Price for Slide Fasteners and Parts Thereof in the Dominican Republic - 2023

Contents:

1. Price for Slide Fasteners and Parts Thereof in the Dominican Republic (CIF) - 2023
2. Price for Slide Fasteners and Parts Thereof in the Dominican Republic (FOB) - 2022
3. Imports of Slide Fasteners and Parts Thereof in the Dominican Republic
4. Exports of Slide Fasteners and Parts Thereof in the Dominican Republic

Price for Slide Fasteners and Parts Thereof in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for slide fasteners and parts thereoves amounted to $121 per thousand units, which is down by -14% against the previous month. Overall, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in September 2022 an increase of 597% against the previous month. As a result, import price reached the peak level of $0.7 per unit. From October 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 ($187 per thousand units), while the price for China ($52.0 per thousand units) was amongst the lowest.

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

Price for Slide Fasteners and Parts Thereof in the Dominican Republic (FOB) - 2022

The average export price for slide fasteners and parts thereoves stood at $0.1 per unit in 2022, which is down by -9.4% against the previous year. In general, the export price saw a slight decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $0.2 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($0.2 per unit), while the average price for exports to Haiti totaled $0.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.4%).

Imports of Slide Fasteners and Parts Thereof in the Dominican Republic

In 2022, the amount of slide fasteners and parts thereoves imported into the Dominican Republic rose remarkably to 63M units, growing by 13% on 2021. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, slide fasteners and parts thereof imports skyrocketed to $9.1M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 45%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Slide Fasteners and Parts Thereof to the Dominican Republic in 2022:

1. China (33.2M units)
2. United States (24.0M units)
3. Hong Kong SAR (2.7M units)

Exports of Slide Fasteners and Parts Thereof in the Dominican Republic

In 2022, overseas shipments of slide fasteners and parts thereoves decreased by -67.3% to 1.4M units, falling for the second consecutive year after two years of growth. In general, exports showed a dramatic setback. The pace of growth appeared the most rapid in 2020 when exports increased by 75% against the previous year. As a result, the exports reached the peak of 6.8M units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, slide fasteners and parts thereof exports fell remarkably to $170K in 2022. Over the period under review, exports recorded a sharp descent. The pace of growth was the most pronounced in 2020 when exports increased by 100%. As a result, the exports reached the peak of $839K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Slide Fasteners and Parts Thereof from the Dominican Republic in 2022:

1. Haiti (1124.7K units)
2. United States (295.2K units)

Source: IndexBox Market Intelligence Platform