Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Dominican Republic - 2023

Contents:

1. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Dominican Republic (CIF) - 2023
2. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Dominican Republic (FOB) - 2022
3. Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Dominican Republic
4. Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Dominican Republic

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Dominican Republic (CIF) - 2023

The average import price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses stood at $8,655 per ton in March 2023, falling by -28.8% against the previous month. Over the period under review, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in June 2022 an increase of 239% against the previous month. Over the period under review, average import prices hit record highs at $122K per ton in March 2022; however, from April 2022 to March 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($13,746 per ton), while the price for Spain ($7,002 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by China (-0.3%), while the prices for the other major suppliers experienced a decline.

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Dominican Republic (FOB) - 2022

The average export price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses stood at $19,692 per ton in 2022, which is down by -2.8% against the previous year. In general, the export price recorded a noticeable reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 178% against the previous year. The export price peaked at $26,437 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($35,135 per ton), while the average price for exports to Aruba ($12,883 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 (+161.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Dominican Republic

In 2022, approx. 2.6K tons of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses were imported into the Dominican Republic; with an increase of 154% against the year before. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses surged to $17M in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 53%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths to the Dominican Republic in 2022:

1. China (2432.6 tons)
2. United States (72.8 tons)
3. Spain (40.4 tons)
4. Germany (3.4 tons)

Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in the Dominican Republic

In 2022, overseas shipments of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses decreased by -75.3% to 1.3 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of 18%. As a result, the exports reached the peak of 46 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses declined remarkably to $26K in 2022. In general, exports faced a dramatic shrinkage. The smallest decline of -51.1% was in 2020.

Top Export Markets for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths from the Dominican Republic in 2022:

1. United States (656.0 kg)
2. Aruba (334.0 kg)
3. Haiti (230.0 kg)
4. France (111.0 kg)

Source: IndexBox Market Intelligence Platform