Dominican Republic: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in the Dominican Republic

After three years of growth, the Dominican plaits and basketwork market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Plaits and basketwork consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Plaits And Basketwork Production in the Dominican Republic

In value terms, plaits and basketwork production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Plaits And Basketwork Exports

Exports from the Dominican Republic

In 2022, plaits and basketwork exports from the Dominican Republic contracted remarkably to X tons, declining by X% on the previous year. Over the period under review, exports, however, continue to indicate a notable expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, plaits and basketwork exports amounted to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for plaits and basketwork exports from the Dominican Republic, with a X% share of total exports. It was followed by the Netherlands (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%.

In value terms, the United States ($X) remains the key foreign market for plaits, basketwork, wickerwork and similar products of plaiting materials exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%.

Export Prices by Country

In 2022, the average plaits and basketwork export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price showed strong growth. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced a decline.

Plaits And Basketwork Imports

Imports into the Dominican Republic

In 2022, approx. X tons of plaits, basketwork, wickerwork and similar products of plaiting materials were imported into the Dominican Republic; shrinking by X% compared with the year before. Overall, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, plaits and basketwork imports soared to $X in 2022. In general, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Vietnam (X tons) and Sri Lanka (X tons) were the main suppliers of plaits and basketwork imports to the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of plaits, basketwork, wickerwork and similar products of plaiting materials to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The average plaits and basketwork import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price saw strong growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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