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

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

In 2022, the Dominican market for polyester tow and staple, not carded, combed or otherwise processed for spinning increased by 12% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption, however, saw a significant increase. Consumption of peaked in 2022 and is likely to see steady growth in years to come.

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

Exports from the Dominican Republic

In 2022, shipments abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -16.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 when exports increased by 22,292% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 17,190%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for exports of polyester 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 2022, the average annual rate of growth in terms of volume to Haiti totaled +69.7%.

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

From 2012 to 2022, the average annual growth rate of value to Haiti stood at +74.4%.

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, increasing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 34%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +18.2% per year.

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

Imports into the Dominican Republic

In 2022, after five years of growth, there was decline in supplies from abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning, when their volume decreased by -1% to X tons. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 162% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning surged to $X in 2022. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 217%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest polyester tow and staple, not carded, combed or otherwise processed for spinning supplier to the Dominican Republic, with a 68% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +89.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+25.2% per year) and Mexico (+64.1% per year).

In value terms, China ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to the Dominican Republic, comprising 67% of total imports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total imports. It was followed by Mexico, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +89.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+24.9% per year) and Mexico (+67.5% per year).

Import Prices by Country

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, surging by 19% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and Thailand ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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