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of radio receivers decreased by -31.8% to X units, falling for the second consecutive year after five years of growth. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 63%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, radio receiver imports dropped significantly to $X in 2022. Overall, imports, however, saw a noticeable increase. The growth pace was the most rapid in 2020 with an increase of 68% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main radio receiver supplier to the Dominican Republic, with a 96% share of total imports. It was followed by the United States (X units), with a 3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.9% per year) and Malaysia (-33.1% per year).

In value terms, China ($X) constituted the largest supplier of radio receivers to the Dominican Republic, comprising 91% of total imports. The second position in the ranking was held by the United States ($X), with a 5.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.8% per year) and Malaysia (-21.6% per year).

Import Prices by Country

In 2022, the average radio receiver import price amounted to $X per unit, jumping by 19% against the previous year. Over the period under review, the import price, however, showed a perceptible downturn. The growth pace was the most rapid in 2020 an increase of 24% 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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