Dominican Republic: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in the Dominican Republic

The Dominican market for other synthetic tow and staple not carded, combed or otherwise processed for spinning declined to $X in 2021, which is down by -8.7% against the previous year. Over the period under review, consumption, however, continues to indicate a strong expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in the Dominican Republic

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning dropped to $X in 2021 estimated in export price. Overall, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 113% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth remained at a lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from the Dominican Republic

In 2021, overseas shipments of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 9.7% to X kg, rising for the second consecutive year after five years of decline. In general, exports, however, faced a precipitous curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 301%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded notably to $X in 2021. Over the period under review, exports, however, saw a sharp contraction. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -37.3%.

In value terms, the United States ($X) also remains the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -23.8%.

Export Prices by Country

In 2021, the average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, surging by 4.8% against the previous year. Over the period under review, the export price showed a significant increase. The growth pace was the most rapid in 2013 when the average export price increased by 1,092% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +21.6% per year.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into the Dominican Republic

In 2021, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning into the Dominican Republic contracted to X tons, with a decrease of -5.8% against 2020 figures. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of 464%. Over the period under review, imports of reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 437% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Guatemala (X tons) and Panama (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to the Dominican Republic, with a combined 94% share of total imports. Spain lagged somewhat behind, comprising a further 1.5%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +133.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to the Dominican Republic, comprising 76% of total imports. The second position in the ranking was held by Panama ($X), with a 7.3% share of total imports. It was followed by Guatemala, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+121.2% per year) and Guatemala (+89.7% per year).

Import Prices by Country

In 2021, the average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 203% against the previous year. Overall, the import price showed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Spain ($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 (+33.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :