Dominican Republic: Market for Woven Pile Fabrics And Chenille Fabrics 2022

Market Size for Woven Pile Fabrics And Chenille Fabrics in the Dominican Republic

In 2021, the Dominican pile and chenille fabric market decreased by -X% to $X, falling for the seventh consecutive year after three years of growth. Overall, consumption, however, continues to indicate moderate growth. Pile and chenille fabric consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from the Dominican Republic

In 2021, the amount of woven pile fabrics and chenille fabrics exported from the Dominican Republic surged to X tons, increasing by X% against the previous year. In general, exports recorded a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, pile and chenille fabric exports soared to $X in 2021. Over the period under review, exports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Jamaica (X tons) was the main destination for pile and chenille fabric exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, pile and chenille fabric exports to Jamaica exceeded the volume sent to the second major destination, Barbados (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Jamaica was relatively modest.

In value terms, Jamaica ($X) remains the key foreign market for pile and chenille fabric exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Barbados ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Jamaica stood at -X%.

Export Prices by Country

The average pile and chenille fabric export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The growth pace was the most rapid 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 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Barbados ($X per ton), while the average price for exports to Jamaica amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Barbados (X%).

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into the Dominican Republic

In 2021, after two years of growth, there was decline in overseas purchases of woven pile fabrics and chenille fabrics, when their volume decreased by -X% to X tons. Over the period under review, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, pile and chenille fabric imports plummeted to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest pile and chenille fabric supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, pile and chenille fabric imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and the United States (+X% per year).

In value terms, China ($X) constituted the largest supplier of pile and chenille fabric to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports.

From 2012 to 2021, 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: Spain (+X% per year) and the United States (+X% per year).

Import Prices by Country

The average pile and chenille fabric import price stood at $X per ton in 2021, falling by -X% against the previous year. In general, the import price showed a deep downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Market Intelligence Platform

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