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

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

The Dominican wooden frame non-upholstered seat market contracted markedly to $X in 2022, falling by -31.4% 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). In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from the Dominican Republic

Wooden frame non-upholstered seat exports from the Dominican Republic skyrocketed to X units in 2022, rising by 72% on the previous year's figure. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 252%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 275% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X units) was the main destination for wooden frame non-upholstered seat exports from the Dominican Republic, accounting for a 51% share of total exports. Moreover, wooden frame non-upholstered seat exports to Haiti exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was taken by Turks and Caicos Islands (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti amounted to +85.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+15.1% per year) and Turks and Caicos Islands (+83.9% per year).

In value terms, Haiti ($X) remains the key foreign market for non-upholstered seats with wooden frames exports from the Dominican Republic, comprising 72% of total exports. The second position in the ranking was taken by the United States ($X), with a 19% share of total exports. It was followed by Turks and Caicos Islands, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti amounted to +94.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.0% per year) and Turks and Caicos Islands (+79.3% per year).

Export Prices by Country

In 2022, the average wooden frame non-upholstered seat export price amounted to $X per unit, reducing by -20.2% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame non-upholstered seat export price increased by +28.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 61%. As a result, the export price attained the peak level of $X per unit, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Uruguay ($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 Haiti (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into the Dominican Republic

In 2022, imports of non-upholstered seats with wooden frames into the Dominican Republic shrank significantly to X units, reducing by -34.3% on the previous year. Overall, imports saw a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 129%. As a result, imports reached the peak of X units, and then reduced dramatically in the following year.

In value terms, wooden frame non-upholstered seat imports contracted markedly to $X in 2022. In general, imports, however, saw pronounced growth. The pace of growth appeared the most rapid in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame non-upholstered seat supplier to the Dominican Republic, with a 65% share of total imports. Moreover, wooden frame non-upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-11.3% per year) and the United States (-9.0% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with wooden frames to the Dominican Republic, comprising 34% of total imports. The second position in the ranking was held by Brazil ($X), with a 14% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+33.7% per year) and Spain (+6.2% per year).

Import Prices by Country

In 2022, the average wooden frame non-upholstered seat import price amounted to $X per unit, rising by 19% against the previous year. Overall, the import price recorded resilient growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 46%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :