Dominican Republic: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in the Dominican Republic

The Dominican pressure-reducing iron valve market skyrocketed to $X in 2022, increasing by X% 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). In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pressure-Reducing Iron Valve Exports

Exports from the Dominican Republic

Pressure-reducing iron valve exports from the Dominican Republic declined markedly to X units in 2022, falling by X% on 2021. Over the period under review, exports, however, showed tangible growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports dropped rapidly to $X in 2022. In general, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X units) was the main destination for pressure-reducing iron valve exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, pressure-reducing iron valve exports to Haiti exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was held by France (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

In value terms, the largest markets for pressure-reducing iron valve exported from the Dominican Republic were the United States ($X), Haiti ($X) and Cuba ($X), together accounting for X% of total exports. France and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

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

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Pressure-Reducing Iron Valve Imports

Imports into the Dominican Republic

In 2022, the amount of pressure-reducing, control, check and safety valves imported into the Dominican Republic soared to X units, increasing by X% on the year before. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pressure-reducing iron valve imports skyrocketed to $X in 2022. In general, imports showed a measured increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Brazil (X units) were the main suppliers of pressure-reducing iron valve imports to the Dominican Republic, together accounting for X% of total imports. Spain, Japan, Mexico and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of pressure-reducing, control, check and safety valves to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Brazil (X% per year).

Import Prices by Country

The average pressure-reducing iron valve import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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