Dominican Republic: Festive Articles Market 2024

Festive Articles Market Size in the Dominican Republic

The Dominican festive articles market totaled $X in 2022, picking up by X% 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). In general, consumption continues to indicate a strong increase. Festive articles consumption peaked in 2022 and is likely to continue growth in the near future.

Festive Articles Exports

Exports from the Dominican Republic

In 2022, shipments abroad of festive or carnival articles increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, festive articles exports soared to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Haiti (X tons) was the main destination for festive articles exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, festive articles exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Haiti amounted to 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 festive articles exported from the Dominican Republic worldwide, with a combined X% share of total exports.

Among the main countries of destination, Haiti, with a CAGR of X%, recorded the highest growth rate of 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 festive articles export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Haiti ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Festive Articles Imports

Imports into the Dominican Republic

In 2022, the amount of festive or carnival articles imported into the Dominican Republic skyrocketed to X tons, increasing by X% compared with 2021. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, festive articles imports skyrocketed to $X in 2022. Over the period under review, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. 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, China (X tons) constituted the largest festive articles supplier to the Dominican Republic, with a X% share of total imports. Moreover, festive articles imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

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

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

From 2012 to 2022, 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 Panama (X% per year).

Import Prices by Country

The average festive articles import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 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 Panama ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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