Dominican Republic: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in the Dominican Republic

The Dominican household sewing machine market dropped to $X in 2021, waning by -5% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Household Sewing Machine Production in the Dominican Republic

In value terms, household sewing machine production fell remarkably to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 1,182% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Household Sewing Machine Exports

Exports from the Dominican Republic

In 2021, after two years of decline, there was significant decline in overseas shipments of household sewing machines, when their volume decreased by -33.3% to X units. Overall, exports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 25,136% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, household sewing machine exports declined dramatically to $X in 2021. Over the period under review, exports faced a sharp descent. The most prominent rate of growth was recorded in 2018 with an increase of 28,922%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nicaragua (X units) was the main destination for household sewing machine exports from the Dominican Republic, accounting for a approx. 50% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nicaragua was relatively modest.

In value terms, Haiti ($X) remains the key foreign market for household sewing machines exports from the Dominican Republic, comprising 72% of total exports. The second position in the ranking was taken by Cuba ($X), with a 6.4% share of total exports. It was followed by Nicaragua, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to Haiti totaled -30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (-48.1% per year) and Nicaragua (-2.3% per year).

Export Prices by Country

In 2021, the average household sewing machine export price amounted to $X per unit, growing by 33% against the previous year. Overall, the export price, however, showed a deep contraction. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Household Sewing Machine Imports

Imports into the Dominican Republic

Household sewing machine imports into the Dominican Republic dropped to X units in 2021, which is down by -14.1% against 2020 figures. In general, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2019 when imports increased by 869%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, household sewing machine imports soared to $X in 2021. Overall, imports, however, recorded mild growth. The most prominent rate of growth was recorded in 2019 with an increase of 617%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of household sewing machine to the Dominican Republic, with a 50% share of total imports. Moreover, household sewing machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was held by Italy (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-20.5% per year) and Italy (+95.1% per year).

In value terms, the United States ($X) constituted the largest supplier of household sewing machines to the Dominican Republic, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.8% per year) and Japan (+64.1% per year).

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, surging by 63% against the previous year. In general, the import price posted a buoyant increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 78% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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