Dominican Republic: Transmission Apparatus Market 2024

Transmission Apparatus Market Size in the Dominican Republic

The Dominican transmission apparatus market reached $X in 2022, surging by X% 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). In general, consumption continues to indicate a remarkable increase. Transmission apparatus consumption peaked in 2022 and is expected to retain growth in the near future.

Transmission Apparatus Exports

Exports from the Dominican Republic

In 2022, transmission apparatus exports from the Dominican Republic dropped markedly to X units, falling by X% compared with 2021. In general, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, transmission apparatus exports soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for transmission apparatus exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, transmission apparatus exports to the United States exceeded the volume sent to the second major destination, the Netherlands (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 growth rate of volume to the United States totaled 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 ($X) remains the key foreign market for transmission apparatus incorporating reception apparatus exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($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 stood at 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

The average transmission apparatus export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price 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, transmission apparatus export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign 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.

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Transmission Apparatus Imports

Imports into the Dominican Republic

In 2022, approx. X units of transmission apparatus incorporating reception apparatus were imported into the Dominican Republic; with an increase of X% compared with the previous year's figure. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, transmission apparatus imports expanded modestly to $X in 2022. In general, total imports indicated a notable expansion 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, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of transmission apparatus to the Dominican Republic, with a X% share of total imports. Moreover, transmission apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by Hong Kong SAR (X units), with an X% share.

From 2012 to 2022, 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: the United States (X% per year) and Hong Kong SAR (X% per year).

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

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average transmission apparatus import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Vietnam ($X per unit), while the price for China ($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 a decline.

Source: IndexBox Platform

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