Price for Gloves, Mittens and Mitts; Knitted or Crocheted in the Dominican Republic - 2023
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in the Dominican Republic (CIF) - 2022
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in the Dominican Republic (FOB) - 2022
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in the Dominican Republic
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in the Dominican Republic
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in the Dominican Republic (CIF) - 2022
In 2022, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $1.9 per pair, rising by 14% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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, mittens and mitts; knitted or crocheted increased by +104.8% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 36% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($4.2 per pair), while the price for Mexico ($773 per thousand pairs) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in the Dominican Republic (FOB) - 2022
The average export price for gloves, mittens and mitts; knitted or crocheted stood at $800 per thousand pairs in 2022, falling by -35.7% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2016 an increase of 90% against the previous year. Over the period under review, the average export prices attained the peak figure at $2.1 per pair in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1.1 per pair), while the average price for exports to Spain ($55 per thousand pairs) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-2.9%).
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in the Dominican Republic
In 2022, after two years of decline, there was significant growth in purchases abroad of gloves, mittens and mitts; knitted or crocheted, when their volume increased by 22% to 1.1M pairs. In general, imports, however, recorded a pronounced shrinkage. Over the period under review, imports of hit record highs at 1.2M pairs in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted skyrocketed to $2M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.7% 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 +57.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 915 | 860 | 706 | 1,161 | 8.3% |
| United States | 120 | 125 | 344 | 372 | 45.8% |
| Sri Lanka | 87.9 | 80.5 | 147 | 181 | 27.2% |
| South Korea | 78.1 | 75.4 | 84.4 | 83.1 | 2.1% |
| Spain | 13.9 | 6.8 | 14.6 | 43.1 | 45.8% |
| Mexico | 43.3 | 42.7 | 26.9 | 23.7 | -18.2% |
| Guatemala | N/A | 36.3 | 11.1 | 6.4 | -58.0% |
| Others | 118 | 55.7 | 111 | 152 | 8.8% |
| Total | 1,375 | 1,282 | 1,445 | 2,023 | 13.7% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to the Dominican Republic in 2022:
- China (713.9K pairs)
- United States (132.7K pairs)
- Sri Lanka (65.3K pairs)
- South Korea (41.7K pairs)
- Spain (31.1K pairs)
- Mexico (30.7K pairs)
- Guatemala (9.0K pairs)
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in the Dominican Republic
In 2022, the amount of gloves, mittens and mitts; knitted or crocheted exported from the Dominican Republic shrank rapidly to 9.3K pairs, waning by -60.7% on 2021 figures. In general, exports saw a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 203%. The exports peaked at 2.2M pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted contracted remarkably to $7.4K in 2022. Overall, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 182%. Over the period under review, the exports of hit record highs at $3.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,561 | 7.0 | 15.6 | 5.6 | -88.4% |
| Haiti | 3.1 | 3.4 | 12.7 | 1.3 | -25.1% |
| Turks and Caicos Islands | N/A | N/A | N/A | 0.3 | 0% |
| Spain | N/A | N/A | N/A | N/A | 0% |
| Others | 10.0 | N/A | 1.1 | 0.2 | -72.9% |
| Total | 3,574 | 10.4 | 29.4 | 7.4 | -87.3% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from the Dominican Republic in 2022:
- United States (5.0K pairs)
- Turks and Caicos Islands (2.4K pairs)
- Haiti (1.2K pairs)
- Spain (0.3K pairs)
581
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
581
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
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