Report Update: May 1, 2024

Dominican Republic - Base Metal Furniture Locks - Market Analysis, Forecast, Size, Trends And Insights

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Metal Furniture Lock Price in the Dominican Republic - 2023

Metal Furniture Lock Price in the Dominican Republic (CIF) - 2022

The average metal furniture lock import price stood at $9,270 per ton in 2022, increasing by 32% against the previous year. In general, the import price, however, saw a perceptible decrease. The import price peaked at $16,842 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Spain ($17,683 per ton), while the price for China ($6,484 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Metal Furniture Lock Price in the Dominican Republic (FOB) - 2022

The average metal furniture lock export price stood at $3,370 per ton in 2022, dropping by -65.2% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 235%. The export price peaked at $16,518 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($11,524 per ton), while the average price for exports to Saint Vincent and the Grenadines stood at $1,906 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+18.5%).

Metal Furniture Lock Imports in the Dominican Republic

In 2022, purchases abroad of base metal furniture locks increased by 0.9% to 32 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a deep reduction.

In value terms, metal furniture lock imports surged to $297K in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease.

Import of Metal Furniture Lock in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	231	184	111	132	-17.0%
Spain	85.4	52.2	49.9	91.1	2.2%
Mexico	30.3	15.9	31.0	28.0	-2.6%
United States	6.9	12.7	25.9	18.1	37.9%
Brazil	0.7	0.1	0.1	8.5	129.8%
Hong Kong SAR	38.4	1.5	N/A	N/A	-96.1%
Others	8.3	3.1	5.2	19.2	32.3%
Total	401	270	223	297	-9.5%

Top Suppliers of Metal Furniture Lock to the Dominican Republic in 2022:

China (20.3 tons)
Spain (5.2 tons)
Mexico (4.2 tons)
United States (1.2 tons)
Brazil (0.5 tons)

Metal Furniture Lock Exports in the Dominican Republic

In 2022, metal furniture lock exports from the Dominican Republic soared to 276 kg, picking up by 79% compared with the previous year's figure. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 450%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, metal furniture lock exports fell notably to $930 in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 331%.

Export of Metal Furniture Lock in the Dominican Republic (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Haiti	N/A	371	1,489	484	14.2%
Saint Vincent and the Grenadines	N/A	N/A	N/A	446	0%
Jamaica	86.0	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	86.0	371	1,489	930	121.1%

Top Export Markets for Metal Furniture Lock from the Dominican Republic in 2022:

Saint Vincent and the Grenadines (234.0 kg)
Haiti (42.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal furniture lock market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25721170 - Base metal furniture locks

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023