Dominican Republic: Braces And Garters Market 2024

Braces And Garters Market Size in the Dominican Republic

The Dominican braces and garters market rose slightly to $X in 2022, with an increase of X% against the previous year. In general, consumption enjoyed noticeable growth. Braces and garters consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Braces And Garters Production in the Dominican Republic

In value terms, braces and garters production declined to $X in 2022 estimated in export price. Over the period under review, production, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Braces And Garters Exports

Exports from the Dominican Republic

In 2022, the amount of braces, suspenders and garters exported from the Dominican Republic contracted to X units, which is down by X% compared with the previous year's figure. Overall, exports, however, saw a temperate increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, braces and garters exports skyrocketed to $X in 2022. In general, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for braces and garters exports from the Dominican Republic, with a X% share of total exports. It was followed by Canada (X units), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for braces, suspenders and garters exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

In 2022, the average braces and garters export price amounted to $X per unit, rising by X% against the previous year. In general, the export price enjoyed a mild expansion. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States stood at $X per unit.

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

Braces And Garters Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of braces, suspenders and garters increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, braces and garters imports rose notably to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest braces and garters supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, braces and garters imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

In value terms, the United States ($X) constituted the largest supplier of braces, suspenders and garters to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the average braces and garters import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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