Dominican Republic - Automotive Lighting - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAutomotive Lighting Price in the Dominican Republic - 2023
Contents:
- Automotive Lighting Price in the Dominican Republic (CIF) - 2022
- Automotive Lighting Price in the Dominican Republic (FOB) - 2022
- Automotive Lighting Imports in the Dominican Republic
- Automotive Lighting Exports in the Dominican Republic
Automotive Lighting Price in the Dominican Republic (CIF) - 2022
In 2022, the average automotive lighting import price amounted to $8.6 per unit, surging by 38% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The import price peaked at $27 per unit in 2016; however, from 2017 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 ($19 per unit), while the price for China ($6.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.5%), while the prices for the other major suppliers experienced a decline.
Automotive Lighting Price in the Dominican Republic (FOB) - 2022
In 2022, the average automotive lighting export price amounted to $3.5 per unit, leveling off at the previous year. Over the period under review, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 an increase of 44% against the previous year. Over the period under review, the average export prices reached the maximum at $12 per unit in 2016; however, from 2017 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 Turks and Caicos Islands ($6.6 per unit), while the average price for exports to the United States ($3.1 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 Turks and Caicos Islands (-1.4%), while the prices for the other major destinations experienced a decline.
Automotive Lighting Imports in the Dominican Republic
For the fourth consecutive year, the Dominican Republic recorded growth in purchases abroad of automotive lighting, which increased by 1.2% to 1.5M units in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% 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 +56.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, automotive lighting imports skyrocketed to $13M in 2022. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Automotive Lighting in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.5 | 4.2 | 6.2 | 8.3 | 14.7% |
| United States | 0.6 | 0.4 | 0.5 | 0.9 | 14.5% |
| Japan | 0.4 | 0.2 | 0.3 | 0.5 | 7.7% |
| India | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 1.8 | 1.4 | 2.1 | 3.1 | 19.9% |
| Total | 8.3 | 6.3 | 9.3 | 13.0 | 16.1% |
Top Suppliers of Automotive Lighting to the Dominican Republic in 2022:
- China (1329.2K units)
- Japan (64.0K units)
- United States (48.2K units)
- India (23.5K units)
Automotive Lighting Exports in the Dominican Republic
In 2022, overseas shipments of automotive lighting decreased by -45.1% to 18K units, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 135% against the previous year. As a result, the exports reached the peak of 60K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, automotive lighting exports reduced rapidly to $65K in 2022. Over the period under review, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 11%. As a result, the exports attained the peak of $149K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Automotive Lighting in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 51.6 | 47.1 | 62.6 | 46.2 | -3.6% |
| United States | 6.3 | 88.7 | 35.9 | 8.0 | 8.3% |
| Turks and Caicos Islands | 0.3 | 0.4 | 0.8 | 2.4 | 100.0% |
| Venezuela | 31.4 | 0.5 | 2.1 | N/A | -74.1% |
| Turkey | N/A | 4.7 | N/A | N/A | 0% |
| Others | 44.8 | 7.9 | 18.1 | 8.6 | -42.3% |
| Total | 134 | 149 | 119 | 65.2 | -21.3% |
Top Export Markets for Automotive Lighting from the Dominican Republic in 2022:
- Haiti (15.0K units)
- United States (2.6K units)
- Turks and Caicos Islands (0.4K units)
This report provides an in-depth analysis of the automotive lighting 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 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc 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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Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
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