Price for Electrical Push-Button and Rotary Switch in the Dominican Republic - 2023
Contents:
- Price for Electrical Push-Button and Rotary Switch in the Dominican Republic (FOB) - 2022
- Price for Electrical Push-Button and Rotary Switch in the Dominican Republic (CIF) - 2023
- Exports of Electrical Push-Button and Rotary Switch in the Dominican Republic
- Imports of Electrical Push-Button and Rotary Switch in the Dominican Republic
Price for Electrical Push-Button and Rotary Switch in the Dominican Republic (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $18 per unit, surging by 64% against the previous year. Over the period under review, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 316% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($19 per unit), while the average price for exports to Haiti amounted to $2.7 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+38.4%).
Price for Electrical Push-Button and Rotary Switch in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $779 per thousand units, falling by -7.7% against the previous month. In general, the import price, however, posted notable growth. The pace of growth was the most pronounced in August 2022 an increase of 93% m-o-m. As a result, import price attained the peak level of $1.3 per unit. From September 2022 to March 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2.5 per unit), while the price for Japan ($178 per thousand units) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the United States (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Push-Button and Rotary Switch in the Dominican Republic
In 2022, shipments abroad of electrical push-button and rotary switches for under 1000 v decreased by -36.8% to 1.9M units, falling for the second consecutive year after two years of growth. In general, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, the exports attained the peak of 4.2M units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, electrical push-button and rotary switch exports expanded to $35M in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 371% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Electrical Push-Button and Rotary Switch in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.9 | 26.7 | 32.8 | 34.0 | 90.7% |
| Haiti | N/A | 0.2 | 0.2 | 0.4 | 41.4% |
| Netherlands | 0.9 | 0.5 | 0.3 | 0.4 | -23.7% |
| Others | N/A | N/A | 0.3 | 0.1 | -66.7% |
| Total | 5.8 | 27.5 | 33.7 | 34.9 | 81.9% |
Top Export Markets for Electrical Push-Button and Rotary Switch from the Dominican Republic in 2022:
- United States (1750.9K units)
- Haiti (148.3K units)
- Netherlands (10.2K units)
Imports of Electrical Push-Button and Rotary Switch in the Dominican Republic
Electrical push-button and rotary switch imports into the Dominican Republic reduced to 49M units in 2022, declining by -6.4% compared with the previous year's figure. Over the period under review, imports recorded a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 60%. As a result, imports attained the peak of 52M units, and then shrank in the following year.
In value terms, electrical push-button and rotary switch imports skyrocketed to $29M in 2022. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $29M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electrical Push-Button and Rotary Switch in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.8 | 5.3 | 8.7 | 10.1 | 20.3% |
| United States | 14.9 | 10.1 | 6.8 | 8.0 | -18.7% |
| Mexico | 2.1 | 1.9 | 2.9 | 3.3 | 16.3% |
| Dominica | 1.0 | 0.8 | 1.2 | 1.4 | 11.9% |
| Spain | 1.0 | 0.6 | 0.4 | 0.9 | -3.5% |
| South Korea | 0.6 | 0.2 | 0.5 | 0.6 | 0.0% |
| Japan | 0.4 | 0.3 | 0.4 | 0.5 | 7.7% |
| Others | 3.2 | 2.5 | 3.8 | 3.9 | 6.8% |
| Total | 29.0 | 21.9 | 24.6 | 28.6 | -0.5% |
Top Suppliers of Electrical Push-Button and Rotary Switch to the Dominican Republic in 2022:
- China (24.5M units)
- United States (8.9M units)
- Mexico (4.6M units)
- Dominica (3.3M units)
- Japan (1.4M units)
- South Korea (0.9M units)
- Spain (0.8M units)
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