Dominican Republic: T-Shirt Market 2024

T-Shirt Market Size in the Dominican Republic

The Dominican t-shirt market surged to $X in 2022, jumping by 993% against the previous year. In general, consumption, however, saw a deep contraction. T-shirt consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

T-Shirt Production in the Dominican Republic

In value terms, t-shirt production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 21% 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.

T-Shirt Exports

Exports from the Dominican Republic

In 2022, after four years of growth, there was significant decline in overseas shipments of t-shirts, when their volume decreased by -43.9% to X units. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 715%. As a result, the exports attained the peak of X units, and then shrank notably in the following year.

In value terms, t-shirt exports shrank dramatically to $X in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 362% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank markedly in the following year.

Exports by Country

The United States (X units) was the main destination for t-shirt exports from the Dominican Republic, accounting for a 58% share of total exports. Moreover, t-shirt exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+28.8% per year) and Nicaragua (+345.0% per year).

In value terms, the United States ($X) remains the key foreign market for t-shirts exports from the Dominican Republic, comprising 66% of total exports. The second position in the ranking was held by Haiti ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+19.8% per year) and Nicaragua (+299.8% per year).

Export Prices by Country

In 2022, the average t-shirt export price amounted to $X per unit, surging by 51% against the previous year. Overall, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 150% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Nicaragua ($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 Haiti (-7.0%), while the prices for the other major destinations experienced a decline.

T-Shirt Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of t-shirts was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2013 when imports increased by 53%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, t-shirt imports surged to $X in 2022. Overall, imports, however, faced a deep downturn. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest t-shirt supplier to the Dominican Republic, accounting for a 67% share of total imports. Moreover, t-shirt imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The third position in this ranking was taken by Spain (X units), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.5% per year) and Spain (+1.6% per year).

In value terms, China ($X) constituted the largest supplier of t-shirts to the Dominican Republic, comprising 52% of total imports. The second position in the ranking was held by Spain ($X), with a 12% share of total imports. It was followed by the United States, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.6% per year) and the United States (-6.2% per year).

Import Prices by Country

The average t-shirt import price stood at $X per unit in 2022, with an increase of 2.5% against the previous year. Overall, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of 104%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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