Dominican Republic: Market for Bed Linen Of Cotton 2023

Market Size for Bed Linen Of Cotton in the Dominican Republic

The Dominican bed linen of cotton market surged to $X in 2021, jumping by 102% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Bed Linen Of Cotton

Exports from the Dominican Republic

In 2021, approx. X tons of bed linen of cotton were exported from the Dominican Republic; growing by 114% compared with the year before. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,537% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, bed linen of cotton exports surged to $X in 2021. In general, exports continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 1,227% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for bed linen of cotton exports from the Dominican Republic, with a 82% share of total exports. Moreover, bed linen of cotton exports to the United States exceeded the volume sent to the second major destination, Jamaica (X kg), tenfold. Costa Rica (X kg) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +42.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+18.4% per year) and Costa Rica (-18.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for bed linen of cotton exports from the Dominican Republic, comprising 69% of total exports. The second position in the ranking was held by Jamaica ($X), with a 27% share of total exports. It was followed by Costa Rica, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +40.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+27.6% per year) and Costa Rica (-30.2% per year).

Export Prices by Country

In 2021, the average bed linen of cotton export price amounted to $X per ton, increasing by 80% against the previous year. Overall, the export price, however, saw a pronounced slump. The growth pace was the most rapid in 2015 an increase of 159%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+7.8%), while the prices for the other major destinations experienced a decline.

Imports of Bed Linen Of Cotton

Imports into the Dominican Republic

In 2021, bed linen of cotton imports into the Dominican Republic soared to X tons, picking up by 131% against the previous year. In general, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bed linen of cotton imports surged to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.6% against 2019 indices. Over the period under review, imports hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bed linen of cotton to the Dominican Republic, accounting for a 53% share of total imports. Moreover, bed linen of cotton imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.3% per year) and Spain (+19.0% per year).

In value terms, China ($X) constituted the largest supplier of bed linen of cotton to the Dominican Republic, comprising 47% of total imports. The second position in the ranking was held by Spain ($X), with a 21% share of total imports. It was followed by the United States, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+14.8% per year) and the United States (+0.4% per year).

Import Prices by Country

In 2021, the average bed linen of cotton import price amounted to $X per ton, waning by -15.3% against the previous year. Overall, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 6.6% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Portugal ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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