Report Update: Apr 1, 2024

Dominican Republic - Plaits And Similar Products Of Plaiting Materials - Market Analysis, Forecast, Size, Trends and Insights

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Plaits and Basketwork Price in the Dominican Republic - 2023

Plaits and Basketwork Price in the Dominican Republic (CIF) - 2022

In 2022, the average plaits and basketwork import price amounted to $6,606 per ton, dropping by -11.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2016 an increase of 14%. Over the period under review, average import prices reached the peak figure at $8,724 per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Indonesia ($11,594 per ton), while the price for the Netherlands ($2,815 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Plaits and Basketwork Price in the Dominican Republic (FOB) - 2022

The average plaits and basketwork export price stood at $6,173 per ton in 2022, standing approx. at the previous year. In general, the export price enjoyed strong growth. The pace of growth appeared the most rapid in 2013 an increase of 190% against the previous year. The export price peaked at $16,841 per ton in 2017; however, from 2018 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 ($5,932 per ton), while the average price for exports to the Netherlands amounted to $440 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+2.9%), while the prices for the other major destinations experienced a decline.

Plaits and Basketwork Imports in the Dominican Republic

In 2022, the amount of plaits, basketwork, wickerwork and similar products of plaiting materials imported into the Dominican Republic skyrocketed to 255 tons, with an increase of 79% against 2021. In general, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 187% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, plaits and basketwork imports surged to $1.7M in 2022. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 146% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Plaits and Basketwork in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	704	225	619	888	8.0%
Vietnam	110	98.3	120	337	45.2%
Sri Lanka	N/A	N/A	21.3	97.8	359.2%
Indonesia	101	38.0	102	88.8	-4.2%
Netherlands	0.1	5.6	7.4	21.2	496.3%
Others	166	65.8	194	252	14.9%
Total	1,081	432	1,063	1,686	16.0%

Top Suppliers of Plaits and Basketwork to the Dominican Republic in 2022:

China (122.5 tons)
Vietnam (73.1 tons)
Sri Lanka (25.5 tons)
Indonesia (7.7 tons)
Netherlands (7.5 tons)

Plaits and Basketwork Exports in the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in shipments abroad of plaits, basketwork, wickerwork and similar products of plaiting materials, which increased by 8.1% to 32 tons in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 433% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, plaits and basketwork exports expanded notably to $195K in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 258%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Export of Plaits and Basketwork in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	24.2	134	166	174	93.0%
Netherlands	N/A	N/A	N/A	0.4	0%
Others	20.3	25.5	12.4	20.6	0.5%
Total	44.5	159	179	195	63.6%

Top Export Markets for Plaits and Basketwork from the Dominican Republic in 2022:

United States (29.4 tons)
Netherlands (0.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plaits and basketwork 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 16292500 - Manufactures of straw, of esparto or of other plaiting materials, basket ware and wickerwork

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