Dominican Republic: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in the Dominican Republic

The Dominican industrial sewing machines (non-automatic) market skyrocketed to $X in 2022, picking up by 25% against the previous year. In general, consumption showed significant growth. Industrial sewing machines (non-automatic) consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Industrial Sewing Machines (Non-Automatic) in the Dominican Republic

In value terms, industrial sewing machines (non-automatic) production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild decrease. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from the Dominican Republic

In 2022, overseas shipments of industrial sewing machines (non-automatic) increased by 51% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 188%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, industrial sewing machines (non-automatic) exports contracted markedly to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 171%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Haiti (X units), Nicaragua (X units) and Guatemala (X units) were the main destinations of industrial sewing machines (non-automatic) exports from the Dominican Republic, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +94.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Haiti ($X) remains the key foreign market for industrial sewing machines (non-automatic) exports from the Dominican Republic, comprising 70% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 20% share of total exports. It was followed by the United States, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to Haiti totaled +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+30.5% per year) and the United States (+1.2% per year).

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, which is down by -45.3% against the previous year. Over the period under review, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 85% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Guatemala ($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 Guatemala (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into the Dominican Republic

After three years of decline, supplies from abroad of industrial sewing machines (non-automatic) increased by 23% to X units in 2022. Overall, imports posted a prominent increase. The pace of growth appeared the most rapid in 2015 when imports increased by 155%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports soared to $X in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2015 with an increase of 160% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machines (non-automatic) supplier to the Dominican Republic, with a 79% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +81.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+55.0% per year) and the United States (-3.9% per year).

In value terms, China ($X), Japan ($X) and the United States ($X) were the largest industrial sewing machines (non-automatic) suppliers to the Dominican Republic, with a combined 97% share of total imports.

Japan, with a CAGR of +72.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, with an increase of 3.3% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial sewing machines (non-automatic) import price increased by +67.4% against 2016 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 34%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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