Dominican Republic: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in the Dominican Republic

The Dominican table-tennis equipment market skyrocketed to $X in 2022, picking up by 88% 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). Over the period under review, consumption enjoyed a temperate expansion. Table-tennis equipment consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Table-Tennis Equipment Exports

Exports from the Dominican Republic

In 2022, the amount of articles and equipment for table-tennis exported from the Dominican Republic shrank to X kg, reducing by -12.1% compared with the previous year's figure. In general, exports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2015 with an increase of 440%. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, table-tennis equipment exports dropped remarkably to $X in 2022. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 185%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg), Antigua and Barbuda (X kg) and Haiti (X kg) were the main destinations of table-tennis equipment exports from the Dominican Republic, together comprising 94% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Antigua and Barbuda (with a CAGR of +64.4%), while the other leaders experienced more modest paces of growth.

In value terms, Antigua and Barbuda ($X) emerged as the key foreign market for articles and equipment for table-tennis exports from the Dominican Republic, comprising 54% of total exports. The second position in the ranking was taken by Haiti ($X), with a 16% share of total exports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Antigua and Barbuda totaled +101.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-22.0% per year) and the United States (+31.9% per year).

Export Prices by Country

The average table-tennis equipment export price stood at $X per ton in 2022, waning by -53.2% against the previous year. In general, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 512% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+145.9%), while the prices for the other major destinations experienced more modest paces of growth.

Table-Tennis Equipment Imports

Imports into the Dominican Republic

Table-tennis equipment imports into the Dominican Republic soared to X tons in 2022, with an increase of 145% against 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, table-tennis equipment imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 140%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and Spain (X tons) were the main suppliers of table-tennis equipment imports to the Dominican Republic, together comprising 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +54.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest table-tennis equipment suppliers to the Dominican Republic were China ($X), Germany ($X) and Spain ($X), together comprising 93% of total imports.

Among the main suppliers, Spain, with a CAGR of +49.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average table-tennis equipment import price amounted to $X per ton, shrinking by -42.1% against the previous year. Overall, the import price, however, saw prominent growth. The growth pace was the most rapid in 2019 when the average import price increased by 122%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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