Dominican Republic: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2024

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in the Dominican Republic

The Dominican bedding and furnishing article market surged to $X in 2022, with an increase of 44% against the previous year. Over the period under review, consumption posted a resilient increase. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in the Dominican Republic

In value terms, bedding and furnishing article production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from the Dominican Republic

Bedding and furnishing article exports from the Dominican Republic soared to X tons in 2022, jumping by 27% on the previous year. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 772% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, bedding and furnishing article exports surged to $X in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 472% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Haiti (X tons) and Panama (X kg) were the main destinations of bedding and furnishing article exports from the Dominican Republic, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Haiti (with a CAGR of +75.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Haiti ($X) and Panama ($X) constituted the largest markets for bedding and furnishing article exported from the Dominican Republic worldwide, with a combined 97% share of total exports.

Haiti, with a CAGR of +74.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average bedding and furnishing article export price stood at $X per ton in 2022, with an increase of 14% against the previous year. Overall, the export price recorded resilient growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 216% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Panama ($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 the United States (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into the Dominican Republic

In 2022, supplies from abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) increased by 41% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, bedding and furnishing article imports skyrocketed to $X in 2022. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 56%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bedding and furnishing article to the Dominican Republic, with a 40% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+25.1% per year) and the United States (+12.5% per year).

In value terms, China ($X) constituted the largest supplier of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) to the Dominican Republic, comprising 44% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by India, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.5% per year) and India (+23.9% per year).

Import Prices by Country

The average bedding and furnishing article import price stood at $X per ton in 2022, reducing by -10.3% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bedding and furnishing article import price decreased by -36.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 68%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained 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 the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform