Dominican Republic: Market for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings 2022

Market Size for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in the Dominican Republic

The Dominican market for braids in the piece, tassels and pompons, ornamental trimmings dropped slightly to $X in 2021, shrinking by -X% against the previous year. Overall, consumption continues to indicate a slight setback. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in the Dominican Republic

In value terms, production of braids in the piece, tassels and pompons, ornamental trimmings contracted significantly to $X in 2021 estimated in export price. Overall, production showed a pronounced downturn. The growth pace was the most rapid in 2020 when the production volume increased by X%. Production of peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Exports from the Dominican Republic

In 2021, overseas shipments of braids in the piece, tassels and pompons, ornamental trimmings decreased by -X% to X kg, falling for the fourth consecutive year after six years of growth. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of braids in the piece, tassels and pompons, ornamental trimmings fell dramatically to $X in 2021. Over the period under review, exports saw a dramatic contraction. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Haiti (X kg) was the main destination for exports of braids in the piece, tassels and pompons, ornamental trimmings from the Dominican Republic, with a X% share of total exports. Moreover, exports of braids in the piece, tassels and pompons, ornamental trimmings to Haiti exceeded the volume sent to the second major destination, Saint Lucia (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Haiti was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Lucia (X% per year) and the United States (-X% per year).

In value terms, Haiti ($X), Saint Lucia ($X) and the United States ($X) appeared to be the largest markets for braids, tassels, pompons and ornamental trimmings exported from the Dominican Republic worldwide.

Haiti, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for braids in the piece, tassels and pompons, ornamental trimmings stood at $X per ton in 2021, rising by X% against the previous year. Overall, the export price, however, showed a noticeable contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Saint Lucia ($X per ton), while the average price for exports to the United States ($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 Haiti (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Imports into the Dominican Republic

In 2021, approx. X tons of braids in the piece, tassels and pompons, ornamental trimmings were imported into the Dominican Republic; jumping by X% against the previous year's figure. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of braids in the piece, tassels and pompons, ornamental trimmings surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of braids, tassels, pompons and ornamental trimmings to the Dominican Republic, with a X% share of total imports. It was followed by Thailand (X tons), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and the United States (-X% per year).

In value terms, China ($X) constituted the largest supplier of braids, tassels, pompons and ornamental trimmings to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

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

Import Prices by Country

In 2021, the average import price for braids in the piece, tassels and pompons, ornamental trimmings amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform

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