Dominican Republic - Metal Complete And Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMetal Domestic Furniture Price in the Dominican Republic - 2023
Contents:
- Metal Domestic Furniture Price in the Dominican Republic (CIF) - 2022
- Metal Domestic Furniture Price in the Dominican Republic (FOB) - 2022
- Metal Domestic Furniture Imports in the Dominican Republic
- Metal Domestic Furniture Exports in the Dominican Republic
Metal Domestic Furniture Price in the Dominican Republic (CIF) - 2022
The average metal domestic furniture import price stood at $6,240 per ton in 2022, falling by -5.4% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal domestic furniture import price decreased by -42.2% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 55% against the previous year. As a result, import price attained the peak level of $10,787 per ton. From 2020 to 2022, the average 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 China ($9,257 per ton), while the price for Germany ($1,992 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Domestic Furniture Price in the Dominican Republic (FOB) - 2022
The average metal domestic furniture export price stood at $6,258 per ton in 2022, growing by 101% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $7,753 per ton in 2015; however, from 2016 to 2022, 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 ($7,050 per ton), while the average price for exports to Haiti ($3,730 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.8%), while the prices for the other major destinations experienced a decline.
Metal Domestic Furniture Imports in the Dominican Republic
In 2022, approx. 12K tons of metal furniture were imported into the Dominican Republic; increasing by 43% compared with the previous year's figure. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 100%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, metal domestic furniture imports soared to $77M in 2022. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Metal Domestic Furniture in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.6 | 17.9 | 30.6 | 39.1 | 20.0% |
| United States | 6.4 | 4.4 | 5.6 | 8.7 | 10.8% |
| Spain | 5.4 | 4.5 | 4.8 | 6.3 | 5.3% |
| Italy | 1.7 | 2.3 | 2.7 | 3.6 | 28.4% |
| Poland | 1.0 | 2.4 | 2.9 | 3.0 | 44.2% |
| Vietnam | 0.7 | 0.4 | 1.2 | 1.7 | 34.4% |
| Brazil | 0.7 | 0.6 | 0.6 | 1.6 | 31.7% |
| Mexico | 2.0 | 1.9 | 1.7 | 1.5 | -9.1% |
| India | 0.4 | 0.3 | 0.8 | 1.5 | 55.4% |
| Lithuania | 0.2 | 0.6 | 0.8 | 1.1 | 76.5% |
| Germany | 0.4 | 0.4 | 0.6 | 0.8 | 26.0% |
| Portugal | 0.5 | 0.7 | 0.8 | 0.6 | 6.3% |
| Others | 4.1 | 2.7 | 4.3 | 7.8 | 23.9% |
| Total | 46.0 | 39.0 | 57.2 | 77.1 | 18.8% |
Top Suppliers of Metal Domestic Furniture to the Dominican Republic in 2022:
- China (4220.8 tons)
- United States (2129.0 tons)
- Poland (1033.7 tons)
- Italy (864.5 tons)
- Spain (731.2 tons)
- Germany (385.8 tons)
- Vietnam (308.2 tons)
- Brazil (297.5 tons)
- India (287.5 tons)
- Lithuania (272.5 tons)
- Portugal (215.7 tons)
- Mexico (176.6 tons)
Metal Domestic Furniture Exports in the Dominican Republic
After three years of growth, overseas shipments of metal furniture decreased by -41.4% to 270 tons in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 144% against the previous year.
In value terms, metal domestic furniture exports soared to $1.7M in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 71% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Metal Domestic Furniture in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 128 | 740 | 248 | 1,296 | 116.3% |
| Haiti | 220 | 244 | 300 | 175 | -7.3% |
| France | 13.4 | 4.9 | 2.9 | 107 | 99.9% |
| Saint Kitts and Nevis | 0.1 | N/A | N/A | 22.7 | 510.0% |
| Panama | N/A | 4.3 | 466 | 0.1 | -84.8% |
| Costa Rica | 53.3 | 19.0 | 0.8 | 0.1 | -87.7% |
| Others | 195 | 32.9 | 424 | 91.3 | -22.3% |
| Total | 610 | 1,045 | 1,441 | 1,692 | 40.5% |
Top Export Markets for Metal Domestic Furniture from the Dominican Republic in 2022:
- Panama (undefined tons)
- United States (183.8 tons)
- Haiti (46.8 tons)
- France (19.9 tons)
- Saint Kitts and Nevis (4.7 tons)
- Costa Rica (0.1 tons)
This report provides an in-depth analysis of the metal domestic furniture 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 31091100 - Metal furniture (excluding office, medical, surgical, dental or veterinary furniture, barbers
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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