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Dominican Republic - Electric Smoothing Irons - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSmoothing Iron Price in the Dominican Republic - 2023
Contents:
- Smoothing Iron Price in the Dominican Republic (CIF) - 2023
- Smoothing Iron Price in the Dominican Republic (FOB) - 2022
- Smoothing Iron Imports in the Dominican Republic
- Smoothing Iron Exports in the Dominican Republic
Smoothing Iron Price in the Dominican Republic (CIF) - 2023
In March 2023, the average smoothing iron import price amounted to $20.9 per unit, growing by 33% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 49% against the previous month. Over the period under review, average import prices hit record highs at $26.5 per unit in April 2022; however, from May 2022 to March 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From March 2022 to March 2023, the rate of growth in terms of prices for China amounted to -0.5% per month.
Smoothing Iron Price in the Dominican Republic (FOB) - 2022
The average smoothing iron export price stood at $33 per unit in 2022, jumping by 129% against the previous year. In general, the export price enjoyed a modest increase. The export price peaked at $89 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($38 per unit), while the average price for exports to the United States ($8.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.
Smoothing Iron Imports in the Dominican Republic
Smoothing iron imports into the Dominican Republic contracted slightly to 115K units in 2022, dropping by -2.3% on 2021. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 3.1% against the previous year. Imports peaked at 159K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, smoothing iron imports expanded markedly to $2M in 2022. Over the period under review, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +3.1% 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 +66.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Smoothing Iron in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,424 | 1,093 | 1,761 | 1,858 | 9.3% |
United States | 284 | 30.4 | 66.4 | 70.5 | -37.2% |
Others | 70.4 | 50.6 | 19.8 | 23.1 | -31.0% |
Total | 1,779 | 1,174 | 1,847 | 1,951 | 3.1% |
Top Suppliers of Smoothing Iron to the Dominican Republic in 2022:
- China (110.5K units)
- United States (3.7K units)
Smoothing Iron Exports in the Dominican Republic
Smoothing iron exports from the Dominican Republic shrank dramatically to 230 units in 2022, dropping by -88% against the previous year's figure. Overall, exports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 1,017%. As a result, the exports attained the peak of 1.9K units, and then declined significantly in the following year.
In value terms, smoothing iron exports contracted dramatically to $7.6K in 2022. Over the period under review, exports faced a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by 82%. As a result, the exports attained the peak of $28K, and then contracted sharply in the following year.
Export of Smoothing Iron in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Haiti | 5.9 | 14.5 | 10.2 | 6.7 | 4.3% |
Mexico | N/A | 0.1 | N/A | 0.4 | 100.0% |
United States | 5.2 | 0.1 | 16.9 | 0.3 | -61.4% |
Others | 7.2 | 0.5 | 0.6 | 0.2 | -69.7% |
Total | 18.3 | 15.3 | 27.7 | 7.6 | -25.4% |
Top Export Markets for Smoothing Iron from the Dominican Republic in 2022:
- Haiti (176.0 units)
- United States (38.0 units)
- Mexico (10.0 units)
This report provides an in-depth analysis of the smoothing iron 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 27512370 - Electric smoothing irons
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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