Dominican Republic: Market for Nets of Twine, Cordage, Rope or Textile Materials 2025

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in the Dominican Republic

The Dominican market for nets of twine, cordage, rope or textile materials stood at $X in 2022, rising by 3.3% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.9% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Nets of Twine, Cordage, Rope or Textile Materials in the Dominican Republic

In value terms, twine, cordage or textile net production amounted to $X in 2022 estimated in export price. In general, production recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 29%. Twine, cordage or textile net production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from the Dominican Republic

Twine, cordage or textile net exports from the Dominican Republic skyrocketed to X tons in 2022, surging by 203% compared with 2021. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of 1,837% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, twine, cordage or textile net exports surged to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 2,226% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Haiti (X tons) was the main destination for twine, cordage or textile net exports from the Dominican Republic, accounting for a 99.9% share of total exports. It was followed by the United States (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Haiti amounted to +37.2%.

In value terms, Haiti ($X) remains the key foreign market for nets of twine, cordage, rope or textile materials exports from the Dominican Republic, comprising 100% of total exports. The second position in the ranking was held by the United States ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to +40.0%.

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, with an increase of 8.1% against the previous year. Over the period under review, the export price, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2015 an increase of 508%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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 ton), while the average price for exports to Haiti totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into the Dominican Republic

In 2022, twine, cordage or textile net imports into the Dominican Republic shrank to X tons, which is down by -12.7% on the year before. Overall, imports saw a mild curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 25%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, twine, cordage or textile net imports contracted significantly to $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of twine, cordage or textile net to the Dominican Republic, accounting for a 49% share of total imports. Moreover, twine, cordage or textile net imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.0% per year) and Spain (+18.8% per year).

In value terms, the United States ($X) constituted the largest supplier of nets of twine, cordage, rope or textile materials to the Dominican Republic, comprising 51% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.8% per year) and Germany (+10.1% per year).

Import Prices by Country

In 2022, the average import price for nets of twine, cordage, rope or textile materials amounted to $X per ton, falling by -4.6% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine, cordage or textile net import price increased by +28.2% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 34% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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