Dominican Republic: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in the Dominican Republic

The Dominican leather sports gloves market soared to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated prominent growth 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Leather Sports Gloves Production in the Dominican Republic

In value terms, leather sports gloves production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with a decrease of X% against the previous year. Leather sports gloves production peaked in 2022 and is expected to retain growth in the near future.

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Leather Sports Gloves Exports

Exports from the Dominican Republic

In 2022, overseas shipments of leather sports gloves, mittens and mitts increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports showed a significant expansion. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, leather sports gloves exports soared to $X in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for leather sports gloves exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, leather sports gloves exports to the United States exceeded the volume sent to the second major destination, Nicaragua (X units), threefold.

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

In value terms, Nicaragua ($X) emerged as the key foreign market for leather sports gloves, mittens and mitts exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Nicaragua was relatively modest.

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per unit), while the average price for exports to the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Dominica (X.4%), while the prices for the other major destinations experienced a decline.

Leather Sports Gloves Imports

Imports into the Dominican Republic

In 2022, approx. X units of leather sports gloves, mittens and mitts were imported into the Dominican Republic; growing by X% compared with the year before. Overall, imports posted a strong increase. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, leather sports gloves imports soared to $X in 2022. Over the period under review, total imports indicated a buoyant expansion 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. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 to 2022, 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: Pakistan (X% per year) and the United States (X% per year).

In value terms, China ($X), the United States ($X) and Thailand ($X) were the largest leather sports gloves suppliers to the Dominican Republic, with a combined X% share of total imports.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average leather sports gloves import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Thailand ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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