Dominican Republic: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in the Dominican Republic

In 2022, the Dominican footwear making machinery market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a deep contraction. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Footwear Making Machinery Production in the Dominican Republic

In value terms, footwear making machinery production stood at $X in 2022 estimated in export price. Over the period under review, production showed a precipitous slump. The most prominent rate of growth was recorded in 2013 with a decrease of X%. Footwear making machinery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Footwear Making Machinery Exports

Exports from the Dominican Republic

Footwear making machinery exports from the Dominican Republic reduced rapidly to X units in 2022, falling by X% on the year before. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, footwear making machinery exports contracted notably to $X in 2022. Overall, exports, however, saw a noticeable increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Haiti (X units) was the main destination for footwear making machinery exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, footwear making machinery exports to Haiti exceeded the volume sent to the second major destination, Italy (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the United States (X% per year).

In value terms, the largest markets for footwear making machinery exported from the Dominican Republic were the United States ($X), Haiti ($X) and Italy ($X), with a combined X% share of total exports.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average footwear making machinery export price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then plummeted in the following year.

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

Footwear Making Machinery Imports

Imports into the Dominican Republic

In 2022, footwear making machinery imports into the Dominican Republic soared to X units, growing by X% on the year before. In general, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, footwear making machinery imports skyrocketed to $X in 2022. Overall, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), Italy (X units) and China (X units) were the main suppliers of footwear making machinery imports to the Dominican Republic, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest footwear making machinery suppliers to the Dominican Republic were the United States ($X), Italy ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average footwear making machinery import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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