Price for Hair; Coarse Animal Hair, Carded or Combed in the Dominican Republic - 2022

Price for Hair; Coarse Animal Hair, Carded or Combed in the Dominican Republic (CIF) - 2022

The average import price for hair; coarse animal hair, carded or combed stood at $208,378 per ton in 2022, growing by 24% against the previous year. Over the period under review, the import price showed a significant increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 68% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +46.4% per year.

Imports of Hair; Coarse Animal Hair, Carded or Combed in the Dominican Republic

In 2022, imports of hair; coarse animal hair, carded or combed into the Dominican Republic contracted modestly to 2.1 tons, waning by -3.5% on the year before. In general, imports recorded a perceptible curtailment. The smallest decline of -3.5% was in 2021.

In value terms, imports of hair; coarse animal hair, carded or combed surged to $434K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 20% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.