Price for Clothing; Parts, Knitted or Crocheted in the Dominican Republic - 2023
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in the Dominican Republic (CIF) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in the Dominican Republic (FOB) - 2022
- Imports of Clothing; Parts, Knitted or Crocheted in the Dominican Republic
- Exports of Clothing; Parts, Knitted or Crocheted in the Dominican Republic
Price for Clothing; Parts, Knitted or Crocheted in the Dominican Republic (CIF) - 2022
In 2022, the average import price for clothing; parts, knitted or crocheted amounted to $14,831 per ton, jumping by 112% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. Over the period under review, average import prices attained the maximum at $34,509 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($20,004 per ton), while the price for South Korea ($6,333 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-3.7%), while the prices for the other major suppliers experienced a decline.
Price for Clothing; Parts, Knitted or Crocheted in the Dominican Republic (FOB) - 2022
The average export price for clothing; parts, knitted or crocheted stood at $7,729 per ton in 2022, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. Over the period under review, the average export prices attained the peak figure at $9,652 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($7,715 per ton), while the average price for exports to the United States amounted to $6,667 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+1.3%), while the prices for the other major destinations experienced a decline.
Imports of Clothing; Parts, Knitted or Crocheted in the Dominican Republic
In 2022, the amount of clothing; parts, knitted or crocheted imported into the Dominican Republic shrank dramatically to 201 tons, dropping by -44% compared with 2021. Over the period under review, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 when imports increased by 338%. As a result, imports reached the peak of 359 tons, and then reduced rapidly in the following year.
In value terms, clothing; parts, knitted or crocheted imports soared to $3M in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 122% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Clothing; Parts, Knitted or Crocheted in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 418 | 607 | 1,576 | 2,291 | 76.3% |
| China | 430 | 274 | 486 | 300 | -11.3% |
| South Korea | 74.9 | 90.9 | 183 | 158 | 28.3% |
| Germany | 62.5 | 39.9 | 39.9 | 132 | 28.3% |
| Haiti | N/A | N/A | 183 | N/A | 0% |
| Others | 241 | 116 | 37.1 | 99.7 | -25.5% |
| Total | 1,226 | 1,127 | 2,505 | 2,981 | 34.5% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to the Dominican Republic in 2022:
- United States (149.1 tons)
- South Korea (24.9 tons)
- China (15.0 tons)
- Germany (8.6 tons)
Exports of Clothing; Parts, Knitted or Crocheted in the Dominican Republic
After three years of growth, overseas shipments of clothing; parts, knitted or crocheted decreased by -35% to 163 tons in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 803%.
In value terms, clothing; parts, knitted or crocheted exports contracted significantly to $1.3M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 815%.
| Export of Clothing; Parts, Knitted or Crocheted in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 72.4 | 698 | 1,688 | 1,261 | 159.2% |
| Others | 13.7 | 89.8 | 68.4 | 2.9 | -40.4% |
| Total | 86.1 | 788 | 1,757 | 1,264 | 144.9% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from the Dominican Republic in 2022:
- Haiti (163.4 tons)
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