Dominican Republic: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in the Dominican Republic

In 2022, after five years of growth, there was significant decline in the Dominican jute and jute-like fibers market, when its value decreased by -15.5% to $X. Over the period under review, consumption, however, showed a significant expansion. Jute and jute-like fibers consumption peaked at $X in 2021, and then declined remarkably in the following year.

Exports of Jute And Jute-Like Fibers

Exports from the Dominican Republic

In 2022, after four years of growth, there was significant decline in shipments abroad of jute and jute-like fibers, when their volume decreased by -90.1% to X kg. Overall, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 2,961%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, jute and jute-like fibers exports reduced sharply to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by 2,646% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Haiti (X kg) was the main destination for jute and jute-like fibers exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti amounted to +16.7%.

In value terms, Haiti ($X) also remains the key foreign market for jute and jute-like fibers exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti amounted to +13.3%.

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 82% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to -2.9% per year.

Imports of Jute And Jute-Like Fibers

Imports into the Dominican Republic

In 2022, approx. X tons of jute and jute-like fibers were imported into the Dominican Republic; with a decrease of -18.6% against the year before. Overall, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 90%. Imports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, jute and jute-like fibers imports shrank to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 396%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest jute and jute-like fibers supplier to the Dominican Republic, with a 62% share of total imports. Moreover, jute and jute-like fibers imports from the United States exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), fivefold. The third position in this ranking was held by China (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+12.7% per year) and China (+18.7% per year).

In value terms, the United States ($X) constituted the largest supplier of jute and jute-like fibers to the Dominican Republic, comprising 74% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Switzerland, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +58.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.8% per year) and Switzerland (+22.3% per year).

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, with an increase of 6% against the previous year. In general, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 161% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 China ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+93.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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