Dominican Republic: Textile Wadding Market 2024

Textile Wadding Market Size in the Dominican Republic

In 2022, after two years of growth, there was significant decline in the Dominican textile wadding market, when its value decreased by X% to $X. In general, consumption, however, recorded a relatively flat trend pattern. Textile wadding consumption peaked at $X in 2021, and then declined rapidly in the following year.

Textile Wadding Production in the Dominican Republic

In value terms, textile wadding production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Textile Wadding Exports

Exports from the Dominican Republic

Textile wadding exports from the Dominican Republic skyrocketed to X tons in 2022, growing by X% on 2021. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, textile wadding exports soared to $X in 2022. Over the period under review, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for textile wadding exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, textile wadding exports to the United States exceeded the volume sent to the second major destination, Jamaica (X tons), fourfold. Trinidad and Tobago (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Trinidad and Tobago (X% per year).

In value terms, the United States ($X) remains the key foreign market for wadding of textile materials and articles thereof exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Jamaica ($X), with an X% share of total exports. It was followed by Antigua and Barbuda, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Antigua and Barbuda (X% per year).

Export Prices by Country

In 2022, the average textile wadding export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Barbados ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Barbados (X%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wadding Imports

Imports into the Dominican Republic

After four years of growth, supplies from abroad of wadding of textile materials and articles thereof decreased by X% to X tons in 2022. Over the period under review, imports saw a noticeable setback. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell rapidly in the following year.

In value terms, textile wadding imports contracted significantly to $X in 2022. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at $X in 2021, and then declined dramatically in the following year.

Imports by Country

The United States (X tons), China (X tons) and Brazil (X tons) were the main suppliers of textile wadding imports to the Dominican Republic, with a combined X% share of total imports. Mexico and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, 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 United States ($X), Brazil ($X) and Spain ($X) were the largest textile wadding suppliers to the Dominican Republic, with a combined X% share of total imports.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average textile wadding import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price showed a slight setback. The pace of growth was the most pronounced in 2014 an increase of X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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