Dominican Republic: Ball Pen Market 2024

Ball Pen Market Size in the Dominican Republic

The Dominican ball pen market skyrocketed to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ball Pen Exports

Exports from the Dominican Republic

After three years of decline, shipments abroad of ball-point pens increased by X% to X units in 2022. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, ball pen exports surged to $X in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Panama (X units), Bolivia (X units) and Colombia (X units) were the main destinations of ball pen exports from the Dominican Republic, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Panama ($X) and Jamaica ($X) constituted the largest markets for ball pen exported from the Dominican Republic worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Panama, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ball pen export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

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

Ball Pen Imports

Imports into the Dominican Republic

In 2022, the amount of ball-point pens imported into the Dominican Republic soared to X units, rising by X% on the year before. In general, imports showed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, ball pen imports surged to $X in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X units) constituted the largest ball pen supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, ball pen imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Malaysia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

In value terms, China ($X), Mexico ($X) and Malaysia ($X) were the largest ball pen suppliers to the Dominican Republic, with a combined X% share of total imports. Germany, the United States, India and Peru lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ball pen import price stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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