Dominican Republic: Mattress Market 2024

Mattress Market Size in the Dominican Republic

The Dominican mattress market expanded to $X in 2022, increasing by 4.1% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.5% against 2019 indices. Mattress consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Mattress Production in the Dominican Republic

In value terms, mattress production amounted to $X in 2022 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 36%. Mattress production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Mattress Exports

Exports from the Dominican Republic

In 2022, shipments abroad of mattresses decreased by -41% to X units, falling for the third year in a row after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 91%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, mattress exports reduced rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 60% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for mattress exports from the Dominican Republic, accounting for a 59% share of total exports. Moreover, mattress exports to the United States exceeded the volume sent to the second major destination, Jamaica (X units), fourfold. Aruba (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+0.1% per year) and Aruba (+37.4% per year).

In value terms, the United States ($X) remains the key foreign market for mattresses exports from the Dominican Republic, comprising 65% of total exports. The second position in the ranking was taken by Jamaica ($X), with an 8.9% share of total exports. It was followed by Aruba, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (-2.6% per year) and Aruba (+31.7% per year).

Export Prices by Country

The average mattress export price stood at $X per unit in 2022, picking up by 8.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 38%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, 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 Barbados ($X per unit), while the average price for exports to Haiti ($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 Barbados (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mattress Imports

Imports into the Dominican Republic

In 2022, mattress imports into the Dominican Republic declined to X units, remaining constant against the year before. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 89%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, mattress imports contracted to $X in 2022. Overall, imports, however, saw a moderate expansion. The pace of growth was the most pronounced in 2018 with an increase of 33%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Portugal (X units), the United States (X units) and Mexico (X units) were the main suppliers of mattress imports to the Dominican Republic, together comprising 82% of total imports. China and El Salvador lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by El Salvador (with a CAGR of +90.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the United States ($X) and Portugal ($X) constituted the largest mattress suppliers to the Dominican Republic, with a combined 73% share of total imports. China and El Salvador lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, El Salvador, with a CAGR of +85.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mattress import price stood at $X per unit in 2022, waning by -9% against the previous year. In general, the import price showed a pronounced setback. The growth pace was the most rapid in 2015 an increase of 34%. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :