Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the Dominican Republic - 2023

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the Dominican Republic (CIF) - 2023
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the Dominican Republic (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the Dominican Republic
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the Dominican Republic

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the Dominican Republic (CIF) - 2023

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $9,030 per ton in March 2023, surging by 34% against the previous month. Overall, import price indicated a tangible increase from March 2022 to March 2023: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, import price for footwear; parts, outer soles and heels, of rubber or plasticses increased by +9.1% against December 2022 indices. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 109% m-o-m. As a result, import price reached the peak level of $12,851 per ton. From June 2022 to March 2023, the average import prices remained 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 ($16,518 per ton), while the price for Guatemala ($3,838 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 (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the Dominican Republic (FOB) - 2022

In 2022, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $10,047 per ton, with an increase of 57% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $10,830 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($11,413 per ton), while the average price for exports to Italy ($3,946 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 Mexico (+2.5%), while the prices for the other major destinations experienced a decline.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the Dominican Republic

In 2022, imports of footwear; parts, outer soles and heels, of rubber or plasticses into the Dominican Republic soared to 3.2K tons, increasing by 22% on the year before. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses skyrocketed to $23M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to the Dominican Republic in 2022:

1. China (1851.3 tons)
2. Mexico (471.5 tons)
3. Cambodia (432.7 tons)
4. Hong Kong SAR (231.2 tons)
5. United States (154.8 tons)
6. Vietnam (13.2 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in the Dominican Republic

Exports of footwear; parts, outer soles and heels, of rubber or plasticses from the Dominican Republic expanded rapidly to 64 tons in 2022, picking up by 8.3% compared with the year before. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 182% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses soared to $645K in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 121%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from the Dominican Republic in 2022:

1. United States (42.9 tons)
2. Mexico (18.8 tons)
3. Italy (1.0 tons)
4. Canada (0.9 tons)

Source: IndexBox Market Intelligence Platform