Dominican Republic: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in the Dominican Republic

In 2021, the Dominican metal frame non-upholstered seat market increased by 40% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption continues to indicate a resilient expansion. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Exports of Non-Upholstered Seats With Metal Frames

Exports from the Dominican Republic

In 2021, overseas shipments of non-upholstered seats with metal frames increased by 53% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 548%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, metal frame non-upholstered seat exports fell slightly to $X in 2021. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 594% against the previous year. As a result, the exports attained the peak of $X, and then contracted modestly in the following year.

Exports by Country

South Korea (X units), Haiti (X units) and the United States (X units) were the main destinations of metal frame non-upholstered seat exports from the Dominican Republic, together comprising 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +23.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal frame non-upholstered seat exported from the Dominican Republic were South Korea ($X), the United States ($X) and Haiti ($X), with a combined 93% share of total exports.

The United States, with a CAGR of +18.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average metal frame non-upholstered seat export price amounted to $X per unit, dropping by -36.4% against the previous year. Over the period under review, the export price recorded a mild reduction. The pace of growth was the most pronounced in 2016 an increase of 80% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then fell dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was British Virgin Islands ($X per unit), while the average price for exports to Haiti ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to British Virgin Islands (+16.0%), while the prices for the other major destinations experienced a decline.

Imports of Non-Upholstered Seats With Metal Frames

Imports into the Dominican Republic

In 2021, purchases abroad of non-upholstered seats with metal frames increased by 33% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 91% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, metal frame non-upholstered seat imports surged to $X in 2021. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 123%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal frame non-upholstered seat to the Dominican Republic, accounting for a 50% share of total imports. Moreover, metal frame non-upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+78.0% per year) and Italy (+54.0% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with metal frames to the Dominican Republic, comprising 43% of total imports. The second position in the ranking was taken by Poland ($X), with a 12% share of total imports. It was followed by Italy, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+76.8% per year) and Italy (+64.5% per year).

Import Prices by Country

The average metal frame non-upholstered seat import price stood at $X per unit in 2021, picking up by 8.6% against the previous year. Overall, the import price continues to indicate resilient growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 92%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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