Dominican Republic: Pantyhose Market 2024

Pantyhose Market Size in the Dominican Republic

In 2022, the Dominican pantyhose market decreased by X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Pantyhose consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pantyhose Production in the Dominican Republic

In value terms, pantyhose production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Pantyhose production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Pantyhose Exports

Exports from the Dominican Republic

In 2022, approx. X pairs of pantyhose and tights were exported from the Dominican Republic; surging by X% on the previous year. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, pantyhose exports skyrocketed to $X in 2022. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X pairs) was the main destination for pantyhose exports from the Dominican Republic, with a X% share of total exports. It was followed by the UK (X pairs), with a X% share of total exports. The third position in this ranking was taken by Canada (X pairs), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for pantyhose and tights exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Ireland (X% per year).

Export Prices by Country

The average pantyhose export price stood at $X per pair in 2022, flattening at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per pair. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per pair), while the average price for exports to the United States ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pantyhose Imports

Imports into the Dominican Republic

In 2022, overseas purchases of pantyhose and tights increased by X% to X pairs, rising for the second year in a row after two years of decline. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, pantyhose imports expanded significantly to $X in 2022. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of pantyhose to the Dominican Republic, accounting for a X% share of total imports. Moreover, pantyhose imports from China exceeded the figures recorded by the second-largest supplier, Chile (X pairs), sixfold. Guatemala (X pairs) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Guatemala (X% per year).

In value terms, China ($X) constituted the largest supplier of pantyhose and tights to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Guatemala (X% per year).

Import Prices by Country

The average pantyhose import price stood at $X per pair in 2022, rising by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. The import price peaked at $X per pair in 2020; however, from 2021 to 2022, 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 ($X per pair), while the price for Chile ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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