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Dominican Republic - Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lighting Equipment for Motor Vehicles in the Dominican Republic - 2023
Contents:
- Price for Lighting Equipment for Motor Vehicles in the Dominican Republic (CIF) - 2022
- Price for Lighting Equipment for Motor Vehicles in the Dominican Republic (FOB) - 2022
- Imports of Lighting Equipment for Motor Vehicles in the Dominican Republic
- Exports of Lighting Equipment for Motor Vehicles in the Dominican Republic
Price for Lighting Equipment for Motor Vehicles in the Dominican Republic (CIF) - 2022
The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $7.8 per unit in 2022, with an increase of 36% against the previous year. In general, the import price, however, saw a deep contraction. Over the period under review, average import prices reached the maximum at $26 per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 the United States ($19 per unit), while the price for China ($5.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Lighting Equipment for Motor Vehicles in the Dominican Republic (FOB) - 2022
The average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $3.6 per unit in 2022, with a decrease of -9.8% against the previous year. In general, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 129% against the previous year. Over the period under review, the average export prices reached the peak figure at $8.5 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($3.4 per unit), while the average price for exports to the United States amounted to $3.2 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-9.5%).
Imports of Lighting Equipment for Motor Vehicles in the Dominican Republic
Lighting equipment for motor vehicles imports into the Dominican Republic stood at 1.7M units in 2022, remaining relatively unchanged against the previous year's figure. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, lighting equipment for motor vehicles imports soared to $13M in 2022. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Lighting Equipment for Motor Vehicles in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.7 | 4.3 | 6.5 | 8.6 | 14.7% |
United States | 0.6 | 0.4 | 0.5 | 0.9 | 14.5% |
Japan | 0.4 | 0.2 | 0.3 | 0.5 | 7.7% |
Others | 1.9 | 1.5 | 2.2 | 3.3 | 20.2% |
Total | 8.6 | 6.5 | 9.6 | 13.2 | 15.4% |
Top Suppliers of Lighting Equipment for Motor Vehicles to the Dominican Republic in 2022:
- China (1507.1K units)
- Japan (64.0K units)
- United States (48.3K units)
Exports of Lighting Equipment for Motor Vehicles in the Dominican Republic
In 2022, overseas shipments of electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by -20.9% to 34K units, falling for the second year in a row after two years of growth. In general, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 85%. As a result, the exports reached the peak of 70K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, lighting equipment for motor vehicles exports contracted remarkably to $123K in 2022. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 3.7%. As a result, the exports reached the peak of $210K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Lighting Equipment for Motor Vehicles in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Haiti | 119 | 108 | 113 | 104 | -4.4% |
United States | 6.3 | 88.8 | 38.1 | 8.3 | 9.6% |
Venezuela | 31.7 | 0.5 | 2.1 | 0.2 | -81.5% |
Turkey | N/A | 4.7 | N/A | N/A | 0% |
Others | 45.4 | 8.3 | 19.5 | 11.0 | -37.7% |
Total | 202 | 210 | 173 | 123 | -15.2% |
Top Export Markets for Lighting Equipment for Motor Vehicles from the Dominican Republic in 2022:
- Haiti (30.6K units)
- United States (2.6K units)
- Venezuela (0.1K units)
This report provides an in-depth analysis of the market for lighting equipment for motor vehicles 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 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc lamps)
- Prodcom 29312310 - Electrical or battery operated lighting or visual signalling of a kind used on bicycles
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the world's top import markets for lighting equipment for motor vehicles in 2023. Learn about the key countries driving the global trade of automotive lighting components.
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Discover the top import markets for automotive lighting in 2023, including the United States, Germany, China, and more. Explore key statistics and import values in the automotive industry.
Explore the world's top import markets for lighting equipment for motor vehicles in 2023. Learn about the key countries driving the global trade of automotive lighting components.
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
Discover the top import markets for automotive lighting in 2023, including the United States, Germany, China, and more. Explore key statistics and import values in the automotive industry.