Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in the Dominican Republic - 2023

Contents:

1. Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in the Dominican Republic (CIF) - 2022
2. Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in the Dominican Republic (FOB) - 2022
3. Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in the Dominican Republic
4. Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in the Dominican Republic

Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in the Dominican Republic (CIF) - 2022

In 2022, the average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $22 per pair, with an increase of 18% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber increased by +76.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady 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 Malaysia ($41 per pair), while the price for Guatemala ($6.6 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in the Dominican Republic (FOB) - 2022

In 2022, the average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $4.7 per pair, with a decrease of -68.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 87%. The export price peaked at $20 per pair in 2015; however, from 2016 to 2022, the 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 United States ($12 per pair), while the average price for exports to Haiti stood at $3.5 per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.6%).

Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in the Dominican Republic

In 2022, the amount of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber imported into the Dominican Republic skyrocketed to 69K pairs, increasing by 29% against 2021. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber skyrocketed to $1.5M in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber to the Dominican Republic in 2022:

1. China (44.3K pairs)
2. United States (7.9K pairs)
3. Sri Lanka (6.7K pairs)
4. South Korea (4.1K pairs)
5. Mexico (1.9K pairs)
6. Spain (1.4K pairs)
7. Guatemala (1.0K pairs)

Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in the Dominican Republic

In 2022, after three years of growth, there was significant decline in shipments abroad of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber, when their volume decreased by -34.3% to 249 pairs. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 198%. Over the period under review, the exports of reached the maximum at 379 pairs in 2021, and then reduced rapidly in the following year.

In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber fell dramatically to $1.2K in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 184%. Over the period under review, the exports of reached the maximum at $5.6K in 2021, and then fell remarkably in the following year.

Top Export Markets for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber from the Dominican Republic in 2022:

1. Haiti (77.0 pairs)
2. United States (58.0 pairs)

Source: IndexBox Market Intelligence Platform