Dominican Republic: Toy Market 2024

Toy Market Size in the Dominican Republic

The Dominican toy market reduced to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a prominent expansion. Toy consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Toy Production in the Dominican Republic

In value terms, toy production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Toy production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Toy Exports

Exports from the Dominican Republic

In 2022, approx. X tons of dolls and toys were exported from the Dominican Republic; dropping by X% on the previous year's figure. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, toy exports contracted dramatically to $X in 2022. Overall, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for toy exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, toy exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

In value terms, Haiti ($X), the United States ($X) and France ($X) appeared to be the largest markets for toy exported from the Dominican Republic worldwide, together comprising X% of total exports.

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

Export Prices by Country

In 2022, the average toy export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Toy Imports

Imports into the Dominican Republic

In 2022, after three years of growth, there was significant decline in overseas purchases of dolls and toys, when their volume decreased by X% to X tons. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, toy imports declined significantly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of toy to the Dominican Republic, with a X% share of total imports. Moreover, toy imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Guatemala (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2022, the average toy import price amounted to $X per ton, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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