Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the Dominican Republic - 2023

Contents:

1. Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the Dominican Republic (FOB) - 2022
2. Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the Dominican Republic (CIF) - 2022
3. Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in the Dominican Republic
4. Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in the Dominican Republic

Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the Dominican Republic (FOB) - 2022

In 2022, the average export price for wadding; other articles thereof, of man-made fibreses amounted to $1,733 per ton, reducing by -27.1% against the previous year. Overall, the export price, however, saw a prominent expansion. The growth pace was the most rapid in 2017 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices hit record highs at $2,376 per ton in 2021, and then declined dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,285 per ton), while the average price for exports to Barbados ($984 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Wadding; Other Articles Thereof, of Man-Made Fibres in the Dominican Republic (CIF) - 2022

The average import price for wadding; other articles thereof, of man-made fibreses stood at $12,001 per ton in 2022, increasing by 44% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2019 an increase of 51%. Over the period under review, average import prices reached the maximum at $13,199 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($14,899 per ton), while the price for China ($6,045 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in the Dominican Republic

In 2022, the amount of wadding; other articles thereof, of man-made fibreses exported from the Dominican Republic surged to 347 tons, rising by 89% compared with 2021. Over the period under review, exports showed a noticeable increase.

In value terms, exports of wadding; other articles thereof, of man-made fibreses soared to $602K in 2022. In general, exports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 71%. As a result, the exports reached the peak of $934K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from the Dominican Republic in 2022:

1. United States (143.9 tons)
2. Jamaica (94.2 tons)
3. Trinidad and Tobago (23.9 tons)
4. Antigua and Barbuda (18.2 tons)
5. Haiti (14.1 tons)
6. Barbados (11.8 tons)
7. Panama (11.0 tons)
8. Curacao (8.3 tons)

Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in the Dominican Republic

In 2022, supplies from abroad of wadding; other articles thereof, of man-made fibreses decreased by -76.5% to 40 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 41%. As a result, imports attained the peak of 238 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of wadding; other articles thereof, of man-made fibreses reduced remarkably to $476K in 2022. Overall, imports saw a sharp contraction. The pace of growth was the most pronounced in 2020 with an increase of 26%. As a result, imports reached the peak of $2.7M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to the Dominican Republic in 2022:

1. United States (22.3 tons)
2. Spain (14.7 tons)
3. China (2.4 tons)

Source: IndexBox Market Intelligence Platform