Dominican Republic: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in the Dominican Republic

The Dominican leather sports gloves market surged to $X in 2022, with an increase of 59% against the previous year. In general, consumption recorded resilient growth. Leather sports gloves consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Leather Sports Gloves Production in the Dominican Republic

In value terms, leather sports gloves production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume decreased by 99.9%. Over the period under review, production attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Leather Sports Gloves Exports

Exports from the Dominican Republic

In 2022, shipments abroad of leather sports gloves, mittens and mitts increased by 4,871% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports continue to indicate significant growth. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, leather sports gloves exports soared to $X in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for leather sports gloves exports from the Dominican Republic, with a 76% share of total exports. Moreover, leather sports gloves exports to the United States exceeded the volume sent to the second major destination, Nicaragua (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +65.7%.

In value terms, Nicaragua ($X) emerged as the key foreign market for leather sports gloves, mittens and mitts exports from the Dominican Republic, comprising 69% of total exports. The second position in the ranking was held by the United States ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Nicaragua was relatively modest.

Export Prices by Country

In 2022, the average leather sports gloves export price amounted to $X per unit, growing by 96% against the previous year. Over the period under review, the export price recorded resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by 110% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Dominica (+372.0%), while the prices for the other major destinations experienced a decline.

Leather Sports Gloves Imports

Imports into the Dominican Republic

In 2022, approx. X units of leather sports gloves, mittens and mitts were imported into the Dominican Republic; increasing by 96% on 2021. Overall, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 103% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, leather sports gloves imports surged to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 66%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest leather sports gloves supplier to the Dominican Republic, accounting for a 60% share of total imports. Moreover, leather sports gloves imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X units), threefold. The third position in this ranking was held by the United States (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+60.7% per year) and the United States (+19.5% per year).

In value terms, China ($X), the United States ($X) and Thailand ($X) constituted the largest leather sports gloves suppliers to the Dominican Republic, with a combined 79% share of total imports.

Thailand, with a CAGR of +79.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average leather sports gloves import price stood at $X per unit in 2022, with a decrease of -19.3% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 61%. Over the period under review, average import prices attained the maximum 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 Thailand ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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