Wood; Clothes Hangers Price in the Dominican Republic - 2023

Contents:

  1. Wood; Clothes Hangers Price in the Dominican Republic (CIF) - 2022
  2. Wood; Clothes Hangers Price in the Dominican Republic (FOB) - 2022
  3. Wood; Clothes Hangers Imports in the Dominican Republic
  4. Wood; Clothes Hangers Exports in the Dominican Republic

Wood; Clothes Hangers Price in the Dominican Republic (CIF) - 2022

The average wood; clothes hangers import price stood at $5,641 per ton in 2022, approximately reflecting the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood; clothes hangers import price increased by +21.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 48%. Over the period under review, average import prices hit record highs at $8,142 per ton in 2017; however, from 2018 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 ($36,893 per ton), while the price for Mexico ($2,004 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Wood; Clothes Hangers Price in the Dominican Republic (FOB) - 2022

In 2022, the average wood; clothes hangers export price amounted to $2,023 per ton, declining by -65.3% against the previous year. Overall, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,626 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, 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 Haiti amounted to +0.2% per year.

Wood; Clothes Hangers Imports in the Dominican Republic

In 2022, the amount of wood; clothes hangerses imported into the Dominican Republic amounted to 25 tons, with an increase of 14% against the previous year's figure. Overall, imports, however, recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year.

In value terms, wood; clothes hangers imports rose notably to $144K in 2022. Over the period under review, imports, however, recorded a significant decline. The pace of growth appeared the most rapid in 2021 when imports increased by 59% against the previous year.

Import of Wood; Clothes Hangers in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China11430.333.583.1-10.0%
Spain18.71.812.037.626.2%
Mexico6.91.50.512.622.2%
Romania2.71.77.310.255.7%
United States3507.631.00.2-91.7%
South Korea36.310.89.3N/A-49.4%
Argentina1.80.60.6N/A-42.3%
Sweden24.310.212.2N/A-29.1%
Italy7.94.74.7N/A-22.9%
Others28.79.814.8N/A-28.2%
Total59179.1126144-37.5%

Top Suppliers of Wood; Clothes Hangers to the Dominican Republic in 2022:

  1. United States (undefined tons)
  2. China (16.0 tons)
  3. Mexico (6.3 tons)
  4. Romania (2.2 tons)
  5. Spain (1.0 tons)

Wood; Clothes Hangers Exports in the Dominican Republic

In 2022, the amount of wood; clothes hangerses exported from the Dominican Republic shrank dramatically to 10 kg, which is down by -99% compared with 2021. Over the period under review, exports showed a sharp descent. The smallest decline of -3.5% was in 2020.

In value terms, wood; clothes hangers exports fell remarkably to $20 in 2022. In general, exports saw a significant curtailment. The smallest decline of -9.9% was in 2021.

Export of Wood; Clothes Hangers in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
HondurasN/A0.40.4N/A0.0%
Haiti6.45.34.8N/A-13.4%
United States0.50.40.2N/A-36.8%
Others0.50.60.6N/A9.5%
Total7.46.76.0N/A-10.0%

Top Export Markets for Wood; Clothes Hangers from the Dominican Republic in 2022:

  1. United States (10.0 kg)

Source: IndexBox Market Intelligence Platform

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