Dominican Republic: Cotton Table Linen Market 2024

Cotton Table Linen Market Size in the Dominican Republic

In 2022, the Dominican cotton table linen market increased by 6.2% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, recorded a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cotton Table Linen Production in the Dominican Republic

In value terms, cotton table linen production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2017 with an increase of 18%. Cotton table linen production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cotton Table Linen Exports

Exports from the Dominican Republic

In 2022, approx. X tons of table linen of cotton were exported from the Dominican Republic; picking up by 35% on 2021 figures. In general, exports showed slight growth. The growth pace was the most rapid in 2014 when exports increased by 11,556% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cotton table linen exports surged to $X in 2022. Overall, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 9,845%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for cotton table linen exports from the Dominican Republic, with a 60% share of total exports. Moreover, cotton table linen exports to Haiti exceeded the volume sent to the second major destination, Jamaica (X tons), twofold. The third position in this ranking was held by Antigua and Barbuda (X kg), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+63.2% per year) and Antigua and Barbuda (+604.7% per year).

In value terms, Haiti ($X) remains the key foreign market for table linen of cotton exports from the Dominican Republic, comprising 92% of total exports. The second position in the ranking was held by Jamaica ($X), with a 4.7% share of total exports. It was followed by Antigua and Barbuda, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value to Haiti stood at +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+45.2% per year) and Antigua and Barbuda (+83.0% per year).

Export Prices by Country

The average cotton table linen export price stood at $X per ton in 2022, picking up by 11% against the previous year. In general, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2019 when the average export price increased by 208% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+26.6%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton Table Linen Imports

Imports into the Dominican Republic

In 2022, imports of table linen of cotton into the Dominican Republic surged to X tons, rising by 46% on 2021 figures. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +112.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 52%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, cotton table linen imports soared to $X in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its value 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, imports increased by +125.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest cotton table linen supplier to the Dominican Republic, with a 55% share of total imports. Moreover, cotton table linen imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.3% per year) and the United States (+7.4% per year).

In value terms, the largest cotton table linen suppliers to the Dominican Republic were China ($X), India ($X) and the United States ($X), with a combined 75% share of total imports. Portugal, Spain, Bangladesh and Bulgaria lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Bangladesh, with a CAGR of +51.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton table linen import price stood at $X per ton in 2022, shrinking by -6.5% against the previous year. In general, the import price recorded a slight setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 58% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat 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 Portugal ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :