Dominican Republic: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in the Dominican Republic

In 2022, the Dominican telephone apparatus market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption showed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Telephone Apparatus Exports

Exports from the Dominican Republic

In 2022, exports of telephone apparatus from the Dominican Republic reduced sharply to X units, which is down by X% compared with the previous year's figure. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then shrank sharply in the following year.

In value terms, telephone apparatus exports contracted remarkably to $X in 2022. In general, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The United States (X units) was the main destination for telephone apparatus exports from the Dominican Republic, with a X% share of total exports. Moreover, telephone apparatus exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. Hong Kong SAR (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Hong Kong SAR (X% per year).

In value terms, the United States ($X) remains the key foreign market for telephone apparatus exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

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

Export Prices by Country

In 2022, the average telephone apparatus export price amounted to $X per unit, rising by X% against the previous year. In general, the export price showed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of telephone apparatus increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, telephone apparatus imports soared to $X in 2022. Overall, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of telephone apparatus to the Dominican Republic, accounting for a X% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was held by Hong Kong SAR (X units), 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: the United States (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest telephone apparatus suppliers to the Dominican Republic were China ($X), the United States ($X) and Vietnam ($X), with a combined X% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average telephone apparatus import price amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, saw a noticeable contraction. The import price peaked at $X per unit in 2012; however, from 2013 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 Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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