Dominican Republic: Plastic Headgear Market 2025

Plastic Headgear Market Size in the Dominican Republic

The Dominican plastic headgear market contracted to $X in 2022, dropping by -12.3% against the previous year. In general, consumption, however, saw a significant increase. As a result, consumption reached the peak level of $X, and then declined in the following year.

Plastic Headgear Production in the Dominican Republic

In value terms, plastic headgear production declined significantly to $X in 2022 estimated in export price. Overall, production saw a deep setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 56% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plastic Headgear Exports

Exports from the Dominican Republic

In 2022, overseas shipments of headgear of rubber or plastic were finally on the rise to reach X units after two years of decline. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 4,006%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, plastic headgear exports rose notably to $X in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 7,611% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for plastic headgear exports from the Dominican Republic, accounting for a 60% share of total exports. Moreover, plastic headgear exports to Japan exceeded the volume sent to the second major destination, Finland (X units), fivefold. The third position in this ranking was taken by Jamaica (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+99.4% per year) and Jamaica (+22.0% per year).

In value terms, Japan ($X) remains the key foreign market for headgear of rubber or plastic exports from the Dominican Republic, comprising 62% of total exports. The second position in the ranking was held by Finland ($X), with a 15% share of total exports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+176.3% per year) and the Czech Republic (-59.7% per year).

Export Prices by Country

In 2022, the average plastic headgear export price amounted to $X per unit, rising by 9.1% against the previous year. In general, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 126% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Jamaica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+70.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Headgear Imports

Imports into the Dominican Republic

For the third consecutive year, the Dominican Republic recorded growth in overseas purchases of headgear of rubber or plastic, which increased by 7.3% to X units in 2022. Over the period under review, imports showed a resilient increase. The pace of growth was the most pronounced in 2016 when imports increased by 121%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic headgear imports rose to $X in 2022. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2013 with an increase of 91%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of plastic headgear to the Dominican Republic, accounting for a 93% share of total imports. Moreover, plastic headgear imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Spain (X units) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.2% per year) and Spain (-6.2% per year).

In value terms, China ($X), the United States ($X) and Panama ($X) were the largest plastic headgear suppliers to the Dominican Republic, with a combined 85% share of total imports.

The United States, with a CAGR of +33.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic headgear import price stood at $X per unit in 2022, dropping by -3.6% against the previous year. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 275%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Panama ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+613.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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