Price for Electrical Insulators of Any Material in the Dominican Republic - 2022
Contents:
- Price for Electrical Insulators of Any Material in the Dominican Republic (CIF) - 2022
- Price for Electrical Insulators of Any Material in the Dominican Republic (FOB) - 2022
- Imports of Electrical Insulators of Any Material in the Dominican Republic
- Exports of Electrical Insulators of Any Material in the Dominican Republic
Price for Electrical Insulators of Any Material in the Dominican Republic (CIF) - 2022
In 2022, the average import price for electrical insulators of any materials amounted to $4.3 per unit, reducing by -6% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical insulators of any material import price increased by +6.6% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 51%. Over the period under review, average import prices reached the peak figure at $4.5 per unit in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($30 per unit), while the price for China ($2.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electrical Insulators of Any Material in the Dominican Republic (FOB) - 2022
In 2022, the average export price for electrical insulators of any materials amounted to $1.5 per unit, growing by 67% against the previous year. Over the period under review, the export price, however, saw a slight decrease. Over the period under review, the average export prices hit record highs at $4.5 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($10 per unit), while the average price for exports to the United States ($0.8 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 Venezuela (+46.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Insulators of Any Material in the Dominican Republic
After two years of decline, overseas purchases of electrical insulators of any materials increased by 25% to 470K units in 2022. Overall, imports, however, recorded a precipitous shrinkage. Imports peaked at 1.1M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electrical insulators of any material imports soared to $2M in 2022. Over the period under review, imports, however, showed a sharp shrinkage. Imports peaked at $4.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electrical Insulators of Any Material in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,727 | 883 | 616 | 812 | -22.2% |
| United States | 540 | 423 | 393 | 375 | -11.4% |
| Mexico | 744 | 444 | 217 | 354 | -21.9% |
| India | 2.9 | 5.7 | 12.1 | 50.6 | 159.4% |
| Canada | 56.9 | 26.1 | 2.0 | 33.1 | -16.5% |
| Russia | 125 | 44.0 | N/A | N/A | -64.8% |
| Others | 1,143 | 474 | 471 | 380 | -30.7% |
| Total | 4,338 | 2,299 | 1,712 | 2,005 | -22.7% |
Top Suppliers of Electrical Insulators of Any Material to the Dominican Republic in 2022:
- China (371.9K units)
- United States (33.0K units)
- India (18.4K units)
- Mexico (11.9K units)
- Canada (8.3K units)
Exports of Electrical Insulators of Any Material in the Dominican Republic
In 2022, electrical insulators of any material exports from the Dominican Republic dropped markedly to 13K units, with a decrease of -68.9% compared with 2021 figures. Overall, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 5,309%. As a result, the exports reached the peak of 40K units, and then dropped remarkably in the following year.
In value terms, electrical insulators of any material exports declined sharply to $19K in 2022. Over the period under review, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 2,472%. Over the period under review, the exports hit record highs at $46K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electrical Insulators of Any Material in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.3 | 0.5 | 13.5 | 8.7 | -13.2% |
| Mexico | 10.3 | 0.3 | 7.8 | 6.0 | -16.5% |
| Haiti | 21.8 | 0.4 | 4.6 | 3.6 | -45.1% |
| Chile | N/A | N/A | 5.3 | N/A | 0% |
| Others | 0.5 | 0.1 | 4.8 | 0.4 | -7.2% |
| Total | 45.9 | 1.4 | 36.0 | 18.7 | -25.9% |
Top Export Markets for Electrical Insulators of Any Material from the Dominican Republic in 2022:
- United States (11.1K units)
- Mexico (0.8K units)
- Haiti (0.3K units)
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