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Dominican Republic - Fluorescent Discharge Lamps - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDominican Republic: Fluorescent Discharge Lamps Market 2024
Fluorescent Discharge Lamps Market Size in the Dominican Republic
The Dominican fluorescent discharge lamps market rose markedly to $X in 2021, with an increase of 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.
Fluorescent Discharge Lamps Exports
Exports from the Dominican Republic
In 2021, shipments abroad of fluorescent discharge lamps was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a precipitous setback. The most prominent rate of growth was recorded in 2014 with an increase of 509% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, fluorescent discharge lamps exports expanded slightly to $X in 2021. In general, exports, however, faced a dramatic shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 491% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
Haiti (X units), the United States (X units) and Venezuela (X units) were the main destinations of fluorescent discharge lamps exports from the Dominican Republic, with a combined 93% share of total exports. Turks and Caicos Islands and Cuba lagged somewhat behind, together accounting for a further 6.8%.
From 2012 to 2021, the biggest increases were recorded for Cuba (with a CAGR of +60.9%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Haiti ($X) remains the key foreign market for fluorescent discharge lamps exports from the Dominican Republic, comprising 65% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Venezuela, with an 8.5% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Haiti totaled +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.4% per year) and Venezuela (-43.3% per year).
Export Prices by Country
In 2021, the average fluorescent discharge lamps export price amounted to $X per unit, shrinking by -16.8% against the previous year. Overall, the export price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 75% against the previous year. The export price peaked at $X per unit in 2020, and then reduced remarkably in the following year.
Prices varied noticeably country of destination: the country with the highest price was Venezuela ($X per unit), while the average price for exports to 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 recorded for supplies to Venezuela (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.
Fluorescent Discharge Lamps Imports
Imports into the Dominican Republic
In 2021, the amount of fluorescent discharge lamps imported into the Dominican Republic was estimated at X units, surging by 13% on the year before. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by 45%. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.
In value terms, fluorescent discharge lamps imports expanded rapidly to $X in 2021. Overall, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 19% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, China (X units) was the main supplier of fluorescent discharge lamps to the Dominican Republic, with a 95% share of total imports. It was followed by Mexico (X units), with a 1.1% share of total imports. The third position in this ranking was held by the United States (X units), with a 0.6% share.
From 2012 to 2021, the average annual growth rate of volume from China stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-7.1% per year) and the United States (-20.1% per year).
In value terms, China ($X) constituted the largest supplier of fluorescent discharge lamps to the Dominican Republic, comprising 78% of total imports. The second position in the ranking was held by Panama ($X), with a 6.9% share of total imports. It was followed by the United States, with a 6% share.
From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-7.8% per year) and the United States (-13.0% per year).
Import Prices by Country
The average fluorescent discharge lamps import price stood at $X per unit in 2021, remaining relatively unchanged against the previous year. In general, the import price showed a mild decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 32% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably country of origin: the country with the highest price was Panama ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+37.1%), 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 fluorescent discharge lamps 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 27401510 - Fluorescent hot cathode discharge lamps, with double ended cap (excluding ultraviolet lamps)
- Prodcom 27401530 - Fluorescent hot cathode discharge lamps (excluding ultraviolet lamps, with double ended cap)
- Prodcom 27401550 - Other discharge lamps (excluding ultraviolet lamps)
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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