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Dominican Republic - Electric Filament Lamps - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDominican Republic: Electric Filament Lamp Market 2024
Electric Filament Lamp Market Size in the Dominican Republic
In 2021, the Dominican electric filament lamp market increased by 82% to $X, rising for the second consecutive year after four years of decline. In general, consumption posted a perceptible increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.
Electric Filament Lamp Exports
Exports from the Dominican Republic
In 2021, exports of electric filament lamps from the Dominican Republic dropped remarkably to X units, declining by -15.7% compared with the year before. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 233%. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.
In value terms, electric filament lamp exports surged to $X in 2021. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 553% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.
Exports by Country
The United States (X units) was the main destination for electric filament lamp exports from the Dominican Republic, with a 257% share of total exports. Moreover, electric filament lamp exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), fivefold.
From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +50.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+29.2% per year) and Curacao (+144.2% per year).
In value terms, the United States ($X) remains the key foreign market for electric filament lamps exports from the Dominican Republic, comprising 61% of total exports. The second position in the ranking was taken by Haiti ($X), with a 26% share of total exports.
From 2012 to 2021, the average annual growth rate of value to the United States stood at +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+22.5% per year) and Curacao (+106.1% per year).
Export Prices by Country
The average electric filament lamp export price stood at $X per unit in 2021, growing by 174% against the previous year. Overall, the export price saw buoyant growth. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Curacao ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-5.1%), while the prices for the other major destinations experienced a decline.
Electric Filament Lamp Imports
Imports into the Dominican Republic
In 2021, overseas purchases of electric filament lamps increased by 82% to X units, rising for the second consecutive year after three years of decline. In general, imports saw a temperate increase. The most prominent rate of growth was recorded in 2020 with an increase of 484% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.
In value terms, electric filament lamp imports skyrocketed to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 180% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, China (X units) constituted the largest electric filament lamp supplier to the Dominican Republic, accounting for a 59% share of total imports. Moreover, electric filament lamp imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. The third position in this ranking was taken by Japan (X units), with a 1.6% share.
From 2012 to 2021, the average annual growth rate of volume from China stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.9% per year) and Japan (-3.9% per year).
In value terms, China ($X) constituted the largest supplier of electric filament lamps to the Dominican Republic, comprising 97% of total imports. The second position in the ranking was held by the United States ($X), with a 5.2% share of total imports. It was followed by Japan, with a 2.5% share.
From 2012 to 2021, the average annual growth rate of value from China stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.8% per year) and Japan (-1.4% per year).
Import Prices by Country
The average electric filament lamp import price stood at $X per unit in 2021, with a decrease of -3.5% against the previous year. In general, the import price recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 191%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the electric filament lamp 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 27401300 - Filament lamps of a power . .200 W and for a voltage > .100 V including reflector lamps (excluding ultraviolet, infrared lamps, t ungsten halogen filament lamps and sealed beam lamp units)
- Prodcom 27401460 - Filament lamps for motorcycles or other motor vehicles excluding sealed beam lamp units, tungsten halogen lamps
- Prodcom 27401490 - Filament lamps n.e.c.
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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