Dominican Republic: Market for Porcelain Or China Tableware And Kitchenware 2024

Market Size for Porcelain Or China Tableware And Kitchenware in the Dominican Republic

The Dominican porcelain tableware and kitchenware market surged to $X in 2022, growing by 33% 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). Over the period under review, consumption enjoyed a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Exports of Porcelain Or China Tableware And Kitchenware

Exports from the Dominican Republic

Porcelain tableware and kitchenware exports from the Dominican Republic declined significantly to X tons in 2022, falling by -84.8% against 2021 figures. Overall, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 864%. As a result, the exports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, porcelain tableware and kitchenware exports declined markedly to $X in 2022. Over the period under review, exports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2021 when exports increased by 356%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for porcelain tableware and kitchenware exports from the Dominican Republic, accounting for a 57% share of total exports. Moreover, porcelain tableware and kitchenware exports to the United States exceeded the volume sent to the second major destination, Cuba (X kg), more than tenfold. The third position in this ranking was taken by Haiti (X kg), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+34.0% per year) and Haiti (+65.5% per year).

In value terms, the United States ($X) emerged as the key foreign market for porcelain or china tableware and kitchenware exports from the Dominican Republic, comprising 27% of total exports. The second position in the ranking was taken by Cuba ($X), with a 4.1% share of total exports. It was followed by Haiti, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+40.4% per year) and Haiti (+61.6% per year).

Export Prices by Country

In 2022, the average porcelain tableware and kitchenware export price amounted to $X per ton, jumping by 200% against the previous year. Over the period under review, the export price saw a resilient increase. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Porcelain Or China Tableware And Kitchenware

Imports into the Dominican Republic

In 2022, approx. X tons of porcelain or china tableware and kitchenware were imported into the Dominican Republic; rising by 22% on 2021. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 88%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, porcelain tableware and kitchenware imports skyrocketed to $X in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 94% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of porcelain tableware and kitchenware to the Dominican Republic, accounting for a 82% share of total imports. Moreover, porcelain tableware and kitchenware imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The UK (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-1.8% per year) and the UK (+48.6% per year).

In value terms, China ($X) constituted the largest supplier of porcelain or china tableware and kitchenware to the Dominican Republic, comprising 54% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.4% per year) and the UK (+62.2% per year).

Import Prices by Country

In 2022, the average porcelain tableware and kitchenware import price amounted to $X per ton, increasing by 7.5% against the previous year. Overall, the import price, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2015 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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