Dominican Republic: Sheep Leather Market 2024

Sheep Leather Market Size in the Dominican Republic

The Dominican sheep leather market expanded notably to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Sheep Leather Production in the Dominican Republic

In value terms, sheep leather production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Sheep Leather Exports

Exports from the Dominican Republic

Sheep leather exports from the Dominican Republic amounted to X square meters in 2022, remaining stable against 2021 figures. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at X square meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, sheep leather exports reached $X in 2022. In general, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X square meters) was the main destination for sheep leather exports from the Dominican Republic, with a X% share of total exports. It was followed by Spain (X square meters), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%.

In value terms, China ($X) remains the key foreign market for sheep or lamb skin leather exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China stood at X%.

Export Prices by Country

In 2022, the average sheep leather export price amounted to $X per square meter, remaining stable against the previous year. Overall, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per square meter), while the average price for exports to China amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sheep Leather Imports

Imports into the Dominican Republic

After five years of growth, supplies from abroad of sheep or lamb skin leather decreased by X% to X square meters in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X square meters in 2021, and then declined notably in the following year.

In value terms, sheep leather imports contracted markedly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, China (X square meters) constituted the largest sheep leather supplier to the Dominican Republic, with a X% share of total imports. Moreover, sheep leather imports from China exceeded the figures recorded by the second-largest supplier, Italy (X square meters), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) and Italy ($X) appeared to be the largest sheep leather suppliers to the Dominican Republic.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average sheep leather import price stood at $X per square meter in 2022, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2014 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 square meter), while the price for China totaled $X per square meter.

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 mixed trend patterns.

Source: IndexBox Platform

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