Dominican Republic: Seat Market 2025

Seat Market Size in the Dominican Republic

The Dominican seat market skyrocketed to $X in 2021, rising by 83% 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). Overall, consumption saw a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Seat Exports

Exports from the Dominican Republic

In 2021, shipments abroad of seats decreased by -6.3% to X tons, falling for the third year in a row after four years of growth. In general, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 171%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, seat exports skyrocketed to $X in 2021. Over the period under review, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 when exports increased by 103%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Haiti (X tons) was the main destination for seat exports from the Dominican Republic, with a 407% share of total exports. Moreover, seat exports to Haiti exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti totaled +104.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+122.9% per year) and the United States (+5.6% per year).

In value terms, the largest markets for seat exported from the Dominican Republic were Haiti ($X), the United States ($X) and South Korea ($X).

Trinidad and Tobago, with a CAGR of +211.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average seat export price stood at $X per ton in 2021, picking up by 60% against the previous year. Overall, the export price, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2020 an increase of 122%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Seat Imports

Imports into the Dominican Republic

In 2021, the amount of seats imported into the Dominican Republic skyrocketed to X tons, picking up by 51% against the previous year. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, seat imports surged to $X in 2021. Overall, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of seat to the Dominican Republic, accounting for a 52% share of total imports. Moreover, seat imports from China exceeded the figures recorded by the second-largest supplier, Romania (X tons), fourfold. The third position in this ranking was held by Colombia (X tons), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+94.4% per year) and Colombia (+15.2% per year).

In value terms, China ($X) constituted the largest supplier of seats to the Dominican Republic, comprising 50% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.8% share of total imports. It was followed by Spain, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.5% per year) and Spain (+7.6% per year).

Import Prices by Country

The average seat import price stood at $X per ton in 2021, growing by 22% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, seat import price increased by +109.1% against 2015 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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