Dominican Republic: Men Knitwear Market 2025

Men Knitwear Market Size in the Dominican Republic

The Dominican men knitwear market contracted to $X in 2022, shrinking by -10.9% against the previous year. Overall, consumption, however, continues to indicate buoyant growth. Men knitwear consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Men Knitwear Production in the Dominican Republic

In value terms, men knitwear production reduced to $X in 2022 estimated in export price. Overall, production, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. Men knitwear production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Men Knitwear Exports

Exports from the Dominican Republic

In 2022, overseas shipments of men's or boys' clothing (knitted or crocheted) were finally on the rise to reach X units after three years of decline. In general, exports continue to indicate a prominent increase. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, men knitwear exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for men knitwear exports from the Dominican Republic, with a 95% share of total exports. It was followed by Haiti (X units), with a 0.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +9.0%.

In value terms, the United States ($X) remains the key foreign market for men's or boys' clothing (knitted or crocheted) exports from the Dominican Republic, comprising 98% of total exports. The second position in the ranking was taken by Haiti ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -7.8%.

Export Prices by Country

The average men knitwear export price stood at $X per unit in 2022, surging by 50% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 55% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, 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 totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-12.5%), while the prices for the other major destinations experienced a decline.

Men Knitwear Imports

Imports into the Dominican Republic

Men knitwear imports into the Dominican Republic soared to X units in 2022, jumping by 79% against the previous year's figure. In general, imports showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 113%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, men knitwear imports skyrocketed to $X in 2022. Overall, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of men knitwear to the Dominican Republic, accounting for a 71% share of total imports. Moreover, men knitwear imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), tenfold. Pakistan (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +53.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+42.7% per year) and Pakistan (+69.5% per year).

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (knitted or crocheted) to the Dominican Republic, comprising 63% of total imports. The second position in the ranking was held by Panama ($X), with a 7.6% share of total imports. It was followed by the United States, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+33.4% per year) and the United States (+16.5% per year).

Import Prices by Country

In 2022, the average men knitwear import price amounted to $X per unit, declining by -9.3% against the previous year. Over the period under review, the import price faced a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 19%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average 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 Thailand ($X per unit), while the price for Haiti ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+36.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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