Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Dominican Republic - 2023

Contents:

1. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Dominican Republic (CIF) - 2023
2. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Dominican Republic (FOB) - 2022
3. Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Dominican Republic
4. Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Dominican Republic

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $170 per unit, growing by 142% against the previous month. In general, the import price posted a prominent expansion. The pace of growth appeared the most rapid in September 2022 an increase of 315% month-to-month. As a result, import price reached the peak level of $219 per unit. From October 2022 to March 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($77.8 per unit), while the price for China ($47.1 per unit) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.8%), while the prices for the other major suppliers experienced a decline.

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Dominican Republic (FOB) - 2022

In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $78 per unit, increasing by 35% against the previous year. Overall, the export price saw a prominent increase. The growth pace was the most rapid in 2018 when the average export price increased by 133% against the previous year. As a result, the export price attained the peak level of $177 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($89 per unit), while the average price for exports to the United States totaled $79 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Dominican Republic

In 2022, imports of refrigerating or freezing equipment; parts thereof, other than furniture into the Dominican Republic declined to 121K units, which is down by -14.9% on 2021 figures. In general, imports faced a deep downturn. The smallest decline of -5.4% was in 2020. Imports peaked at 173K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture declined rapidly to $7.5M in 2022. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Imports peaked at $11M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to the Dominican Republic in 2022:

1. China (38.2K units)
2. United States (24.7K units)
3. Spain (22.2K units)
4. Mexico (16.6K units)
5. Brazil (9.3K units)
6. Italy (7.9K units)
7. Colombia (0.4K units)
8. Netherlands (0.1K units)
9. Guatemala (0.1K units)

Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in the Dominican Republic

In 2022, shipments abroad of refrigerating or freezing equipment; parts thereof, other than furniture decreased by -33.1% to 6.1K units, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 123% against the previous year. As a result, the exports reached the peak of 9.9K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture contracted to $477K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 92% against the previous year. As a result, the exports reached the peak of $581K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from the Dominican Republic in 2022:

1. United States (6.1K units)

Source: IndexBox Market Intelligence Platform