Market Insights Consumer Luxury Goods Luxury Fashion

Luxury Apparel - Dominican Republic

Dominican Republic

In the Dominican Republic, the revenue generated in the Luxury Apparel market in 2024 amounts to US$114.50m.
It is projected that this market will experience an annual growth rate of 0.13% (CAGR 2024-2028).
When comparing this revenue to other countries globally, it is important to note that in the United States generates the highest revenue in this segment, with US$20,430m in 2024.
To put this revenue into perspective, in 2024, per person revenues of US$10.01 are generated in relation to the total population of the Dominican Republic.
The demand for luxury apparel in the Dominican Republic has been steadily increasing due to the country's growing affluent population and thriving tourism industry.

Key regions: India, Singapore, United States, France, United Kingdom

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The Luxury Apparel market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Apparel industry.