Report Update: May 1, 2024

Dominican Republic - Composition Leather - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Composition Leather Price in the Dominican Republic - 2023

Composition Leather Price in the Dominican Republic (CIF) - 2022

The average composition leather import price stood at $1.9 per square meter in 2022, with an increase of 24% against the previous year. Overall, the import price, however, showed a slight reduction. The import price peaked at $2.4 per square meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2.8 per square meter), while the price for Bolivia ($0.9 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Composition Leather Price in the Dominican Republic (FOB) - 2022

In 2022, the average composition leather export price amounted to $13 per square meter, growing by 7.9% against the previous year. In general, the export price posted a resilient increase. The pace of growth was the most pronounced in 2014 an increase of 1,773% against the previous year. The export price peaked at $35 per square meter in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($13 per square meter), while the average price for exports to Indonesia stood at $4.6 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.6%), while the prices for the other major destinations experienced a decline.

Composition Leather Imports in the Dominican Republic

In 2022, the amount of composition leather imported into the Dominican Republic rose modestly to 11M square meters, with an increase of 4% on the previous year's figure. Overall, imports, however, continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Over the period under review, imports hit record highs at 12M square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, composition leather imports soared to $21M in 2022. In general, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Composition Leather in the Dominican Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	6.6	6.5	7.5	10.5	16.7%
Italy	1.8	1.2	2.2	4.5	35.7%
Brazil	1.2	0.7	0.7	2.9	34.2%
Bolivia	0.2	0.4	2.0	1.7	104.1%
Mexico	7.1	0.5	1.2	0.4	-61.7%
United States	0.4	0.2	0.5	0.4	0.0%
Colombia	0.2	0.3	0.4	0.1	-20.6%
Others	0.6	0.6	1.4	0.1	-45.0%
Total	18.2	10.3	16.0	20.6	4.2%

Top Suppliers of Composition Leather to the Dominican Republic in 2022:

Turkey (3.8M square meters)
Brazil (2.5M square meters)
Bolivia (2.0M square meters)
Italy (1.6M square meters)
Mexico (0.3M square meters)
United States (0.3M square meters)
Colombia (0.1M square meters)

Composition Leather Exports in the Dominican Republic

In 2022, overseas shipments of composition leather decreased by -30.4% to 17K square meters for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 14,684%. The exports peaked at 25K square meters in 2021, and then contracted sharply in the following year.

In value terms, composition leather exports contracted sharply to $222K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 13,868%. The exports peaked at $296K in 2021, and then dropped notably in the following year.

Export of Composition Leather in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1.1	146	32.7	216	481.2%
Indonesia	N/A	0.5	0.2	5.8	240.6%
Haiti	N/A	2.5	N/A	N/A	0%
Cambodia	N/A	N/A	131	N/A	0%
Others	N/A	N/A	131	N/A	0%
Total	1.1	148	296	222	486.6%

Top Export Markets for Composition Leather from the Dominican Republic in 2022:

United States (16.2K square meters)
Indonesia (1.3K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the composition leather 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 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips

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