Dominican Republic: Woolen Fabric Market 2025

Woolen Fabric Market Size in the Dominican Republic

The Dominican woolen fabric market soared to $X in 2021, with an increase of 18% 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). In general, consumption, however, continues to indicate a deep contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Woolen Fabric Exports

Exports from the Dominican Republic

In 2021, exports of woven woolen fabrics from the Dominican Republic totaled X square meters, growing by 4.2% on the previous year. Overall, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 177%. As a result, the exports attained the peak of X square meters. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, woolen fabric exports fell to $X in 2021. In general, exports, however, saw a sharp curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 177% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X square meters), Italy (X square meters) and the United States (X square meters) were the main destinations of woolen fabric exports from the Dominican Republic, with a combined 90% share of total exports. These countries were followed by China, which accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +19.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for woolen fabric exported from the Dominican Republic were Haiti ($X), the United States ($X) and Italy ($X), with a combined 86% share of total exports. These countries were followed by China, which accounted for a further 12%.

In terms of the main countries of destination, China, with a CAGR of +16.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average woolen fabric export price amounted to $X per square meter, falling by -8.6% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 an increase of 70% against the previous year. The export price peaked at $X per square meter in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Italy ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-2.9%), while the prices for the other major destinations experienced a decline.

Woolen Fabric Imports

Imports into the Dominican Republic

In 2021, approx. X square meters of woven woolen fabrics were imported into the Dominican Republic; surging by 13% compared with 2020 figures. Over the period under review, imports, however, faced a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 398% against the previous year. Over the period under review, imports hit record highs at X square meters in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, woolen fabric imports soared to $X in 2021. Overall, imports, however, faced a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 452%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X square meters), India (X square meters) and the United States (X square meters) were the main suppliers of woolen fabric imports to the Dominican Republic, with a combined 90% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of -6.9%), while purchases for the other leaders experienced a decline.

In value terms, India ($X) constituted the largest supplier of woven woolen fabrics to the Dominican Republic, comprising 61% of total imports. The second position in the ranking was held by Ukraine ($X), with a 14% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from India stood at -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-0.4% per year) and China (-27.4% per year).

Import Prices by Country

The average woolen fabric import price stood at $X per square meter in 2021, picking up by 8.5% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2018 an increase of 11% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2019 to 2021, the average import prices remained at a lower figure.

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 Ukraine ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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