Report Update Apr 1, 2024

Dominican Republic - Blankets and Travelling Rugs of Wool - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in the Dominican Republic

In 2022, the Dominican travelling wool rug market increased by 82% to $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +29.1% against 2018 indices. Travelling wool rug consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Travelling Wool Rug Production in the Dominican Republic

In value terms, travelling wool rug production amounted to $X in 2022 estimated in export price. Overall, production posted a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 56%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Travelling Wool Rug Exports

Exports from the Dominican Republic

After four years of growth, overseas shipments of blankets and travelling rugs of wool decreased by -14% to X units in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 128%. The exports peaked at X units in 2021, and then contracted in the following year.

In value terms, travelling wool rug exports fell sharply to $X in 2022. Overall, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by 144%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for travelling wool rug exports from the Dominican Republic, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +24.6%.

In value terms, the United States ($X) also remains the key foreign market for blankets and travelling rugs of wool exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +15.4%.

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, shrinking by -10.9% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 34% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to -0.3% per year.

Travelling Wool Rug Imports

Imports into the Dominican Republic

Travelling wool rug imports into the Dominican Republic skyrocketed to X units in 2022, picking up by 145% on 2021 figures. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 325%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, travelling wool rug imports surged to $X in 2022. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), India (X units) and the UK (X units) were the main suppliers of travelling wool rug imports to the Dominican Republic, together accounting for 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +57.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of wool to the Dominican Republic, comprising 59% of total imports. The second position in the ranking was held by India ($X), with a 24% share of total imports. It was followed by Italy, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +49.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+30.5% per year) and Italy (+25.3% per year).

Import Prices by Country

In 2022, the average travelling wool rug import price amounted to $X per unit, growing by 45% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for blankets and travelling rugs of wool in the world?

The country with the largest volume of travelling wool rug consumption was China, accounting for 14% of total volume. Moreover, travelling wool rug consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was held by India, with a 6.1% share.

What are the largest producers of blankets and travelling rugs of wool in the world?

The country with the largest volume of travelling wool rug production was China, accounting for 18% of total volume. Moreover, travelling wool rug production in China exceeded the figures recorded by the second-largest producer, India, threefold. Russia ranked third in terms of total production with a 6% share.

What are the leading suppliers of blankets and travelling rugs of wool to the Dominican Republic?

In value terms, China constituted the largest supplier of blankets and travelling rugs of wool to the Dominican Republic, comprising 59% of total imports. The second position in the ranking was taken by India, with a 24% share of total imports. It was followed by Italy, with a 7.9% share.

What are the leading importers of blankets and travelling rugs of wool from the Dominican Republic?

In value terms, the United States remains the key foreign market for blankets and travelling rugs of wool exports from the Dominican Republic.

What is the average export price for blankets and travelling rugs of wool in the Dominican Republic?

The average travelling wool rug export price stood at $13 per unit in 2022, which is down by -10.9% against the previous year.

What is the average import price for blankets and travelling rugs of wool in the Dominican Republic?

The average travelling wool rug import price stood at $16 per unit in 2022, with an increase of 45% against the previous year.

This report provides an in-depth analysis of the travelling wool rug market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13921130 - Blankets and travelling rugs of wool or fine animal hair (excluding electric blankets)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023