Key Market Indicators
The import of clothing accessories in the Dominican Republic is projected to witness a significant decline, dropping to approximately $1,500 by 2028 from around $77,000 in 2023. This represents an average annual decrease of 52.3%. The downward trend in Dominican demand for these accessories has been consistent since 2006, with an annual decline rate of 12.8%. In stark contrast, the export of Dominican clothing accessories experienced a remarkable surge in 2017. Exports skyrocketed to about $11,000 from just $377 in 2016, marking an astounding increase of 2,830% year on year. Despite this surge, the overall supply of Dominican clothing accessories has been on a downward trajectory, decreasing by an average of 24.3% annually since 2007.
