Dominican Republic: Market for Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates 2024

Market Size for Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates in the Dominican Republic

The Dominican market for snow-skis and other snow-ski equipment, ice-skates and roller-skates skyrocketed to $X in 2021, growing by 326% 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 showed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates

Exports from the Dominican Republic

Exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates from the Dominican Republic soared to X kg in 2021, picking up by 600% compared with 2020 figures. Overall, exports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,228% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates soared to $X in 2021. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 2,060% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates from the Dominican Republic, with a 93% share of total exports. Moreover, exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates to the United States exceeded the volume sent to the second major destination, Guatemala (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-12.1% per year) and Saint Lucia (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for snow-skis and other snow-ski equipment, ice-skates and roller-skates exports from the Dominican Republic, comprising 74% of total exports. The second position in the ranking was held by Saint Lucia ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Lucia (0.0% per year) and Guatemala (+4.3% per year).

Export Prices by Country

In 2021, the average export price for snow-skis and other snow-ski equipment, ice-skates and roller-skates amounted to $X per ton, dropping by -24.6% against the previous year. Over the period under review, the export price, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 1,026%. As a result, the export price reached the peak level of $X per ton, and then declined significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Saint Lucia ($X per ton), while the average price for exports to the United States ($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 the United States (+38.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates

Imports into the Dominican Republic

In 2021, purchases abroad of snow-skis and other snow-ski equipment, ice-skates and roller-skates increased by 386% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 466%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates surged to $X in 2021. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest skis and its equipment and skates supplier to the Dominican Republic, with a 55% share of total imports. Moreover, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +38.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+48.8% per year) and Hong Kong SAR (+22.9% per year).

In value terms, China ($X) constituted the largest supplier of snow-skis and other snow-ski equipment, ice-skates and roller-skates to the Dominican Republic, comprising 66% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 17% share of total imports. It was followed by the United States, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+19.1% per year) and the United States (+22.5% per year).

Import Prices by Country

In 2021, the average import price for snow-skis and other snow-ski equipment, ice-skates and roller-skates amounted to $X per ton, falling by -29.2% against the previous year. Overall, the import price saw a noticeable decrease. The growth pace was the most rapid in 2019 when the average import price increased by 113% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Panama ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+10.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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