Dominican Republic: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in the Dominican Republic

In 2022, the Dominican market for mattresses other than of cellular rubber or plastics increased by 21% to $X, rising for the second year in a row after three years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Mattresses other than of cellular rubber or plastics in the Dominican Republic

In value terms, production of mattresses other than of cellular rubber or plastics stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from the Dominican Republic

In 2022, overseas shipments of mattresses other than of cellular rubber or plastics decreased by -36.2% to X units, falling for the third consecutive year after two years of growth. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 93%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics contracted rapidly to $X in 2022. In general, exports, however, continue to indicate a slight expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 59% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from the Dominican Republic, accounting for a 59% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics 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 totaled +1.4%. 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 ($X) remains the key foreign market for mattresses other than of cellular rubber or plastics exports from the Dominican Republic, comprising 65% of total exports. The second position in the ranking was held by Jamaica ($X), with a 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 +2.6%. 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 export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, with an increase of 8.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 39% against the previous year. 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 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.

Imports of Mattresses other than of cellular rubber or plastics

Imports into the Dominican Republic

In 2022, approx. X units of mattresses other than of cellular rubber or plastics were imported into the Dominican Republic; remaining relatively unchanged against the previous year. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2014 with an increase of 114%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics contracted rapidly to $X in 2022. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 51%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Portugal (X units), the United States (X units) and Mexico (X units) were the main suppliers of imports of mattresses other than of cellular rubber or plastics to the Dominican Republic, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +82.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to the Dominican Republic, comprising 43% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by Portugal, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.8% per year) and Portugal (+52.1% per year).

Import Prices by Country

The average import price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, with a decrease of -20.9% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of 41% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 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 (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :