Report Update Nov 1, 2024

Dominican Republic - Jewelry - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Jewelry Market 2024

Jewelry Market Size in the Dominican Republic

The Dominican jewelry market soared to $X in 2022, increasing by 15% against the previous year. In general, consumption continues to indicate a moderate increase. Jewelry consumption peaked in 2022 and is expected to retain growth in years to come.

Jewelry Production in the Dominican Republic

In value terms, jewelry production shrank significantly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 2,454% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Jewelry Exports

Exports from the Dominican Republic

In 2022, the amount of jewelry exported from the Dominican Republic dropped rapidly to X tons, which is down by -16.2% on 2021. In general, exports, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 194% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, jewelry exports dropped remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for jewelry exports from the Dominican Republic, with a approx. 96% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +6.2%.

In value terms, the United States ($X) also remains the key foreign market for jewelry exports from the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +7.9%.

Export Prices by Country

In 2022, the average jewelry export price amounted to $X per kg, declining by -3.8% against the previous year. Overall, the export price, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2013 an increase of 108%. Over the period under review, the average export prices attained the maximum at $X per kg in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.7% per year.

Jewelry Imports

Imports into the Dominican Republic

In 2022, approx. X tons of jewelry were imported into the Dominican Republic; rising by 62% on the previous year's figure. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 138% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, jewelry imports reduced modestly to $X in 2022. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 62% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United States (X tons) was the main jewelry supplier to the Dominican Republic, with a 95% share of total imports. Moreover, jewelry imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +26.2%.

In value terms, the United States ($X) constituted the largest supplier of jewelry to the Dominican Republic, comprising 83% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +16.4%.

Import Prices by Country

The average jewelry import price stood at $X per kg in 2022, falling by -38.3% against the previous year. In general, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of 87%. Over the period under review, average import prices reached the peak figure at $X per kg in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per kg), while the price for the United States stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for jewelry in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, with a combined 29% share of global consumption.

What are the largest producers of jewelry in the world?

Thailand constituted the country with the largest volume of jewelry production, comprising approx. 47% of total volume. Moreover, jewelry production in Thailand exceeded the figures recorded by the second-largest producer, China, fourfold. The third position in this ranking was occupied by India, with a 5.9% share.

What are the leading suppliers of jewelry to the Dominican Republic?

In value terms, the largest jewelry suppliers to the Dominican Republic were the United States, Italy and France, with a combined 99% share of total imports.

What are the leading importers of jewelry from the Dominican Republic?

In value terms, the United States remains the key foreign market for jewelry exports from the Dominican Republic.

What is the average export price for jewelry in the Dominican Republic?

In 2021, the average jewelry export price amounted to $1,234,464 per ton, growing by 24% against the previous year.

What is the average import price for jewelry in the Dominican Republic?

In 2021, the average jewelry import price amounted to $4,475 per kg, with a decrease of -53.8% against the previous year.

This report provides an in-depth analysis of the jewelry 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 32121330 - Articles of jewellery and parts thereof of precious metal (including plated, clad)
Prodcom 32121351 - Articles of goldsmiths
Prodcom 32121353 - Articles of goldsmiths
Prodcom 32121355 - Articles of goldsmiths

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