Dominican Republic: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in the Dominican Republic

The Dominican metal frame upholstered seat market soared to $X in 2021, surging by 96% 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 saw significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Upholstered Seats With Metal Frames

Exports from the Dominican Republic

In 2021, metal frame upholstered seat exports from the Dominican Republic surged to X units, rising by 40% on the previous year. Over the period under review, exports posted buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 823% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, metal frame upholstered seat exports skyrocketed to $X in 2021. In general, exports showed a significant increase. The growth pace was the most rapid in 2014 with an increase of 730%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for metal frame upholstered seat exports from the Dominican Republic, accounting for a 98% share of total exports. It was followed by Costa Rica (X units), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +5.6%.

In value terms, the United States ($X) remains the key foreign market for upholstered seats with metal frames exports from the Dominican Republic, comprising 99% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +20.3%.

Export Prices by Country

The average metal frame upholstered seat export price stood at $X per unit in 2021, with an increase of 32% against the previous year. In general, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2018 an increase of 119% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Costa Rica stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Upholstered Seats With Metal Frames

Imports into the Dominican Republic

For the fifth consecutive year, the Dominican Republic recorded growth in overseas purchases of upholstered seats with metal frames, which increased by 50% to X units in 2021. Over the period under review, imports showed strong growth. The growth pace was the most rapid in 2017 when imports increased by 62%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal frame upholstered seat imports surged to $X in 2021. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest metal frame upholstered seat supplier to the Dominican Republic, with a 84% share of total imports. It was followed by Italy (X units), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.5% per year) and the United States (+16.5% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to the Dominican Republic, comprising 79% of total imports. The second position in the ranking was taken by the United States ($X), with a 3.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +32.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.4% per year) and Italy (+29.5% per year).

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2021, picking up by 50% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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