Report Update Apr 1, 2024

Dominican Republic - Wind Powered Generating Sets - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in the Dominican Republic

The Dominican wind powered generator market reduced remarkably to $X in 2021, with a decrease of -62.9% against the previous year. In general, consumption saw a abrupt decline. Wind powered generator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Wind Powered Generator Production in the Dominican Republic

In value terms, wind powered generator production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Wind Powered Generator Exports

Exports from the Dominican Republic

Wind powered generator exports from the Dominican Republic was estimated at X units in 2019, therefore, remained relatively stable against 2018. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, wind powered generator exports stood at $X in 2019. In general, exports recorded a relatively flat trend pattern. The exports peaked in 2019 and are expected to retain growth in the near future.

Exports by Country

Ecuador (X units) was the main destination for wind powered generator exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2014 to 2019, the average annual rate of growth in terms of volume to Ecuador was relatively modest.

From 2014 to 2019, the average annual rate of growth in terms of value to Ecuador was relatively modest.

Wind Powered Generator Imports

Imports into the Dominican Republic

In 2021, supplies from abroad of wind powered generating sets decreased by -66.7% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when imports increased by 150%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, wind powered generator imports dropped notably to $X in 2021. Over the period under review, imports saw a noticeable slump. The pace of growth was the most pronounced in 2019 when imports increased by 658% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Panama (X units), Denmark (X units) and China (X units) were the main suppliers of wind powered generator imports to the Dominican Republic, together accounting for 75% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of -18.0%), while imports for the other leaders experienced a decline.

In value terms, the largest wind powered generator suppliers to the Dominican Republic were Denmark ($X), Panama ($X) and Spain ($X), together comprising 90% of total imports.

Denmark, with a CAGR of +177.4%, saw the highest growth rate of the value of imports, among 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 wind powered generator import price stood at $X per unit in 2021, shrinking by -10.7% against the previous year. Overall, the import price, however, showed prominent growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 381% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+47.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wind powered generating sets in the world?

Mexico remains the largest wind powered generator consuming country worldwide, comprising approx. 19% of total volume. Moreover, wind powered generator consumption in Mexico exceeded the figures recorded by the second-largest consumer, Croatia, twofold. The third position in this ranking was taken by Hong Kong SAR, with a 7.3% share.

What are the largest producers of wind powered generating sets in the world?

The country with the largest volume of wind powered generator production was Hong Kong SAR, comprising approx. 30% of total volume. Moreover, wind powered generator production in Hong Kong SAR exceeded the figures recorded by the second-largest producer, Cyprus, twofold. The third position in this ranking was held by France, with an 8% share.

What are the leading suppliers of wind powered generating sets to the Dominican Republic?

In value terms, the largest wind powered generator suppliers to the Dominican Republic were Denmark, Panama and Spain, with a combined 90% share of total imports.

What is the average import price for wind powered generating sets in the Dominican Republic?

The average wind powered generator import price stood at $2,250 per unit in 2021, shrinking by -10.7% against the previous year.

This report provides an in-depth analysis of the wind powered generator market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28112400 - Generating sets, wind-powered

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023