Wool; Carded Price in the Dominican Republic - 2023

Wool; Carded Price in the Dominican Republic (FOB) - 2022

In 2022, the average wool; carded export price amounted to $21,374 per ton, standing approx. at the previous year. Overall, the export price recorded a slight contraction. The most prominent rate of growth was recorded in 2020 an increase of 580%. The export price peaked at $25,538 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the United States ($22,111 per ton), while the average price for exports to Haiti stood at $4,466 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+64.7%).

Wool; Carded Price in the Dominican Republic (CIF) - 2022

In 2022, the average wool; carded import price amounted to $3,455 per ton, dropping by -30.1% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 a decrease of -1.2%. Over the period under review, average import prices hit record highs at $15,000 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to -14.4% per year.

Wool; Carded Exports in the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in shipments abroad of wool; carded, which increased by 2,607% to 2.5 tons in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wool; carded exports skyrocketed to $53K in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 3,300%. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Wool; Carded in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	N/A	0.1	1.7	52.2	2184.7%
Haiti	N/A	N/A	0.2	0.5	150.0%
Others	N/A	N/A	N/A	N/A	0%
Total	N/A	0.1	2.0	52.6	2193.5%

Top Export Markets for Wool; Carded from the Dominican Republic in 2022:

United States (2.4 tons)
Haiti (0.1 tons)

Wool; Carded Imports in the Dominican Republic

In 2022, overseas purchases of wool; carded decreased by -85% to 22 kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 2,350% against the previous year. As a result, imports reached the peak of 147 kg, and then fell significantly in the following year.

In value terms, wool; carded imports shrank sharply to $76 in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 2,320% against the previous year. As a result, imports attained the peak of $726, and then reduced remarkably in the following year.