Dominican Republic: Market for Finishing Agents Used In The Textile Industry 2024

Market Size for Finishing Agents Used In The Textile Industry in the Dominican Republic

In 2022, the Dominican textile industry finishing agents market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a prominent expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Finishing Agents Used In The Textile Industry

Exports from the Dominican Republic

In 2022, approx. X tons of finishing agents used in the textile industry were exported from the Dominican Republic; jumping by X% compared with the previous year. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, textile industry finishing agents exports surged to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Haiti (X tons) was the main destination for textile industry finishing agents exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, textile industry finishing agents exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), fivefold. Honduras (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Honduras (X% per year).

In value terms, Haiti ($X) emerged as the key foreign market for finishing agents used in the textile industry exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Honduras ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and the United States (X% per year).

Export Prices by Country

The average textile industry finishing agents export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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 Honduras ($X per ton), while the average price for exports to Barbados ($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 Honduras (X%), while the prices for the other major destinations experienced a decline.

Imports of Finishing Agents Used In The Textile Industry

Imports into the Dominican Republic

In 2022, overseas purchases of finishing agents used in the textile industry increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, textile industry finishing agents imports soared to $X in 2022. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), Honduras (X tons) and Guatemala (X tons) were the main suppliers of textile industry finishing agents imports to the Dominican Republic, together comprising X% of total imports. India, Colombia, Mexico and China lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest textile industry finishing agents suppliers to the Dominican Republic were the United States ($X), Honduras ($X) and Guatemala ($X), together accounting for X% of total imports. India, Colombia, China and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Colombia, with a CAGR of X%, recorded the highest growth rate of 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 textile industry finishing agents import price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 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 China ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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