Dominican Republic: Clutch Market 2025

Clutch Market Size in the Dominican Republic

In 2022, the Dominican clutch market increased by 31% to $X, rising for the second year in a row after two years of decline. In general, consumption saw resilient growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Clutch Exports

Exports from the Dominican Republic

In 2022, approx. X tons of clutches were exported from the Dominican Republic; increasing by 616% against 2021 figures. In general, exports showed a significant increase. The growth pace was the most rapid in 2017 when exports increased by 15,400% against the previous year. As a result, the exports reached the peak of X tons; afterwards, it flattened through to 2022.

In value terms, clutch exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 651%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Haiti (X tons) was the main destination for clutch exports from the Dominican Republic, accounting for a 72% share of total exports. Moreover, clutch exports to Haiti exceeded the volume sent to the second major destination, Guyana (X kg), fourfold. The third position in this ranking was taken by Panama (X kg), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti amounted to +105.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (+19.0% per year) and Panama (+97.7% per year).

In value terms, Haiti ($X) emerged as the key foreign market for clutches exports from the Dominican Republic, comprising 87% of total exports. The second position in the ranking was held by Guyana ($X), with a 10% share of total exports. It was followed by Panama, with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti amounted to +73.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (-26.8% per year) and Panama (+47.1% per year).

Export Prices by Country

The average clutch export price stood at $X per ton in 2022, shrinking by -39.1% against the previous year. Overall, the export price saw a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 918% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Panama ($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 (+0.4%), while the prices for the other major destinations experienced a decline.

Clutch Imports

Imports into the Dominican Republic

In 2022, the amount of clutches imported into the Dominican Republic skyrocketed to X tons, picking up by 28% against the year before. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 63% against the previous year. 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, clutch imports skyrocketed to $X in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 49%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main suppliers of clutch imports to the Dominican Republic, with a combined 81% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +20.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and the United States ($X) appeared to be the largest clutch suppliers to the Dominican Republic, together comprising 74% of total imports.

Among the main suppliers, Japan, with a CAGR of +20.1%, saw the highest rates of growth with regard to 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

The average clutch import price stood at $X per ton in 2022, rising by 6.4% against the previous year. Over the period under review, the import price recorded mild growth. The growth pace was the most rapid in 2016 an increase of 78%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 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 Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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