Report Update Nov 1, 2024

Dominican Republic - Furniture, Bases and Covers for Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in the Dominican Republic

The Dominican sewing machine furniture market skyrocketed to $X in 2022, with an increase of 128% 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 saw a significant increase. Sewing machine furniture consumption peaked in 2022 and is expected to retain growth in the near future.

Sewing Machine Furniture Exports

Exports from the Dominican Republic

After three years of decline, shipments abroad of furniture, bases and covers for sewing machines increased by 97% to X tons in 2022. Overall, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 165% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sewing machine furniture exports skyrocketed to $X in 2022. In general, exports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 242%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Haiti (X tons) and Nicaragua (X kg) were the main destinations of sewing machine furniture exports from the Dominican Republic, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Haiti (with a CAGR of +11.5%), while shipments for the other leaders experienced a decline.

In value terms, Haiti ($X) remains the key foreign market for furniture, bases and covers for sewing machines exports from the Dominican Republic, comprising 77% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti amounted to +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-14.7% per year) and Nicaragua (-54.9% per year).

Export Prices by Country

The average sewing machine furniture export price stood at $X per ton in 2022, waning by -24.3% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 130% against the previous year. The export price peaked at $X per ton in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Nicaragua ($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 Haiti (+18.9%), while the prices for the other major destinations experienced a decline.

Sewing Machine Furniture Imports

Imports into the Dominican Republic

In 2022, approx. X tons of furniture, bases and covers for sewing machines were imported into the Dominican Republic; rising by 178% against 2021. Overall, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sewing machine furniture imports soared to $X in 2022. Over the period under review, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sewing machine furniture to the Dominican Republic, accounting for a 66% share of total imports. Moreover, sewing machine furniture imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.4% per year) and Spain (+38.1% per year).

In value terms, the United States ($X), China ($X) and Spain ($X) appeared to be the largest sewing machine furniture suppliers to the Dominican Republic, together comprising 89% of total imports.

Among the main suppliers, Spain, with a CAGR of +37.8%, saw 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

In 2022, the average sewing machine furniture import price amounted to $X per ton, falling by -24.5% against the previous year. Overall, the import price saw a mild curtailment. The growth pace was the most rapid in 2017 an increase of 18%. The import price peaked at $X per ton in 2021, and then fell markedly in the following year.

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 South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furniture, bases and covers for sewing machines in the world?

The countries with the highest volumes of in 2021 were China, Nigeria and Vietnam, together accounting for 39% of global consumption. The United States, Russia, Kyrgyzstan, Japan, Germany, Indonesia, Turkey and Hong Kong SAR lagged somewhat behind, together accounting for a further 36%.

What are the largest producers of furniture, bases and covers for sewing machines in the world?

China constituted the country with the largest volume of sewing machine furniture production, comprising approx. 73% of total volume. Moreover, sewing machine furniture production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was occupied by Germany, with a 3% share.

What are the leading suppliers of furniture, bases and covers for sewing machines to the Dominican Republic?

In value terms, the largest sewing machine furniture suppliers to the Dominican Republic were China and South Korea.

What are the leading importers of furniture, bases and covers for sewing machines from the Dominican Republic?

In value terms, Cuba, Haiti and Honduras appeared to be the largest markets for sewing machine furniture exported from the Dominican Republic worldwide, together comprising 99% of total exports.

What is the average export price for furniture, bases and covers for sewing machines in the Dominican Republic?

The average sewing machine furniture export price stood at $33,281 per ton in 2021, with an increase of 19% against the previous year.

What is the average import price for furniture, bases and covers for sewing machines in the Dominican Republic?

In 2021, the average sewing machine furniture import price amounted to $27,317 per ton, which is down by -11.3% against the previous year.

This report provides an in-depth analysis of the sewing machine furniture market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28945260 - Furniture, bases and covers for sewing machines and parts thereof, other parts of sewing machines

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023