Report Update Apr 1, 2024

Dominican Republic - Polishes and Creams for Footwear or Leather - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Footwear Treatments Market 2024

Footwear Treatments Market Size in the Dominican Republic

The Dominican footwear treatments market soared to $X in 2022, increasing 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). Over the period under review, consumption, however, showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Footwear Treatments Exports

Exports from the Dominican Republic

For the fifth consecutive year, the Dominican Republic recorded growth in shipments abroad of polishes and creams for footwear or leather, which increased by X% to X tons in 2022. Over the period under review, exports showed a prominent expansion. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, footwear treatments exports skyrocketed to $X in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons), India (X tons) and Haiti (X tons) were the main destinations of footwear treatments exports from the Dominican Republic, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Haiti (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for polishes and creams for footwear or leather exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by India ($X), with an X% share of total exports.

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

Export Prices by Country

The average footwear treatments export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

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Footwear Treatments Imports

Imports into the Dominican Republic

In 2022, approx. X tons of polishes and creams for footwear or leather were imported into the Dominican Republic; rising by X% on 2021 figures. In general, imports, however, continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear treatments imports surged to $X in 2022. Overall, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Chile (X tons) were the main suppliers of footwear treatments imports to the Dominican Republic, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear treatments suppliers to the Dominican Republic were the United States ($X), Colombia ($X) and China ($X), with a combined X% share of total imports. Mexico, Chile, Guatemala, Spain, Brazil and Italy lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average footwear treatments import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 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 Italy ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polishes and creams for footwear or leather in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, together comprising 44% of global consumption. Italy, Brazil, Pakistan, Indonesia, Nigeria, Russia and Mexico lagged somewhat behind, together accounting for a further 22%.

What are the largest producers of polishes and creams for footwear or leather in the world?

The countries with the highest volumes of production in 2022 were China, the United States and India, with a combined 52% share of global production. Italy, Turkey, Brazil, Indonesia, Pakistan, Mexico and South Africa lagged somewhat behind, together comprising a further 26%.

What are the leading suppliers of polishes and creams for footwear or leather to the Dominican Republic?

In value terms, the largest footwear treatments suppliers to the Dominican Republic were the United States, Colombia and China, together comprising 81% of total imports. Mexico, Chile, Guatemala, Spain, Brazil and Italy lagged somewhat behind, together comprising a further 19%.

What are the leading importers of polishes and creams for footwear or leather from the Dominican Republic?

In value terms, the United States remains the key foreign market for polishes and creams for footwear or leather exports from the Dominican Republic, comprising 76% of total exports. The second position in the ranking was held by India, with an 18% share of total exports.

What is the average export price for polishes and creams for footwear or leather in the Dominican Republic?

In 2022, the average footwear treatments export price amounted to $40,652 per ton, growing by 17% against the previous year.

What is the average import price for polishes and creams for footwear or leather in the Dominican Republic?

The average footwear treatments import price stood at $5,322 per ton in 2022, surging by 7.5% against the previous year.

This report provides an in-depth analysis of the footwear treatments market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20414330 - Polishes, creams and similar preparations, for footwear or leather (excluding artificial and prepared waxes)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023