Dominican Republic: Plaits And Basketwork Market 2025

Plaits And Basketwork Market Size in the Dominican Republic

The Dominican plaits and basketwork market totaled $X in 2022, increasing by 3.1% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Plaits and basketwork consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Plaits And Basketwork Production in the Dominican Republic

In value terms, plaits and basketwork production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 23% against the previous year. Plaits and basketwork production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Plaits And Basketwork Exports

Exports from the Dominican Republic

Plaits and basketwork exports from the Dominican Republic totaled X tons in 2022, surging by 8.1% on the previous year. Over the period under review, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 433% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, plaits and basketwork exports expanded notably to $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 258% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for plaits and basketwork exports from the Dominican Republic, with a 93% share of total exports. It was followed by the Netherlands (X kg), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +41.6%.

In value terms, the United States ($X) remains the key foreign market for plaits, basketwork, wickerwork and similar products of plaiting materials exports from the Dominican Republic, comprising 89% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +39.9%.

Export Prices by Country

In 2022, the average plaits and basketwork export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 190% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+2.9%), while the prices for the other major destinations experienced a decline.

Plaits And Basketwork Imports

Imports into the Dominican Republic

In 2022, overseas purchases of plaits, basketwork, wickerwork and similar products of plaiting materials increased by 79% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 187% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, plaits and basketwork imports surged to $X in 2022. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 146% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Vietnam (X tons) and Sri Lanka (X tons) were the main suppliers of plaits and basketwork imports to the Dominican Republic, together comprising 87% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of +88.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of plaits, basketwork, wickerwork and similar products of plaiting materials to the Dominican Republic, comprising 53% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 20% share of total imports. It was followed by Sri Lanka, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+24.3% per year) and Sri Lanka (+79.6% per year).

Import Prices by Country

In 2022, the average plaits and basketwork import price amounted to $X per ton, dropping by -11.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2016 an increase of 14% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :