Dominican Republic: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in the Dominican Republic

The Dominican narrow woven fabric market skyrocketed to $X in 2021, with an increase of 61% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a strong expansion. Narrow woven fabric consumption peaked in 2021 and is likely to continue growth in the immediate term.

Narrow Woven Fabric Exports

Exports from the Dominican Republic

In 2021, overseas shipments of narrow woven fabrics increased by 37% to X tons, rising for the third consecutive year after three years of decline. Overall, exports enjoyed a measured expansion. The growth pace was the most rapid in 2014 when exports increased by 77%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, narrow woven fabric exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a perceptible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Thailand (X tons) and Canada (X tons) were the main destinations of narrow woven fabric exports from the Dominican Republic, with a combined 51% share of total exports. These countries were followed by Guatemala, Argentina, Nicaragua, South Africa, Mexico, Haiti and Germany, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +75.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for narrow woven fabrics exports from the Dominican Republic, comprising 26% of total exports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total exports. It was followed by Canada, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+34.3% per year) and Canada (+66.9% per year).

Export Prices by Country

The average narrow woven fabric export price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 88% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 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 Germany ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+42.5%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into the Dominican Republic

In 2021, the amount of narrow woven fabrics imported into the Dominican Republic surged to X tons, picking up by 50% on the previous year's figure. Overall, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 81%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, narrow woven fabric imports soared to $X in 2021. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 79% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Indonesia (X tons) were the main suppliers of narrow woven fabric imports to the Dominican Republic, with a combined 66% share of total imports. These countries were followed by Portugal, El Salvador, India, Taiwan (Chinese) and Panama, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +153.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest narrow woven fabric suppliers to the Dominican Republic were the United States ($X), China ($X) and Indonesia ($X), together comprising 59% of total imports. Portugal, Taiwan (Chinese), El Salvador, India and Panama lagged somewhat behind, together accounting for a further 12%.

India, with a CAGR of +141.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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 narrow woven fabric import price stood at $X per ton in 2021, rising by 4.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 4.8% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Panama ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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