Price for Knitted or Crocheted Pile Fabrics in the Dominican Republic - 2023
Contents:
- Price for Knitted or Crocheted Pile Fabrics in the Dominican Republic (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in the Dominican Republic (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in the Dominican Republic
- Exports of Knitted or Crocheted Pile Fabrics in the Dominican Republic
Price for Knitted or Crocheted Pile Fabrics in the Dominican Republic (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $6,935 per ton in 2022, with a decrease of -22.8% against the previous year. Over the period under review, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of 71%. Over the period under review, average import prices reached the maximum at $9,793 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($29,775 per ton), while the price for Honduras ($655 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knitted or Crocheted Pile Fabrics in the Dominican Republic (FOB) - 2022
The average export price for knitted or crocheted pile fabricses stood at $12,558 per ton in 2022, jumping by 25% against the previous year. In general, the export price continues to indicate mild growth. The pace of growth was the most pronounced in 2016 an increase of 196%. The export price peaked at $18,335 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($37,344 per ton), while the average price for exports to Haiti ($3,260 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 China (+5.2%), while the prices for the other major destinations experienced a decline.
Imports of Knitted or Crocheted Pile Fabrics in the Dominican Republic
After two years of decline, purchases abroad of knitted or crocheted pile fabricses increased by 10% to 51 tons in 2022. Over the period under review, imports, however, showed a precipitous slump.
In value terms, knitted or crocheted pile fabrics imports fell to $350K in 2022. In general, imports, however, faced a sharp reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 42%.
Import of Knitted or Crocheted Pile Fabrics in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 908 | 89.9 | 186 | 164 | -43.5% |
United States | 928 | 31.9 | 94.0 | 82.7 | -55.3% |
China | 559 | 58.0 | 51.3 | 49.0 | -55.6% |
Taiwan (Chinese) | 1,092 | 69.1 | 32.6 | 28.7 | -70.3% |
Indonesia | 139 | 11.5 | 10.6 | 8.1 | -61.2% |
El Salvador | 140 | 14.6 | 11.4 | 6.5 | -64.1% |
Honduras | 46.3 | 4.1 | 4.0 | 3.3 | -58.5% |
Guatemala | 708 | N/A | N/A | N/A | 0% |
Others | 112 | 10.1 | 21.5 | 8.3 | -58.0% |
Total | 4,632 | 289 | 411 | 350 | -57.7% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to the Dominican Republic in 2022:
- China (13.5 tons)
- Indonesia (6.3 tons)
- Hong Kong SAR (5.5 tons)
- El Salvador (5.3 tons)
- Honduras (5.0 tons)
- United States (3.1 tons)
- Taiwan (Chinese) (2.0 tons)
Exports of Knitted or Crocheted Pile Fabrics in the Dominican Republic
In 2022, approx. 665 kg of knitted or crocheted pile fabricses were exported from the Dominican Republic; which is down by -28.2% on 2021 figures. In general, exports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2021 when exports increased by 130% against the previous year.
In value terms, knitted or crocheted pile fabrics exports declined to $8.3K in 2022. Over the period under review, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year.
Export of Knitted or Crocheted Pile Fabrics in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.6 | 4.8 | 7.9 | 5.1 | 47.2% |
Haiti | 3.2 | 1.6 | 0.7 | 1.8 | -17.5% |
United States | 2.5 | 0.4 | N/A | 1.0 | -26.3% |
Israel | 17.9 | N/A | N/A | N/A | 0% |
Others | 0.4 | 0.6 | 0.7 | 0.5 | 7.7% |
Total | 25.6 | 7.4 | 9.3 | 8.3 | -31.3% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from the Dominican Republic in 2022:
- Haiti (547.0 kg)
- China (137.0 kg)
- United States (107.0 kg)
This report provides an in-depth analysis of the knitted fabric market in the Dominican Republic.
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