Dominican Republic: Market for Vacuum Cleaners With Motor 2022

Market Size for Vacuum Cleaners With Motor in the Dominican Republic

In 2021, the Dominican vacuum cleaner with motor market increased by 183% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Vacuum Cleaners With Motor

Exports from the Dominican Republic

In 2021, approx. X tons of vacuum cleaners with motor were exported from the Dominican Republic; growing by 341% on 2020. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 2,129% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, vacuum cleaner with motor exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 2,762%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for vacuum cleaner with motor exports from the Dominican Republic, with a 41% share of total exports. Moreover, vacuum cleaner with motor exports to the United States exceeded the volume sent to the second major destination, India (X kg), threefold. The third position in this ranking was held by Brazil (X kg), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +84.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Brazil (0.0% per year).

In value terms, the largest markets for vacuum cleaner with motor exported from the Dominican Republic were the United States ($X), Haiti ($X) and Switzerland ($X), with a combined 89% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +87.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vacuum cleaner with motor export price stood at $X per ton in 2021, shrinking by -68.6% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of 114% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Haiti ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into the Dominican Republic

In 2021, supplies from abroad of vacuum cleaners with motor was finally on the rise to reach X tons after two years of decline. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vacuum cleaner with motor imports soared to $X in 2021. Over the period under review, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest vacuum cleaner with motor supplier to the Dominican Republic, with a 69% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. The third position in this ranking was taken by Romania (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.6% per year) and Romania (+50.3% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaner with motor to the Dominican Republic, comprising 58% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by Mexico, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.4% per year) and Mexico (+9.0% per year).

Import Prices by Country

In 2021, the average vacuum cleaner with motor import price amounted to $X per ton, declining by -53.7% against the previous year. In general, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. The import price peaked at $X per ton in 2020, and then dropped dramatically in the following year.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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