Dominican Republic: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in the Dominican Republic

The Dominican market for footwear with uppers of textile materials rose notably to $X in 2022, with an increase of 8% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.2% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Footwear with Uppers of Textile Materials in the Dominican Republic

In value terms, production of footwear with uppers of textile materials expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +25.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 34%. Production of peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports from the Dominican Republic

In 2022, shipments abroad of footwear with uppers of textile materials increased by 22% to X pairs, rising for the second year in a row after two years of decline. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 453% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of footwear with uppers of textile materials skyrocketed to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 507%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X pairs) was the main destination for exports of footwear with uppers of textile materials from the Dominican Republic, accounting for a 87% share of total exports. Moreover, exports of footwear with uppers of textile materials to the United States exceeded the volume sent to the second major destination, Paraguay (X pairs), more than tenfold. The third position in this ranking was held by Panama (X pairs), with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+298.6% per year) and Panama (+93.7% per year).

In value terms, the United States ($X) remains the key foreign market for footwear with uppers of textile materials exports from the Dominican Republic, comprising 89% of total exports. The second position in the ranking was held by Paraguay ($X), with a 4.1% share of total exports. It was followed by Sri Lanka, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+316.5% per year) and Sri Lanka (0.0% per year).

Export Prices by Country

In 2022, the average export price for footwear with uppers of textile materials amounted to $X per pair, surging by 14% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for footwear with uppers of textile materials increased by +67.7% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 the United States ($X per pair), while the average price for exports to Portugal ($X per pair) 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 (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Footwear with Uppers of Textile Materials

Imports into the Dominican Republic

In 2022, purchases abroad of footwear with uppers of textile materials was finally on the rise to reach X pairs for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 76%. As a result, imports attained the peak of X pairs. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of footwear with uppers of textile materials surged to $X in 2022. Overall, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by 47% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X pairs) was the main supplier of footwear with uppers of textile materials to the Dominican Republic, with a 91% share of total imports. It was followed by Spain (X pairs), with a 2.3% share of total imports. Vietnam (X pairs) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.0% per year) and Vietnam (-4.9% per year).

In value terms, China ($X) constituted the largest supplier of footwear with uppers of textile materials to the Dominican Republic, comprising 80% of total imports. The second position in the ranking was held by Spain ($X), with a 3.3% share of total imports. It was followed by Vietnam, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.3% per year) and Vietnam (-3.0% per year).

Import Prices by Country

The average import price for footwear with uppers of textile materials stood at $X per pair in 2022, declining by -3.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 65% against the previous year. The import price peaked at $X per pair in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per pair), while the price for the United States ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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