Dominican Republic: Market for Upholstered Seats With Wooden Frames 2024

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

The Dominican wooden frame upholstered seat market skyrocketed to $X in 2022, with an increase of 39% 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 recorded a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Exports of Upholstered Seats With Wooden Frames

Exports from the Dominican Republic

In 2022, shipments abroad of upholstered seats with wooden frames decreased by -16.1% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 181%. Over the period under review, the exports reached the maximum at X units in 2021, and then reduced notably in the following year.

In value terms, wooden frame upholstered seat exports fell to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 166% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X units) was the main destination for wooden frame upholstered seat exports from the Dominican Republic, accounting for a 74% share of total exports. Moreover, wooden frame upholstered seat exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), tenfold. The third position in this ranking was held by Barbados (X units), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+40.4% per year) and Barbados (+73.9% per year).

In value terms, the United States ($X) remains the key foreign market for upholstered seats with wooden frames exports from the Dominican Republic, comprising 78% of total exports. The second position in the ranking was held by France ($X), with a 3.6% share of total exports. It was followed by Barbados, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+69.9% per year) and Barbados (+65.2% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, surging by 11% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 24%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Haiti ($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 France (+6.9%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Wooden Frames

Imports into the Dominican Republic

In 2022, the amount of upholstered seats with wooden frames imported into the Dominican Republic soared to X units, increasing by 18% against the previous year. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 84% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, wooden frame upholstered seat imports surged to $X in 2022. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame upholstered seat to the Dominican Republic, with a 66% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fivefold. The third position in this ranking was taken by Brazil (X units), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+44.8% per year) and Brazil (+41.6% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to the Dominican Republic, comprising 62% of total imports. The second position in the ranking was held by Brazil ($X), with a 10% share of total imports. It was followed by the United States, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+50.1% per year) and the United States (+3.8% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, increasing by 11% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame upholstered seat import price increased by +48.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 82%. As a result, import price attained the peak level of $X per unit. 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 the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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