Dominican Republic - Electric Filament Lamps - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Dominican Republic - Electric Filament Lamps - Market Analysis, Forecast, Size, Trends and Insights

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Electric Filament Lamp Price in the Dominican Republic - 2023

Contents:

  1. Electric Filament Lamp Price in the Dominican Republic (CIF) - 2023
  2. Electric Filament Lamp Price in the Dominican Republic (FOB) - 2022
  3. Electric Filament Lamp Imports in the Dominican Republic
  4. Electric Filament Lamp Exports in the Dominican Republic

Electric Filament Lamp Price in the Dominican Republic (CIF) - 2023

The average electric filament lamp import price stood at $790 per thousand units in March 2023, reducing by -17.4% against the previous month. In general, the import price recorded a deep setback. The growth pace was the most rapid in October 2022 when the average import price increased by 171% against the previous month. The import price peaked at $2.8 per unit in July 2022; however, from August 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 -9.3% per month.

Electric Filament Lamp Price in the Dominican Republic (FOB) - 2022

In 2022, the average electric filament lamp export price amounted to $1.6 per unit, picking up by 107% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 261% against the previous year. As a result, the export price attained the peak level of $4.8 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Curacao ($15 per unit), while the average price for exports to Cuba ($0.6 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 Curacao (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Filament Lamp Imports in the Dominican Republic

In 2022, approx. 7.9M units of electric filament lamps were imported into the Dominican Republic; picking up by 16% on 2021 figures. The total import volume increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, electric filament lamp imports soared to $6.5M in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 56%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Electric Filament Lamp in the Dominican Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.92.23.85.441.6%
United States0.30.20.20.410.1%
Germany0.10.10.10.10.0%
Others0.90.30.30.5-17.8%
Total3.22.84.46.526.6%

Top Suppliers of Electric Filament Lamp to the Dominican Republic in 2022:

  1. China (7.4M units)
  2. Germany (0.2M units)
  3. United States (0.1M units)

Electric Filament Lamp Exports in the Dominican Republic

In 2022, the amount of electric filament lamps exported from the Dominican Republic dropped rapidly to 29K units, falling by -48.2% on the previous year. In general, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 181%. As a result, the exports attained the peak of 56K units, and then declined notably in the following year.

In value terms, electric filament lamp exports rose sharply to $47K in 2022. Overall, exports, however, continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2021 with an increase of 131% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Export of Electric Filament Lamp in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States6.47.126.813.528.2%
Haiti9.23.911.47.9-5.0%
CuracaoN/A0.10.37.8783.2%
GuatemalaN/AN/AN/A5.30%
France2.20.3N/A3.415.6%
Cuba1.03.15.12.026.0%
Guyana6.42.4N/A0.1-75.0%
Others17.92.20.57.2-26.2%
Total43.119.144.147.23.1%

Top Export Markets for Electric Filament Lamp from the Dominican Republic in 2022:

  1. Guyana (undefinedK units)
  2. United States (20.2K units)
  3. Cuba (3.5K units)
  4. Haiti (2.8K units)
  5. Guatemala (1.1K units)
  6. France (0.7K units)
  7. Curacao (0.5K units)

Source: IndexBox Market Intelligence Platform

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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In 2016, the amount of lamp imported worldwide amounted to X tons, lowering by -X% against the previous year figure. Overall, lamp imports continue to indicate a moderate decrease. The pace of ...

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