Dominican Republic: Smoothing Iron Market 2025

Smoothing Iron Market Size in the Dominican Republic

The Dominican smoothing iron market soared to $X in 2021, surging by 28% 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). In general, consumption posted a measured increase. Smoothing iron consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Smoothing Iron Exports

Exports from the Dominican Republic

In 2021, the amount of electric smoothing irons exported from the Dominican Republic skyrocketed to X units, picking up by 1,031% on the year before. Over the period under review, exports, however, recorded a deep setback. The growth pace was the most rapid in 2016 with an increase of 1,340%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, smoothing iron exports skyrocketed to $X in 2021. In general, exports, however, saw a dramatic slump. The pace of growth appeared the most rapid in 2016 when exports increased by 728%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for smoothing iron exports from the Dominican Republic, accounting for a 91% share of total exports. Moreover, smoothing iron exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +75.5%.

In value terms, the United States ($X) and Haiti ($X) constituted the largest markets for smoothing iron exported from the Dominican Republic worldwide.

Among the main countries of destination, the United States, with a CAGR of +56.1%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average smoothing iron export price stood at $X per unit in 2021, falling by -83.9% against the previous year. In general, the export price saw a abrupt decrease. The growth pace was the most rapid in 2020 when the average export price increased by 124%. As a result, the export price reached the peak level of $X per unit, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+9.1%).

Smoothing Iron Imports

Imports into the Dominican Republic

In 2021, approx. X units of electric smoothing irons were imported into the Dominican Republic; growing by 2.2% on 2020 figures. Overall, imports showed prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 119% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, smoothing iron imports soared to $X in 2021. In general, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 75% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main smoothing iron supplier to the Dominican Republic, with a 96% share of total imports. It was followed by the United States (X units), with a 2.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.5% per year) and Spain (-42.2% per year).

In value terms, China ($X) constituted the largest supplier of electric smoothing irons to the Dominican Republic, comprising 95% of total imports. The second position in the ranking was taken by the United States ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.3% per year) and Spain (-39.8% per year).

Import Prices by Country

In 2021, the average smoothing iron import price amounted to $X per unit, with an increase of 54% against the previous year. Over the period under review, the import price, however, saw a perceptible contraction. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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