Dominican Republic: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in the Dominican Republic

The Dominican quilted textile products market reached $X in 2021, increasing by 2.3% against the previous year. In general, consumption saw prominent growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Quilted Textile Products Production in the Dominican Republic

In value terms, quilted textile products production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 122% against the previous year. Quilted textile products production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Quilted Textile Products Exports

Exports from the Dominican Republic

In 2021, overseas shipments of quilted textile products in the piece (excluding embroidery) decreased by -4% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 619% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then fell in the following year.

In value terms, quilted textile products exports expanded rapidly to $X in 2021. Overall, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 579%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Antigua and Barbuda (X tons), Haiti (X tons) and Jamaica (X tons) were the main destinations of quilted textile products exports from the Dominican Republic, together comprising 88% of total exports.

From 2012 to 2021, the biggest increases were recorded for Haiti (with a CAGR of +41.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for quilted textile products exported from the Dominican Republic were Haiti ($X), Jamaica ($X) and Antigua and Barbuda ($X), with a combined 93% share of total exports.

In terms of the main countries of destination, Haiti, with a CAGR of +43.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average quilted textile products export price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the export price showed pronounced growth. The pace of growth was the most pronounced in 2020 an increase of 59%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+15.3%), while the prices for the other major destinations experienced mixed trend patterns.

Quilted Textile Products Imports

Imports into the Dominican Republic

Quilted textile products imports into the Dominican Republic dropped to X tons in 2021, with a decrease of -11.4% on the previous year's figure. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 508%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, quilted textile products imports contracted markedly to $X in 2021. In general, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 423%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main supplier of quilted textile products to the Dominican Republic, with a 91% share of total imports. Moreover, quilted textile products imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +55.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+12.9% per year) and China (-11.5% per year).

In value terms, the United States ($X) constituted the largest supplier of quilted textile products in the piece (excluding embroidery) to the Dominican Republic, comprising 90% of total imports. The second position in the ranking was held by Estonia ($X), with a 2.7% share of total imports. It was followed by China, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +45.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (0.0% per year) and China (-16.8% per year).

Import Prices by Country

The average quilted textile products import price stood at $X per ton in 2021, shrinking by -5.9% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of 45%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Estonia ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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