Dominican Republic: Market for Silk Shawls And Scarves 2025

Market Size for Silk Shawls And Scarves in the Dominican Republic

After six years of growth, the Dominican silk shawl and scarf market decreased by -16.9% to $X in 2022. Overall, consumption, however, continues to indicate significant growth. Over the period under review, the market attained the peak level at $X in 2021, and then dropped markedly in the following year.

Production of Silk Shawls And Scarves in the Dominican Republic

In value terms, silk shawl and scarf production contracted rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 157% against the previous year. Silk shawl and scarf production peaked at $X in 2021, and then contracted markedly in the following year.

Exports of Silk Shawls And Scarves

Exports from the Dominican Republic

In 2022, approx. X units of silk shawls and scarves were exported from the Dominican Republic; growing by 9.4% against the year before. Overall, exports, however, recorded a perceptible slump. The growth pace was the most rapid in 2019 with an increase of 471% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, silk shawl and scarf exports surged to $X in 2022. Over the period under review, exports saw a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by 507% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for silk shawl and scarf exports from the Dominican Republic, accounting for a 78% share of total exports. Moreover, silk shawl and scarf exports to the United States exceeded the volume sent to the second major destination, Spain (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+20.6% per year) and Italy (+1.8% per year).

In value terms, the largest markets for silk shawl and scarf exported from the Dominican Republic were Italy ($X), Spain ($X) and the United States ($X).

In terms of the main countries of destination, Spain, with a CAGR of +31.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average silk shawl and scarf export price amounted to $X per unit, with an increase of 58% against the previous year. Over the period under review, the export price showed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports into the Dominican Republic

In 2022, silk shawl and scarf imports into the Dominican Republic declined to X units, which is down by -6.9% compared with the previous year's figure. Overall, imports, however, posted a slight expansion. The pace of growth was the most pronounced in 2016 with an increase of 86%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, silk shawl and scarf imports surged to $X in 2022. In general, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 232%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Italy (X units) and India (X units) were the main suppliers of silk shawl and scarf imports to the Dominican Republic, together accounting for 91% of total imports. The United States and Spain lagged somewhat behind, together accounting for a further 7.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +34.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of silk shawls and scarves to the Dominican Republic, comprising 81% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Spain, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.7% per year) and Spain (+40.4% per year).

Import Prices by Country

In 2022, the average silk shawl and scarf import price amounted to $X per unit, picking up by 57% against the previous year. Overall, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 102%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+32.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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