Dominican Republic: Textile Relling Machine Market 2024

Textile Relling Machine Market Size in the Dominican Republic

The Dominican textile relling machine market shrank rapidly to $X in 2021, waning by -37.1% against the previous year. In general, consumption, however, posted prominent growth. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Textile Relling Machine Production in the Dominican Republic

In value terms, textile relling machine production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 14%. As a result, production attained the peak level of $X, and then fell in the following year.

Textile Relling Machine Exports

Exports from the Dominican Republic

Textile relling machine exports from the Dominican Republic reached X units in 2021, approximately equating 2020 figures. Overall, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 410%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile relling machine exports soared to $X in 2021. Over the period under review, exports posted a strong increase. The pace of growth was the most pronounced in 2019 when exports increased by 371% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units) was the main destination for textile relling machine exports from the Dominican Republic, with a 70% share of total exports. Moreover, textile relling machine exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-1.9% per year) and Honduras (+38.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for machines for reeling, unreeling or textile fabrics exports from the Dominican Republic, comprising 56% of total exports. The second position in the ranking was taken by Honduras ($X), with an 18% share of total exports. It was followed by Haiti, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+25.8% per year) and Haiti (+30.6% per year).

Export Prices by Country

The average textile relling machine export price stood at $X per unit in 2021, jumping by 56% against the previous year. In general, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 245% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+219.0%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Relling Machine Imports

Imports into the Dominican Republic

In 2021, approx. X units of machines for reeling, unreeling or textile fabrics were imported into the Dominican Republic; dropping by -44.2% compared with 2020. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 234% against the previous year. As a result, imports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, textile relling machine imports declined significantly to $X in 2021. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 144% against the previous year. Imports peaked at $X in 2020, and then declined notably in the following year.

Imports by Country

The United States (X units), China (X units) and Spain (X units) were the main suppliers of textile relling machine imports to the Dominican Republic, together comprising 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +33.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of machines for reeling, unreeling or textile fabrics to the Dominican Republic, comprising 60% of total imports. The second position in the ranking was held by the United States ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +276.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.9% per year) and Spain (+2.0% per year).

Import Prices by Country

The average textile relling machine import price stood at $X per unit in 2021, picking up by 50% against the previous year. Overall, the import price, however, saw a abrupt setback. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+27.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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