Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the Dominican Republic - 2023
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the Dominican Republic (CIF) - 2022
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the Dominican Republic
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the Dominican Republic (CIF) - 2022
The average import price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $2,446 per unit in 2022, waning by -17.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 126%. The import price peaked at $5,388 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($11,257 per unit), while the price for Spain ($791 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+331.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the Dominican Republic
In 2022, purchases abroad of furnaces and ovens; industrial or laboratory induction or dielectrics was finally on the rise to reach 163 units after two years of decline. In general, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics surged to $406K in 2022. Overall, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 227 | 17.2 | 7.4 | 250 | 3.3% |
| India | 0.1 | 3.3 | 7.7 | 67.5 | 777.2% |
| China | 0.4 | 0.6 | 6.9 | 24.7 | 295.3% |
| Spain | 27.7 | 7.4 | 7.7 | 12.7 | -22.9% |
| United Kingdom | 4.6 | 2.7 | 3.5 | 8.3 | 21.7% |
| Italy | 9.5 | 5.5 | 0.1 | 7.8 | -6.4% |
| Colombia | 6.2 | 3.1 | 3.4 | 6.1 | -0.5% |
| Mexico | 1.4 | 1.8 | 2.6 | 5.0 | 52.9% |
| Netherlands | 4.1 | 2.1 | 2.4 | 4.3 | 1.6% |
| Others | 2.2 | 3.2 | 11.8 | 19.1 | 105.5% |
| Total | 283 | 46.8 | 53.5 | 406 | 12.8% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to the Dominican Republic in 2022:
- United States (114.0 units)
- Spain (16.0 units)
- China (7.0 units)
- India (6.0 units)
- Mexico (4.0 units)
- United Kingdom (3.0 units)
- Colombia (3.0 units)
- Netherlands (2.0 units)
- Italy (2.0 units)
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