Dominican Republic: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in the Dominican Republic

In 2022, the Dominican man-made filament yarn market decreased by X% to $X, falling for the third consecutive year after eight years of growth. In general, consumption, however, showed a significant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Man-Made Filament Yarn Exports

Exports from the Dominican Republic

Man-made filament yarn exports from the Dominican Republic soared to X tons in 2022, rising by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, man-made filament yarn exports surged to $X in 2022. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Vietnam (X tons) and Haiti (X tons) were the main destinations of man-made filament yarn exports from the Dominican Republic, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Haiti (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Vietnam ($X) emerged as the key foreign market for man-made filament yarn exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam 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 Thailand (X% per year).

Export Prices by Country

The average man-made filament yarn export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price posted a significant increase. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

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Man-Made Filament Yarn Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of man-made filament yarn decreased by X% to X tons, falling for the third consecutive year after eight years of growth. In general, imports, however, showed a significant 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, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, man-made filament yarn imports declined to $X in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Pakistan (X tons) constituted the largest supplier of man-made filament yarn to the Dominican Republic, accounting for a X% share of total imports. Moreover, man-made filament yarn imports from Pakistan exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold. The third position in this ranking was held by Honduras (X tons), with an X% share.

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

In value terms, Pakistan ($X) constituted the largest supplier of man-made filament yarn to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average man-made filament yarn import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Honduras ($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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