Dominican Republic - Industrial Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingIndustrial Sewing Machine Price in the Dominican Republic - 2023
Contents:
- Industrial Sewing Machine Price in the Dominican Republic (CIF) - 2022
- Industrial Sewing Machine Price in the Dominican Republic (FOB) - 2023
- Industrial Sewing Machine Imports in the Dominican Republic
- Industrial Sewing Machine Exports in the Dominican Republic
Industrial Sewing Machine Price in the Dominican Republic (CIF) - 2022
The average industrial sewing machine import price stood at $651 per unit in 2022, reducing by -15.4% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial sewing machine import price increased by +36.7% against 2014 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 34% against the previous year. The import price peaked at $769 per unit in 2021, and then declined remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,053 per unit), while the price for the United States ($278 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Industrial Sewing Machine Price in the Dominican Republic (FOB) - 2023
The average industrial sewing machine export price stood at $3,122 per unit in March 2023, rising by 39% against the previous month. In general, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in August 2022 an increase of 203% against the previous month. As a result, the export price reached the peak level of $3,538 per unit; afterwards, it flattened through to March 2023.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From March 2022 to March 2023, the rate of growth in terms of prices for Nicaragua amounted to +73.0% per month.
Industrial Sewing Machine Imports in the Dominican Republic
Industrial sewing machine imports into the Dominican Republic skyrocketed to 11K units in 2022, increasing by 59% on the year before. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.9% 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 +59.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, industrial sewing machine imports soared to $7.2M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.5% 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 +54.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Industrial Sewing Machine in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 640 | 1,293 | 1,348 | 3,467 | 75.6% |
| Japan | 1,760 | 536 | 1,812 | 2,800 | 16.7% |
| United States | 1,189 | 1,589 | 687 | 567 | -21.9% |
| South Korea | 56.8 | 116 | 95.8 | 3.8 | -59.4% |
| Singapore | 281 | 128 | 107 | N/A | -38.3% |
| Germany | 176 | 264 | 204 | N/A | 7.7% |
| Others | 554 | 962 | 1,071 | 343 | -14.8% |
| Total | 4,658 | 4,888 | 5,324 | 7,181 | 15.5% |
Top Suppliers of Industrial Sewing Machine to the Dominican Republic in 2022:
- South Korea (undefinedK units)
- China (7.5K units)
- United States (2.0K units)
- Japan (1.4K units)
Industrial Sewing Machine Exports in the Dominican Republic
Industrial sewing machine exports from the Dominican Republic skyrocketed to 3.8K units in 2022, growing by 51% on the previous year's figure. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 74%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, industrial sewing machine exports declined rapidly to $4.3M in 2022. Overall, total exports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 93%. As a result, the exports reached the peak of $5.1M, and then declined notably in the following year.
| Export of Industrial Sewing Machine in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 1,805 | 1,939 | 3,324 | 2,952 | 17.8% |
| Nicaragua | 64.2 | 118 | 230 | 866 | 138.0% |
| United States | 30.2 | 196 | 54.1 | 218 | 93.3% |
| Guatemala | 3.9 | 2.8 | 1.8 | 199 | 270.9% |
| Honduras | 846 | 271 | 307 | N/A | -39.8% |
| Others | 1,189 | 135 | 1,220 | 22.1 | -73.5% |
| Total | 3,937 | 2,662 | 5,137 | 4,257 | 2.6% |
Top Export Markets for Industrial Sewing Machine from the Dominican Republic in 2022:
- Haiti (1664.0 units)
- Nicaragua (1051.0 units)
- Guatemala (770.0 units)
- United States (252.0 units)
This report provides an in-depth analysis of the industrial sewing machine 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 28942430 - Industrial automatic sewing machines (excluding book-sewing machines)
- Prodcom 28942450 - Industrial sewing machines (excluding book-sewing machines, automatic machines)
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
455
This report provides an in-depth analysis of the industrial sewing machine market in the Dominican Republic.
297
This report provides an in-depth analysis of the household sewing machine market in the Dominican Republic.
400
This report provides an in-depth analysis of the market for industrial sewing machines (non-automatic) in the Dominican Republic.
233
This report provides an in-depth analysis of the sewing machine furniture market in the Dominican Republic.
404
This report provides an in-depth analysis of the market for industrial automatic sewing machine in the Dominican Republic.
224
This report provides an in-depth analysis of the sewing machine needle market in the Dominican Republic.
696
This report provides an in-depth analysis of the global industrial sewing machine market.
3276
This report provides an in-depth analysis of the global household sewing machine market.
440
This report provides an in-depth analysis of the global market for industrial sewing machines (non-automatic).
620
This report provides an in-depth analysis of the global sewing machine furniture market.
3854
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
899
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
1202
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
4132
China dominates in global household sewing machine production and trade. In 2013, China exported X% of its total output. Of this amount, X% was supplied to the United States, where Chinese household sewing machines held X% share of total U.S.
3854
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
899
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
1202
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
4132
China dominates in global household sewing machine production and trade. In 2013, China exported X% of its total output. Of this amount, X% was supplied to the United States, where Chinese household sewing machines held X% share of total U.S.
