Dominican Republic: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2024

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in the Dominican Republic

The Dominican market for central heating boilers, for producing hot water or low pressure steam expanded remarkably to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a deep slump. Consumption of peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in the Dominican Republic

In value terms, production of central heating boilers, for producing hot water or low pressure steam expanded markedly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports from the Dominican Republic

In 2023, shipments abroad of central heating boilers, for producing hot water or low pressure steam decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam amounted to $X in 2023. Overall, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from the Dominican Republic, with a X% share of total exports. Moreover, exports of central heating boilers, for producing hot water or low pressure steam to the United States exceeded the volume sent to the second major destination, Haiti (X units), twofold.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States amounted to X%.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average export price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2023, approximately mirroring the previous year. In general, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2023, the 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 the United States ($X per unit), while the average price for exports to Haiti stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports into the Dominican Republic

In 2023, approx. X units of central heating boilers, for producing hot water or low pressure steam were imported into the Dominican Republic; with an increase of X% compared with the previous year's figure. In general, imports, however, continue to indicate a significant decline. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam surged to $X in 2023. Over the period under review, imports, however, faced a precipitous contraction. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

The United States (X units), Switzerland (X units) and Spain (X units) were the main suppliers of imports of central heating boilers, for producing hot water or low pressure steam to the Dominican Republic, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of central heating boilers, for producing hot water or low pressure steam to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average import price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price showed significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform