Dominican Republic - Footwear - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFootwear Price in the Dominican Republic - 2023
Contents:
- Footwear Price in the Dominican Republic (FOB) - 2022
- Footwear Price in the Dominican Republic (CIF) - 2022
- Footwear Exports in the Dominican Republic
- Footwear Imports in the Dominican Republic
Footwear Price in the Dominican Republic (FOB) - 2022
In 2022, the average footwear export price amounted to $21 per pair, shrinking by -8.4% against the previous year. In general, the export price saw a perceptible curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 18%. As a result, the export price attained the peak level of $34 per pair. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($24 per pair), while the average price for exports to Portugal ($5 per pair) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+0.6%), while the prices for the other major destinations experienced a decline.
Footwear Price in the Dominican Republic (CIF) - 2022
In 2022, the average footwear import price amounted to $11 per pair, growing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2021 an increase of 28%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
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 Vietnam ($15 per pair), while the price for China ($9.8 per pair) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Footwear Exports in the Dominican Republic
In 2022, the amount of footwear exported from the Dominican Republic dropped to 8M pairs, falling by -12.8% on the previous year. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 3.5% against the previous year. The exports peaked at 13M pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, footwear exports fell sharply to $173M in 2022. In general, exports saw a dramatic decrease. The smallest decline of -15.9% was in 2021. The exports peaked at $395M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Footwear in the Dominican Republic (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 269 | 164 | 188 | 145 | -18.6% |
Netherlands | 49.1 | 36.6 | 4.6 | 3.9 | -57.0% |
United Kingdom | 1.7 | 1.1 | 1.3 | 2.8 | 18.1% |
Haiti | 1.9 | 1.5 | 1.2 | 1.3 | -11.9% |
Ireland | 1.2 | 0.8 | 0.5 | 1.0 | -5.9% |
Portugal | 0.9 | 0.5 | 0.5 | 0.9 | 0.0% |
Others | 71.2 | 53.1 | 20.4 | 18.3 | -36.4% |
Total | 395 | 257 | 216 | 173 | -24.1% |
Top Export Markets for Footwear from the Dominican Republic in 2022:
- United States (6.1M pairs)
- Netherlands (0.2M pairs)
- Portugal (0.2M pairs)
- United Kingdom (0.2M pairs)
- Haiti (0.2M pairs)
- Ireland (0.1M pairs)
Footwear Imports in the Dominican Republic
In 2022, footwear imports into the Dominican Republic was estimated at 7.2M pairs, approximately mirroring the previous year's figure. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 12%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, footwear imports rose remarkably to $79M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Footwear in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 35.5 | 36.1 | 51.5 | 60.8 | 19.6% |
Brazil | 4.8 | 1.9 | 3.2 | 4.7 | -0.7% |
Vietnam | 7.0 | 3.8 | 4.6 | 2.4 | -30.0% |
Hong Kong SAR | 1.4 | 0.9 | 0.2 | N/A | -62.2% |
Others | 8.9 | 6.3 | 10.3 | 11.5 | 8.9% |
Total | 57.6 | 48.9 | 69.8 | 79.4 | 11.3% |
Top Suppliers of Footwear to the Dominican Republic in 2022:
- China (6.2M pairs)
- Brazil (0.5M pairs)
- Vietnam (0.2M pairs)
This report provides an in-depth analysis of the footwear market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 15201444 - Slippers and other indoor footwear (including dancing and bedroom slippers, mules) with uppers of textile materials
- Prodcom 15201445 - Footwear with rubber, plastic or leather outer soles and textile uppers (excluding slippers and other indoor footwear, sports footwear)
- Prodcom 15201446 - Footwear with textile uppers (excluding slippers and other indoor footwear as well as footwear with outer soles of rubber, plastics, leather or composition leather)
- Prodcom 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
- Prodcom 15201351 - Men
- Prodcom 15201352 - Women
- Prodcom 15201353 - Children
- Prodcom 15201361 - Men
- Prodcom 15201362 - Women
- Prodcom 15201363 - Children
- Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
- Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)
- Prodcom 15201210 - Sandals with rubber or plastic outer soles and uppers (including thong-type sandals, flip flops)
- Prodcom 15201231 - Town footwear with rubber or plastic uppers
- Prodcom 15201237 - Slippers and other indoor footwear with rubber or plastic outer soles and plastic uppers (including bedroom and dancing slippers, mules)
- Prodcom 15201100 - Waterproof footwear, with uppers in rubber or plastics (excluding incorporating a protective metal toecap)
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the footwear market in the Dominican Republic.
This report provides an in-depth analysis of the waterproof footwear market in the Dominican Republic.
This report provides an in-depth analysis of the global footwear market.
This report provides an in-depth analysis of the global waterproof footwear market.
This report provides an in-depth analysis of the footwear market in the Dominican Republic.
This report provides an in-depth analysis of the waterproof footwear market in the Dominican Republic.
This report provides an in-depth analysis of the global footwear market.
This report provides an in-depth analysis of the global waterproof footwear market.
The global footwear market has experienced significant growth in recent years, driven by increasing disposable incomes, changing fashion trends, and growing consumer awareness about health and fitness. In this article, we will explore the top import markets for footwear, providing key statistics and highlighting the import values of these countries in 2022.
In value terms, footwear imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noticeab...
In value terms, footwear and parts of footwear imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend patte...
In value terms, footwear exports stood at $X in 2016. In general, footwear exports continue to indicate a relatively flat trend pattern. Over the period under review, global footwear exports attain...
In value terms, footwear and parts of footwear exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some no...
In 2016, the amount of rubber, plastic or leather Footwear imported worldwide amounted to X tons, shrinking by -X% against the previous year level. In general, rubber, plastic or leather Footwear...
In 2016, approx. X tons of footwear with textile uppers were imported worldwide- increasing by X% against the previous year figure. The total import volume increased at an average annual rate of ...
In 2016, the amount of waterproof footwear imported worldwide totaled X tons, remaining constant against the previous year level. The total import volume increased at an average annual rate of +X>
In 2016, the amount of rubber or plastic footwear imported worldwide stood at X tons, lowering by -X% against the previous year figure. In general, rubber or plastic footwear imports continue t...
In 2016, the amount of rubber, plastic or leather Footwear imported worldwide amounted to X tons, shrinking by -X% against the previous year level. In general, rubber, plastic or leather Footwear...