Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Dominican Republic - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Dominican Republic (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Dominican Republic (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Dominican Republic
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Dominican Republic
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Dominican Republic (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $188 per unit in 2022, surging by 4.9% against the previous year. Overall, the import price recorded a modest increase. The growth pace was the most rapid in 2015 an increase of 31% against the previous year. Over the period under review, average import prices attained the maximum at $452 per unit in 2016; however, from 2017 to 2022, 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 Spain ($449 per unit), while the price for Sweden ($21 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Dominican Republic (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $159 per unit, surging by 78% against the previous year. Over the period under review, the export price saw a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($520 per unit), while the average price for exports to Turks and Caicos Islands ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Dominican Republic
In 2022, the amount of furniture; wooden, other than for office, kitchen or bedroom use imported into the Dominican Republic dropped to 121K units, which is down by -11.5% on 2021 figures. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. Imports peaked at 208K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use dropped to $23M in 2022. In general, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. Imports peaked at $26M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.8 | 3.6 | 8.9 | 6.5 | -9.6% |
| Spain | 6.5 | 2.6 | 5.8 | 4.8 | -9.6% |
| Brazil | 1.2 | 1.0 | 2.6 | 2.6 | 29.4% |
| Italy | 1.3 | 1.2 | 1.1 | 1.7 | 9.4% |
| United States | 2.8 | 1.9 | 0.8 | 1.2 | -24.6% |
| Colombia | 0.3 | 0.1 | 0.4 | 0.8 | 38.7% |
| Portugal | 0.6 | 0.6 | 1.0 | 0.7 | 5.3% |
| Poland | 0.7 | 0.4 | 0.7 | 0.6 | -5.0% |
| India | 0.1 | 0.2 | 0.5 | 0.6 | 81.7% |
| Malaysia | 0.3 | 0.4 | 0.2 | 0.5 | 18.6% |
| Vietnam | 0.7 | 0.5 | 0.3 | 0.5 | -10.6% |
| Indonesia | 0.5 | 0.1 | 0.5 | 0.4 | -7.2% |
| Sweden | 0.7 | 0.1 | 0.1 | 0.1 | -47.7% |
| Others | 1.8 | 1.1 | 1.6 | 1.8 | 0.0% |
| Total | 26.3 | 13.8 | 24.4 | 22.6 | -4.9% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to the Dominican Republic in 2022:
- China (30.0K units)
- Poland (24.1K units)
- Spain (10.8K units)
- Portugal (9.0K units)
- Colombia (7.2K units)
- Italy (7.1K units)
- Brazil (6.2K units)
- Sweden (3.8K units)
- United States (3.0K units)
- Vietnam (2.7K units)
- Indonesia (2.2K units)
- India (1.9K units)
- Malaysia (1.9K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Dominican Republic
In 2022, exports of furniture; wooden, other than for office, kitchen or bedroom use from the Dominican Republic dropped notably to 6.6K units, which is down by -69% compared with 2021 figures. Overall, exports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 56%. The exports peaked at 96K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use contracted markedly to $1.1M in 2022. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 154%. Over the period under review, the exports of attained the peak figure at $6M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jamaica | 1,067 | 242 | 736 | 431 | -26.1% |
| United States | 445 | 287 | 1,067 | 371 | -5.9% |
| Aruba | 79.6 | 9.6 | 2.7 | 111 | 11.7% |
| Bahamas | 39.7 | N/A | 7.8 | 19.6 | -21.0% |
| Haiti | 3,443 | 124 | 14.4 | 16.8 | -83.0% |
| Spain | 14.7 | 36.0 | 24.0 | 14.4 | -0.7% |
| Cuba | 211 | 2.4 | 4.2 | 6.6 | -68.5% |
| Turks and Caicos Islands | 2.6 | 2.0 | 6.1 | 3.8 | 13.5% |
| Others | 685 | 49.3 | 54.0 | 79.2 | -51.3% |
| Total | 5,989 | 753 | 1,916 | 1,054 | -44.0% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from the Dominican Republic in 2022:
- United States (3235.0 units)
- Spain (916.0 units)
- Jamaica (829.0 units)
- Bahamas (459.0 units)
- Aruba (355.0 units)
- Turks and Caicos Islands (287.0 units)
- Haiti (215.0 units)
- Cuba (59.0 units)
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