Dominican Republic: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in the Dominican Republic

In 2022, after two years of decline, there was significant growth in the Dominican chain scoops and sliders market, when its value increased by 74% to $X. In general, consumption, however, recorded a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from the Dominican Republic

In 2022, overseas shipments of chain scoops, sliders, runners, end pieces and narrow strips decreased by -94.5% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of 397%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chain scoops and sliders exports fell significantly to $X in 2022. Overall, exports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2020 when exports increased by 499%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X kg) was the main destination for chain scoops and sliders exports from the Dominican Republic, accounting for a 80% share of total exports. Moreover, chain scoops and sliders exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Haiti totaled -23.7%.

In value terms, Haiti ($X) remains the key foreign market for chain scoops, sliders, runners, end pieces and narrow strips exports from the Dominican Republic, comprising 90% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti stood at -11.5%.

Export Prices by Country

The average chain scoops and sliders export price stood at $X per ton in 2022, rising by 42% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chain scoops and sliders export price increased by +46.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+15.9%).

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into the Dominican Republic

In 2022, supplies from abroad of chain scoops, sliders, runners, end pieces and narrow strips decreased by less than 0.1% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 78%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chain scoops and sliders imports expanded notably to $X in 2022. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2019 when imports increased by 21%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Peru (X tons) were the main suppliers of chain scoops and sliders imports to the Dominican Republic, together comprising 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +1.5%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of chain scoops, sliders, runners, end pieces and narrow strips to the Dominican Republic, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 23% share of total imports. It was followed by Peru, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.2% per year) and Peru (+1.3% per year).

Import Prices by Country

The average chain scoops and sliders import price stood at $X per ton in 2022, growing by 8.8% against the previous year. Over the period under review, the import price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, 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 Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :