Dominican Republic: Leather Apparel Market 2024

Leather Apparel Market Size in the Dominican Republic

The Dominican leather apparel market totaled $X in 2022, leveling off at the previous year. In general, consumption, however, recorded a pronounced downturn. Leather apparel consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Leather Apparel Production in the Dominican Republic

In value terms, leather apparel production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Leather apparel production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Leather Apparel Exports

Exports from the Dominican Republic

In 2022, shipments abroad of apparel of leather or of composition leather decreased by X% to X units, falling for the third year in a row after two years of growth. In general, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, leather apparel exports plummeted to $X in 2022. Overall, exports, however, continue to indicate measured growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for leather apparel exports from the Dominican Republic, with a X% share of total exports. It was followed by Haiti (X units), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for apparel of leather or of composition leather exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Haiti ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%.

Export Prices by Country

The average leather apparel export price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Haiti stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (X%).

Leather Apparel Imports

Imports into the Dominican Republic

In 2022, purchases abroad of apparel of leather or of composition leather increased by X% to X units, rising for the second consecutive year after five years of decline. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, leather apparel imports soared to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of leather apparel to the Dominican Republic, accounting for a X% share of total imports. Moreover, leather apparel imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was taken by Colombia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume 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 Colombia (X% per year).

In value terms, the largest leather apparel suppliers to the Dominican Republic were China ($X), the United States ($X) and India ($X), together accounting for X% of total imports. Colombia, Pakistan and Mexico lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Colombia, 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 leather apparel import price amounted to $X per unit, declining by X% against the previous year. In general, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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