Dominican Republic: Jersey Market 2024

Jersey Market Size in the Dominican Republic

In 2022, the Dominican jersey market decreased by X% to $X, falling for the third consecutive year after five years of growth. In general, consumption, however, posted a strong expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Jersey Production in the Dominican Republic

In value terms, jersey production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Jersey Exports

Exports from the Dominican Republic

In 2022, approx. X units of jerseys, pullovers, cardigans and similar articles were exported from the Dominican Republic; with an increase of X% on the previous year's figure. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, jersey exports skyrocketed to $X in 2022. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% 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

The United States (X units) was the main destination for jersey exports from the Dominican Republic, with a X% share of total exports. It was followed by Haiti (X units), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%.

In value terms, the United States ($X) remains the key foreign market for jerseys, pullovers, cardigans and similar articles exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Haiti ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

The average jersey export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, recorded a abrupt decrease. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 the United States ($X per unit), while the average price for exports to Haiti amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Jersey Imports

Imports into the Dominican Republic

In 2022, approx. X units of jerseys, pullovers, cardigans and similar articles were imported into the Dominican Republic; increasing by X% on the year before. Over the period under review, imports showed a strong expansion. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, jersey imports surged to $X in 2022. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest jersey supplier to the Dominican Republic, with a X% share of total imports. Moreover, jersey imports from China exceeded the figures recorded by the second-largest supplier, Haiti (X units), twofold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Haiti (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of jerseys, pullovers, cardigans and similar articles to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Haiti ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Haiti (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the average jersey import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Bangladesh ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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