Dominican Republic - T-Shirts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingT-Shirt Price in the Dominican Republic - 2023
Contents:
- T-Shirt Price in the Dominican Republic (FOB) - 2023
- T-Shirt Price in the Dominican Republic (CIF) - 2023
- T-Shirt Exports in the Dominican Republic
- T-Shirt Imports in the Dominican Republic
T-Shirt Price in the Dominican Republic (FOB) - 2023
In March 2023, the average t-shirt export price amounted to $1.5 per unit, increasing by 22% against the previous month. In general, export price indicated a perceptible increase from March 2022 to March 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, t-shirt export price increased by +43.8% against January 2023 indices. The pace of growth appeared the most rapid in September 2022 an increase of 27% month-to-month. Over the period under review, the average export prices hit record highs in March 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1.8 per unit), while the average price for exports to Haiti ($943 per thousand units) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
T-Shirt Price in the Dominican Republic (CIF) - 2023
In March 2023, the average t-shirt import price amounted to $3.2 per unit, declining by -56% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 76% month-to-month. As a result, import price attained the peak level of $7.3 per unit, and then declined dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was India ($27.1 per unit), while the price for Haiti ($655 per thousand units) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by India (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
T-Shirt Exports in the Dominican Republic
In 2022, after three years of growth, there was significant decline in overseas shipments of t-shirts, when their volume decreased by -43.9% to 219M units. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 715%. As a result, the exports attained the peak of 389M units, and then reduced markedly in the following year.
In value terms, t-shirt exports fell notably to $288M in 2022. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 362%. Over the period under review, the exports hit record highs at $341M in 2021, and then reduced rapidly in the following year.
Export of T-Shirt in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 39.7 | 151 | 218 | 189 | 68.2% |
Haiti | 9.1 | 75.2 | 104 | 66.8 | 94.3% |
Nicaragua | 1.5 | 5.6 | 14.6 | 27.6 | 164.0% |
Others | 0.7 | 4.1 | 4.7 | 4.6 | 87.3% |
Total | 51.0 | 236 | 341 | 288 | 78.1% |
Top Export Markets for T-Shirt from the Dominican Republic in 2022:
- United States (127.0M units)
- Haiti (58.3M units)
- Nicaragua (30.8M units)
T-Shirt Imports in the Dominican Republic
After two years of decline, overseas purchases of t-shirts increased by 47% to 4.6M units in 2022. In general, imports, however, saw a deep slump. Imports peaked at 7M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, t-shirt imports surged to $13M in 2022. Overall, imports, however, continue to indicate a deep downturn. Over the period under review, imports hit record highs at $19M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of T-Shirt in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.2 | 4.6 | 4.4 | 6.6 | 2.1% |
Spain | 2.0 | 1.1 | 0.6 | 1.5 | -9.1% |
United States | 2.6 | 5.9 | 0.9 | 0.9 | -29.8% |
India | 1.7 | 1.5 | 0.3 | 0.3 | -43.9% |
Panama | 1.5 | 0.9 | N/A | N/A | -40.0% |
Others | 5.5 | 2.9 | 2.1 | 3.4 | -14.8% |
Total | 19.5 | 17.0 | 8.4 | 12.7 | -13.3% |
Top Suppliers of T-Shirt to the Dominican Republic in 2022:
- China (3030.3K units)
- United States (518.5K units)
- Spain (295.3K units)
- India (131.2K units)
- Panama (11.0K units)
This report provides an in-depth analysis of the t-shirt market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 14143000 - T-shirts, singlets and vests, knitted or crocheted
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the t-shirt market in the Dominican Republic.
This report provides an in-depth analysis of the global t-shirt market.
This report provides an in-depth analysis of the t-shirt market in the Dominican Republic.
This report provides an in-depth analysis of the global t-shirt market.
Explore the top import markets for t-shirts around the world, including the United States, Germany, France, and more. Gain valuable insights into consumer preferences and market trends in the global fashion industry.
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