Report Update: Apr 1, 2024

Dominican Republic - Carpets And Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights

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Carpet Price in the Dominican Republic - 2023

Carpet Price in the Dominican Republic (CIF) - 2022

The average carpet import price stood at $11 per square meter in 2022, declining by -14.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $18 per square meter in 2019; however, from 2020 to 2022, import prices stood 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 Egypt ($33 per square meter), while the price for China ($6.5 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Carpet Price in the Dominican Republic (FOB) - 2022

In 2022, the average carpet export price amounted to $12 per square meter, with an increase of 4.6% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carpet export price increased by +37.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 57% against the previous year. As a result, the export price attained the peak level of $16 per square meter. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($31 per square meter), while the average price for exports to France ($6.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports in the Dominican Republic

In 2022, approx. 586K square meters of carpets and other textile floor coverings were imported into the Dominican Republic; with an increase of 31% compared with 2021 figures. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, carpet imports expanded significantly to $6.3M in 2022. Over the period under review, imports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Imports peaked at $7.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Carpet in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	997	755	1,248	1,493	14.4%
China	1,791	1,040	1,534	1,468	-6.4%
United States	1,509	904	735	1,322	-4.3%
Belgium	283	241	319	417	13.8%
Spain	393	172	260	361	-2.8%
Egypt	235	194	347	310	9.7%
Panama	470	194	118	38.5	-56.6%
Sweden	190	158	193	1.2	-81.5%
Others	1,284	818	870	882	-11.8%
Total	7,150	4,476	5,624	6,293	-4.2%

Top Suppliers of Carpet to the Dominican Republic in 2022:

China (226.1K square meters)
India (164.0K square meters)
United States (119.9K square meters)
Belgium (16.5K square meters)
Spain (11.2K square meters)
Egypt (9.4K square meters)
Panama (4.0K square meters)
Sweden (0.1K square meters)

Carpet Exports in the Dominican Republic

In 2022, shipments abroad of carpets and other textile floor coverings decreased by -19.3% to 2.7K square meters, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 433%. As a result, the exports attained the peak of 4.4K square meters. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, carpet exports fell notably to $34K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 460%. As a result, the exports reached the peak of $42K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Carpet in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1.9	17.3	16.2	26.3	140.1%
Haiti	0.5	3.6	6.9	4.1	101.7%
France	N/A	0.1	0.9	1.5	287.3%
Cuba	N/A	N/A	N/A	1.3	0%
Mexico	N/A	11.3	11.2	0.1	-90.6%
Venezuela	0.2	2.0	1.2	N/A	144.9%
Saint Lucia	N/A	2.7	N/A	N/A	0%
Jamaica	4.7	1.2	2.4	N/A	-28.5%
Others	0.2	3.6	1.4	0.6	44.2%
Total	7.5	41.8	40.2	33.9	65.3%

Top Export Markets for Carpet from the Dominican Republic in 2022:

United States (2146.0 square meters)
France (238.0 square meters)
Cuba (142.0 square meters)
Haiti (132.0 square meters)
Mexico (7.0 square meters)
Jamaica (1.0 square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the carpet 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 13931100 - Knotted carpets and other knotted textile floor coverings
Prodcom 13931200 - Woven carpets and other woven textile coverings (excluding tufted or flocked)
Prodcom 13931300 - Tufted carpets and other tufted textile floor coverings

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