Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Dominican Republic - 2023

Contents:

1. Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Dominican Republic (CIF) - 2022
2. Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Dominican Republic (FOB) - 2022
3. Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Dominican Republic
4. Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Dominican Republic

Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Dominican Republic (CIF) - 2022

In 2022, the average import price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $13 per square meter, rising by 21% against the previous year. Overall, the import price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 307%. As a result, import price reached the peak level of $148 per square meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($57 per square meter), while the price for India ($7.2 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Dominican Republic (FOB) - 2022

The average export price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $11 per square meter in 2022, shrinking by -8.4% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 604% against the previous year. Over the period under review, the average export prices attained the maximum at $31 per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($12 per square meter), while the average price for exports to Guatemala ($9.6 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 Costa Rica (+2.9%), while the prices for the other major destinations experienced a decline.

Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Dominican Republic

In 2022, approx. 135K square meters of carpets and other textile floor coverings; tufted, whether or not made ups were imported into the Dominican Republic; reducing by -69.5% on 2021. Overall, imports showed a sharp descent. The pace of growth was the most pronounced in 2021 when imports increased by 16% against the previous year. Over the period under review, imports of hit record highs at 452K square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups reduced markedly to $1.7M in 2022. Over the period under review, imports faced a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of $4.6M, and then declined dramatically in the following year.

Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to the Dominican Republic in 2022:

1. India (38.3K square meters)
2. United States (37.9K square meters)
3. China (37.3K square meters)
4. Egypt (6.0K square meters)
5. Spain (2.5K square meters)
6. Mexico (2.1K square meters)
7. Germany (2.1K square meters)
8. Italy (1.4K square meters)

Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the Dominican Republic

In 2022, the amount of carpets and other textile floor coverings; tufted, whether or not made ups exported from the Dominican Republic fell notably to 746 square meters, waning by -40.9% against the previous year. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 1,302% against the previous year. The exports peaked at 1.9K square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups shrank rapidly to $8.4K in 2022. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 1,197% against the previous year. As a result, the exports attained the peak of $16K, and then contracted markedly in the following year.

Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from the Dominican Republic in 2022:

1. Jamaica (595.0 square meters)
2. Guatemala (148.0 square meters)
3. Costa Rica (3.0 square meters)

Source: IndexBox Market Intelligence Platform