Dominican Republic: Women Hosiery Market 2025

Women Hosiery Market Size in the Dominican Republic

The Dominican women hosiery market expanded notably to $X in 2022, surging by 7.1% against the previous year. Over the period under review, consumption, however, saw buoyant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Women Hosiery Production in the Dominican Republic

In value terms, women hosiery production reached $X in 2022 estimated in export price. Over the period under review, production, however, posted resilient growth. The growth pace was the most rapid in 2020 when the production volume increased by 64% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Women Hosiery Exports

Exports from the Dominican Republic

Women hosiery exports from the Dominican Republic soared to X pairs in 2022, rising by 42% compared with the previous year's figure. Overall, exports saw a strong increase. The growth pace was the most rapid in 2013 with an increase of 180% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, women hosiery exports surged to $X in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X pairs) was the main destination for women hosiery exports from the Dominican Republic, with a 95% share of total exports. Moreover, women hosiery exports to the United States exceeded the volume sent to the second major destination, Haiti (X pairs), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +17.8%.

In value terms, the United States ($X) remains the key foreign market for socks, stockings and other women's hosiery exports from the Dominican Republic, comprising 93% of total exports. The second position in the ranking was held by Haiti ($X), with a 5.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +31.9%.

Export Prices by Country

The average women hosiery export price stood at $X per pair in 2022, rising by 88% against the previous year. Overall, the export price saw a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per pair), while the average price for exports to the United States totaled $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.9%).

Women Hosiery Imports

Imports into the Dominican Republic

In 2022, approx. X pairs of socks, stockings and other women's hosiery were imported into the Dominican Republic; waning by -10.5% compared with the year before. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 35% against the previous year. Over the period under review, imports hit record highs at X pairs in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, women hosiery imports skyrocketed to $X in 2022. Overall, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 87%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X pairs) constituted the largest women hosiery supplier to the Dominican Republic, with a 78% share of total imports. Moreover, women hosiery imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X pairs), more than tenfold. Spain (X pairs) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+3.5% per year) and Spain (+33.8% per year).

In value terms, China ($X) constituted the largest supplier of socks, stockings and other women's hosiery to the Dominican Republic, comprising 69% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Spain, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.2% per year) and Spain (+27.5% per year).

Import Prices by Country

In 2022, the average women hosiery import price amounted to $X per pair, rising by 36% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, women hosiery import price increased by +94.4% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 43%. Over the period under review, average import prices attained the peak figure at $X per pair in 2014; afterwards, it flattened through to 2022.

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 United States ($X per pair), while the price for Mexico ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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