Report Update Nov 1, 2024

Dominican Republic - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in the Dominican Republic

After three years of decline, the Dominican sewing machine needle market increased by 15% to $X in 2022. Over the period under review, consumption continues to indicate a strong expansion. Sewing machine needle consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Sewing Machine Needle Exports

Exports from the Dominican Republic

In 2022, shipments abroad of sewing machine needles decreased by -40% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 8,551% against the previous year. The exports peaked at X units in 2021, and then fell markedly in the following year.

In value terms, sewing machine needle exports surged to $X in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 7,771%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Haiti (X units) was the main destination for sewing machine needle exports from the Dominican Republic, with a 100% share of total exports. It was followed by the United States (X units), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Haiti stood at +111.7%.

In value terms, Haiti ($X) remains the key foreign market for sewing machine needles exports from the Dominican Republic, comprising 99.9% of total exports. The second position in the ranking was taken by the United States ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti totaled +67.9%.

Export Prices by Country

In 2022, the average sewing machine needle export price amounted to $X per thousand units, surging by 111% against the previous year. In general, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 735% against the previous year. As a result, the export price attained the peak level of $X per thousand units. From 2018 to 2022, the average export prices remained at a 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 Haiti ($X per thousand units), while the average price for exports to the United States amounted to $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-9.5%).

Sewing Machine Needle Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of sewing machine needles was finally on the rise to reach X units after three years of decline. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2015 when imports increased by 106%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sewing machine needle imports dropped to $X in 2022. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 115% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Portugal (X units) were the main suppliers of sewing machine needle imports to the Dominican Republic, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of sewing machine needles to the Dominican Republic, comprising 51% of total imports. The second position in the ranking was held by Portugal ($X), with a 20% share of total imports. It was followed by China, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+63.2% per year) and China (+10.3% per year).

Import Prices by Country

In 2022, the average sewing machine needle import price amounted to $X per thousand units, which is down by -37% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 66% against the previous year. The import price peaked at $X per thousand units in 2021, and then declined significantly in the following year.

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 Portugal ($X per thousand units), while the price for China ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+23.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sewing machine needles in the world?

The Czech Republic remains the largest sewing machine needle consuming country worldwide, comprising approx. 69% of total volume. Moreover, sewing machine needle consumption in the Czech Republic exceeded the figures recorded by the second-largest consumer, Slovakia, more than tenfold. The third position in this ranking was occupied by Bulgaria, with a 3% share.

What are the largest producers of sewing machine needles in the world?

The countries with the highest volumes of in 2021 were Vietnam, India and the Czech Republic, together accounting for 64% of global production. South Korea, Singapore, Germany and China lagged somewhat behind, together comprising a further 27%.

What are the leading suppliers of sewing machine needles to the Dominican Republic?

In value terms, the United States constituted the largest supplier of sewing machine needle to the Dominican Republic, comprising 64% of total imports. The second position in the ranking was occupied by Germany, with a 15% share of total imports. It was followed by China, with an 8.5% share.

What are the leading importers of sewing machine needles from the Dominican Republic?

In value terms, Haiti remains the key foreign market for sewing machine needle exports from the Dominican Republic, comprising 98% of total exports. The second position in the ranking was occupied by the United States $435), with a 1.4% share of total exports.

What is the average export price for sewing machine needles in the Dominican Republic?

The average sewing machine needle export price stood at $158 per unit in 2021, picking up by 14% against the previous year.

What is the average import price for sewing machine needles in the Dominican Republic?

In 2021, the average sewing machine needle import price amounted to $151 per unit, which is down by -4.9% against the previous year.

This report provides an in-depth analysis of the sewing machine needle market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28945230 - Sewing machine needles

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023