Dominican Republic: Technical Textiles Market 2024

Technical Textiles Market Size in the Dominican Republic

The Dominican technical textiles market rose remarkably to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Technical Textiles Production in the Dominican Republic

In value terms, technical textiles production rose remarkably to $X in 2023 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Technical Textiles Exports

Exports from the Dominican Republic

In 2023, overseas shipments of textile products and articles for technical uses decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, technical textiles exports fell to $X in 2023. Over the period under review, exports, however, enjoyed mild growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X tons) and Haiti (X tons) were the main destinations of technical textiles exports from the Dominican Republic.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, Haiti ($X) and the United States ($X) were the largest markets for technical textiles exported from the Dominican Republic worldwide.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average technical textiles export price stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price saw a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Technical Textiles Imports

Imports into the Dominican Republic

In 2023, after two years of decline, there was growth in overseas purchases of textile products and articles for technical uses, when their volume increased by X% to X tons. Overall, imports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, technical textiles imports declined to $X in 2023. In general, imports, however, recorded a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

The United States (X tons), Brazil (X tons) and China (X tons) were the main suppliers of technical textiles imports to the Dominican Republic, together accounting for X% of total imports. Spain, Italy and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest technical textiles suppliers to the Dominican Republic were the United States ($X), Brazil ($X) and China ($X), with a combined X% share of total imports. Spain, Germany and Italy lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average technical textiles import price stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then shrank in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Honduras (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform