Report Update: Apr 1, 2024

Dominican Republic - Furnace Burners For Solid Fuel Or Gas - Market Analysis, Forecast, Size, Trends And Insights

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Price for Solid Fuel Furnace Burner in the Dominican Republic - 2023

Price for Solid Fuel Furnace Burner in the Dominican Republic (CIF) - 2022

In 2022, the average solid fuel furnace burner import price amounted to $102 per unit, reducing by -12.9% against the previous year. Overall, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 104% against the previous year. Over the period under review, average import prices reached the peak figure at $519 per unit in 2015; however, from 2016 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 the United States ($820 per unit), while the price for China ($79 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 (+5.2%), while the prices for the other major suppliers experienced a decline.

Price for Solid Fuel Furnace Burner in the Dominican Republic (FOB) - 2022

The average solid fuel furnace burner export price stood at $36 per unit in 2022, with a decrease of -87.7% against the previous year. Overall, the export price faced a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 218% against the previous year. The export price peaked at $292 per unit in 2021, and then reduced sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +97.7% per year.

Imports of Solid Fuel Furnace Burner in the Dominican Republic

In 2022, solid fuel furnace burner imports into the Dominican Republic surged to 13K units, growing by 98% against 2021 figures. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 178%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, solid fuel furnace burner imports surged to $1.4M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Solid Fuel Furnace Burner in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	441	57.9	438	930	28.2%
United States	32.8	169	19.6	170	73.1%
Italy	15.5	5.3	9.3	127	101.6%
Spain	67.5	14.1	27.0	121	21.5%
Germany	0.1	687	6.4	26.3	540.7%
Taiwan (Chinese)	16.8	7.5	50.3	N/A	73.0%
Others	588	120	250	3.3	-82.2%
Total	1,162	1,061	801	1,378	5.8%

Top Suppliers of Solid Fuel Furnace Burner to the Dominican Republic in 2022:

Germany (undefinedK units)
China (11.8K units)
Italy (1.2K units)
Spain (0.3K units)
United States (0.2K units)

Exports of Solid Fuel Furnace Burner in the Dominican Republic

In 2022, after three years of growth, there was significant decline in shipments abroad of furnace burners for solid fuel or gas, when their volume decreased by -70.4% to 8 units. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,050%. Over the period under review, the exports reached the maximum at 27 units in 2021, and then fell sharply in the following year.

In value terms, solid fuel furnace burner exports reduced notably to $302 in 2022. Overall, exports faced a abrupt decrease. The growth pace was the most rapid in 2020 when exports increased by 821% against the previous year. The exports peaked at $8K in 2021, and then declined remarkably in the following year.

Export of Solid Fuel Furnace Burner in the Dominican Republic (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Haiti	79.0	374	161	302	56.4%
United States	93.0	604	469	N/A	124.6%
Cuba	213	2,169	4,280	N/A	348.3%
Italy	N/A	258	1,130	N/A	338.0%
Jamaica	75.0	832	1,975	N/A	413.2%
Others	N/A	1.0	N/A	N/A	0%
Total	460	4,238	8,015	302	-13.1%

Top Export Markets for Solid Fuel Furnace Burner from the Dominican Republic in 2022:

Haiti (8.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for solid fuel furnace burner 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 28211150 - Furnace burners for solid fuel or gas (including combination burners)

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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