Report Update: May 1, 2024

Dominican Republic - Radio Remote Control Apparatus - Market Analysis, Forecast, Size, Trends And Insights

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Remote Control Apparatus Price in the Dominican Republic - 2023

Remote Control Apparatus Price in the Dominican Republic (CIF) - 2022

The average remote control apparatus import price stood at $9.3 per unit in 2022, increasing by 132% against the previous year. Overall, the import price, however, recorded a perceptible decrease. Over the period under review, average import prices attained the maximum at $14 per unit in 2013; however, from 2014 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 Germany ($19 per unit), while the price for Spain ($8.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Remote Control Apparatus Price in the Dominican Republic (FOB) - 2022

In 2022, the average remote control apparatus export price amounted to $37 per unit, growing by 157% against the previous year. In general, the export price continues to indicate buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +83.4% per year.

Remote Control Apparatus Imports in the Dominican Republic

In 2022, purchases abroad of radio remote control apparatus was finally on the rise to reach 27K units after two years of decline. Overall, imports, however, continue to indicate a precipitous decline. Imports peaked at 226K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, remote control apparatus imports soared to $249K in 2022. In general, imports, however, faced a dramatic decline. Imports peaked at $749K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Remote Control Apparatus in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	111	111	36.3	206	22.9%
Germany	5.2	2.3	N/A	32.1	83.4%
United States	156	28.7	1.2	5.9	-66.4%
Spain	24.1	0.5	1.1	3.4	-47.9%
South Korea	30.7	4.3	N/A	N/A	-86.0%
Portugal	4.7	2.3	1.6	N/A	-41.7%
Others	418	223	58.8	1.2	-85.8%
Total	749	373	99.1	249	-30.7%

Top Suppliers of Remote Control Apparatus to the Dominican Republic in 2022:

China (24.3K units)
Germany (1.7K units)
United States (0.4K units)
Spain (0.4K units)

Remote Control Apparatus Exports in the Dominican Republic

In 2022, after three years of growth, there was significant decline in overseas shipments of radio remote control apparatus, when their volume decreased by -99.3% to 5 units. Over the period under review, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2020 with an increase of 32%. Over the period under review, the exports attained the peak figure at 671 units in 2021, and then fell remarkably in the following year.

In value terms, remote control apparatus exports shrank remarkably to $183 in 2022. Overall, exports saw a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Over the period under review, the exports reached the maximum at $9.6K in 2021, and then shrank markedly in the following year.

Export of Remote Control Apparatus in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	N/A	N/A	N/A	0.2	0%
Panama	0.1	N/A	0.1	N/A	0.0%
Canada	2.6	3.8	3.9	N/A	22.5%
Others	2.8	3.8	5.6	N/A	41.4%
Total	5.5	7.5	9.6	0.2	-66.9%

Top Export Markets for Remote Control Apparatus from the Dominican Republic in 2022:

United States (5.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the remote control apparatus 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 26512080 - Radio remote control apparatus (including for ships, pilotless aircraft, rockets, missiles, toys, and model ships or aircraft, for machines, for the detonation of mines)

Country coverage:

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