Dominican Republic: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2024

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in the Dominican Republic

The Dominican market for blankets and travelling rugs of synthetic fibres dropped modestly to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in the Dominican Republic

In value terms, travelling rugs of synthetic fibre production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild expansion. The pace of growth was the most pronounced in 2013 with an increase of 28%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from the Dominican Republic

In 2022, overseas shipments of blankets and travelling rugs of synthetic fibres were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2017 with an increase of 770% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, travelling rugs of synthetic fibre exports expanded notably to $X in 2022. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2014 with an increase of 203%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for travelling rugs of synthetic fibre exports from the Dominican Republic, with a 92% share of total exports. Moreover, travelling rugs of synthetic fibre exports to the United States exceeded the volume sent to the second major destination, Costa Rica (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +62.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+42.9% per year) and Chile (-7.5% per year).

In value terms, the United States ($X) remains the key foreign market for blankets and travelling rugs of synthetic fibres exports from the Dominican Republic, comprising 87% of total exports. The second position in the ranking was held by Chile ($X), with a 4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +75.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+3.5% per year) and Costa Rica (+44.6% per year).

Export Prices by Country

In 2022, the average export price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, surging by 5.1% against the previous year. In general, the export price, however, continues to indicate a mild slump. The pace of growth appeared the most rapid in 2016 an increase of 148%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Costa Rica ($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 Jamaica (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into the Dominican Republic

In 2022, travelling rugs of synthetic fibre imports into the Dominican Republic skyrocketed to X units, increasing by 20% on 2021 figures. In general, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 190% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, travelling rugs of synthetic fibre imports surged to $X in 2022. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 156% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of travelling rugs of synthetic fibre to the Dominican Republic, with a 65% share of total imports. Moreover, travelling rugs of synthetic fibre imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was taken by India (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.2% per year) and India (+27.2% per year).

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of synthetic fibres to the Dominican Republic, comprising 74% of total imports. The second position in the ranking was taken by India ($X), with a 9.9% share of total imports. It was followed by the United States, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.8% per year) and the United States (+10.2% per year).

Import Prices by Country

In 2022, the average import price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, surging by 27% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 121% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average 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 Spain ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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