Dominican Republic: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in the Dominican Republic

The Dominican walking-sticks and whips market dropped to $X in 2021, which is down by -13.4% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +11.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +18.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Walking-Sticks And Whips Production in the Dominican Republic

In value terms, walking-sticks and whips production declined dramatically to $X in 2021 estimated in export price. Overall, production, however, recorded prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 110% against the previous year. Walking-sticks and whips production peaked at $X in 2020, and then declined notably in the following year.

Walking-Sticks And Whips Exports

Exports from the Dominican Republic

In 2021, approx. X tons of walking-sticks, seat-sticks, whips and riding-crops were exported from the Dominican Republic; picking up by 48% compared with the previous year. In general, exports continue to indicate a strong increase. The growth pace was the most rapid in 2016 with an increase of 178% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, walking-sticks and whips exports surged to $X in 2021. 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

Guatemala (X kg), Nicaragua (X kg) and Haiti (X kg) were the main destinations of walking-sticks and whips exports from the Dominican Republic, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were in Guatemala (with a CAGR of +26.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Haiti ($X) remains the key foreign market for walking-sticks and whips exports from the Dominican Republic, comprising 79% of total exports. The second position in the ranking was held by Guatemala ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti amounted to +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+29.0% per year) and Nicaragua (+7.1% per year).

Export Prices by Country

In 2021, the average walking-sticks and whips export price amounted to $X per ton, growing by 25% against the previous year. Overall, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 100% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+34.8%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into the Dominican Republic

In 2021, walking-sticks and whips imports into the Dominican Republic soared to X tons, growing by 24% on the year before. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 684%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, walking-sticks and whips imports reduced to $X in 2021. In general, imports continue to indicate a perceptible increase. The growth pace was the most rapid in 2015 when imports increased by 570% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of walking-sticks and whips to the Dominican Republic, with a 85% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), tenfold. The third position in this ranking was held by Costa Rica (X kg), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +69.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.4% per year) and Costa Rica (0.0% per year).

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to the Dominican Republic, comprising 60% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Costa Rica, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +38.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.3% per year) and Costa Rica (0.0% per year).

Import Prices by Country

The average walking-sticks and whips import price stood at $X per ton in 2021, reducing by -23.9% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 76%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Panama ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Haiti (+98.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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