Price for Shavers; with Self-Contained Electric Motor in the Dominican Republic - 2023

Contents:

1. Price for Shavers; with Self-Contained Electric Motor in the Dominican Republic (CIF) - 2022
2. Price for Shavers; with Self-Contained Electric Motor in the Dominican Republic (FOB) - 2022
3. Imports of Shavers; with Self-Contained Electric Motor in the Dominican Republic
4. Exports of Shavers; with Self-Contained Electric Motor in the Dominican Republic

Price for Shavers; with Self-Contained Electric Motor in the Dominican Republic (CIF) - 2022

The average import price for shavers; with self-contained electric motors stood at $2.7 per unit in 2022, waning by -31.8% against the previous year. Over the period under review, the import price faced a precipitous shrinkage. The pace of growth was the most pronounced in 2017 an increase of 330% against the previous year. Over the period under review, average import prices hit record highs at $241 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($25 per unit), while the price for China ($8.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+26.3%), while the prices for the other major suppliers experienced a decline.

Price for Shavers; with Self-Contained Electric Motor in the Dominican Republic (FOB) - 2022

In 2022, the average export price for shavers; with self-contained electric motors amounted to $19 per unit, falling by -17.7% against the previous year. In general, the export price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 44%. As a result, the export price attained the peak level of $33 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($36 per unit), while the average price for exports to Turks and Caicos Islands totaled $8 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turks and Caicos Islands (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shavers; with Self-Contained Electric Motor in the Dominican Republic

After three years of growth, supplies from abroad of shavers; with self-contained electric motors decreased by -2.1% to 63K units in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 109%. As a result, imports attained the peak of 65K units, and then fell in the following year.

In value terms, shavers; with self-contained electric motor imports contracted remarkably to $173K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of $259K, and then contracted markedly in the following year.

Top Suppliers of Shavers; with Self-Contained Electric Motor to the Dominican Republic in 2022:

1. China (15.2K units)
2. United States (0.8K units)
3. Mexico (0.6K units)
4. Spain (0.6K units)

Exports of Shavers; with Self-Contained Electric Motor in the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in shipments abroad of shavers; with self-contained electric motors, which decreased by 0% to 8 units in 2022. Overall, exports continue to indicate a deep contraction. The smallest decline of -10% was in 2020. Over the period under review, the exports reached the peak figure at 10 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, shavers; with self-contained electric motor exports dropped significantly to $153 in 2022. In general, exports recorded a abrupt downturn. The smallest decline of -14.7% was in 2021. The exports peaked at $291 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Shavers; with Self-Contained Electric Motor from the Dominican Republic in 2022:

1. United States (4.0 units)
2. Turks and Caicos Islands (1.0 units)

Source: IndexBox Market Intelligence Platform