Dominican Republic: Mattress Support Market 2024

Mattress Support Market Size in the Dominican Republic

The Dominican mattress support market contracted to $X in 2021, waning by -5.2% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Mattress Support Production in the Dominican Republic

In value terms, mattress support production fell modestly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Mattress Support Exports

Exports from the Dominican Republic

For the fourth consecutive year, the Dominican Republic recorded growth in overseas shipments of mattress supports, which increased by 76% to X units in 2021. In general, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 483%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, mattress support exports surged to $X in 2021. Over the period under review, exports saw a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 426%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for mattress support exports from the Dominican Republic, accounting for a 59% share of total exports. Moreover, mattress support exports to the United States exceeded the volume sent to the second major destination, Aruba (X units), sixfold. Haiti (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+9.8% per year) and Haiti (+7.1% per year).

In value terms, the United States ($X) remains the key foreign market for mattress supports exports from the Dominican Republic, comprising 60% of total exports. The second position in the ranking was taken by Haiti ($X), with an 11% share of total exports. It was followed by Bahamas, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+2.1% per year) and Bahamas (+0.2% per year).

Export Prices by Country

The average mattress support export price stood at $X per unit in 2021, falling by -7.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 46% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saint Lucia ($X per unit), while the average price for exports to Panama ($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 Antigua and Barbuda (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Support Imports

Imports into the Dominican Republic

After two years of growth, supplies from abroad of mattress supports decreased by -20.3% to X units in 2021. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 242%. Over the period under review, imports reached the maximum at X units in 2020, and then shrank notably in the following year.

In value terms, mattress support imports fell notably to $X in 2021. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 308% against the previous year. Imports peaked at $X in 2020, and then plummeted in the following year.

Imports by Country

The United States (X units), China (X units) and Canada (X units) were the main suppliers of mattress support imports to the Dominican Republic, together accounting for 91% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +87.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mattress support suppliers to the Dominican Republic were the United States ($X), China ($X) and Spain ($X), with a combined 77% share of total imports. Canada and Portugal lagged somewhat behind, together comprising a further 1.3%.

Canada, with a CAGR of +70.2%, saw the highest growth rate of the value of imports, among 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 mattress support import price stood at $X per unit in 2021, declining by -29.1% against the previous year. In general, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when the average import price increased by 28%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+25.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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