Dominican Republic: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in the Dominican Republic

In 2023, the Dominican metal domestic furniture market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a strong increase. Metal domestic furniture consumption peaked at $X in 2022, and then contracted significantly in the following year.

Metal Domestic Furniture Exports

Exports from the Dominican Republic

In 2023, approx. X tons of metal furniture were exported from the Dominican Republic; picking up by X% on 2022. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked in 2023 and are likely to see gradual growth in the near future.

In value terms, metal domestic furniture exports soared to $X in 2023. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons) was the main destination for metal domestic furniture exports from the Dominican Republic, with a X% share of total exports. Moreover, metal domestic furniture exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), fourfold. Haiti (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Haiti (X% per year).

In value terms, the United States ($X) remains the key foreign market for metal furniture exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Haiti ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and Panama (X% per year).

Export Prices by Country

In 2023, the average metal domestic furniture export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, showed a perceptible descent. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Metal Domestic Furniture Imports

Imports into the Dominican Republic

In 2023, supplies from abroad of metal furniture decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then dropped dramatically in the following year.

In value terms, metal domestic furniture imports declined sharply to $X in 2023. Overall, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2022, and then reduced rapidly in the following year.

Imports by Country

China (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of metal domestic furniture imports to the Dominican Republic, together accounting for X% of total imports. Poland, Germany, Italy, Vietnam, Brazil, India, Lithuania, Mexico, the Czech Republic and Argentina lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of metal furniture to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2023, the average annual growth rate of value 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 Spain (X% per year).

Import Prices by Country

In 2023, the average metal domestic furniture import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal domestic furniture import price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, 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