Report Update Nov 1, 2024

Dominican Republic - Inks (Excluding Printing Ink) - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Ink Market 2024

Ink Market Size in the Dominican Republic

After three years of growth, the Dominican ink market decreased by -7.8% to $X in 2021. Overall, consumption, however, posted a resilient increase. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Ink Exports

Exports from the Dominican Republic

For the third consecutive year, the Dominican Republic recorded growth in shipments abroad of inks (excluding printing ink), which increased by 29% to X tons in 2021. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,320% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, ink exports surged to $X in 2021. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,262%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Haiti (X tons) was the main destination for ink exports from the Dominican Republic, with a 92% share of total exports. Moreover, ink exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Haiti amounted to +78.8%.

In value terms, Haiti ($X) remains the key foreign market for inks (excluding printing ink) exports from the Dominican Republic, comprising 97% of total exports. The second position in the ranking was taken by the United States ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti amounted to +85.7%.

Export Prices by Country

In 2021, the average ink export price amounted to $X per ton, surging by 83% against the previous year. Overall, the export price enjoyed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+3.9%).

Ink Imports

Imports into the Dominican Republic

After three years of growth, overseas purchases of inks (excluding printing ink) decreased by -9.3% to X tons in 2021. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 242% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, ink imports fell to $X in 2021. Overall, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 228% against the previous year. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

Peru (X tons), Guatemala (X tons) and the United States (X tons) were the main suppliers of ink imports to the Dominican Republic, together comprising 58% of total imports. China, Colombia, Nicaragua, Brazil and Mexico lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +150.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Guatemala ($X) appeared to be the largest ink suppliers to the Dominican Republic, together accounting for 66% of total imports. These countries were followed by Peru, Colombia, Nicaragua, Brazil and Mexico, which together accounted for a further 23%.

Among the main suppliers, Colombia, with a CAGR of +131.8%, recorded the highest rates of growth with regard to 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

In 2021, the average ink import price amounted to $X per ton, increasing by 4.4% against the previous year. Over the period under review, the import price, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2015 an increase of 45%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nicaragua (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for inks (excluding printing ink) in the world?

The countries with the highest volumes of ink consumption in 2021 were China, the United States and India, with a combined 39% share of global consumption. Greece, Indonesia, Japan, France, Thailand, the Philippines, Singapore, Germany, Saudi Arabia and Turkey lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of inks (excluding printing ink) in the world?

The countries with the highest volumes of ink production in 2021 were China, the United States and India, with a combined 53% share of global production. Japan, Greece, the Philippines, Germany, Indonesia, South Korea, France, the UK, Spain and Saudi Arabia lagged somewhat behind, together accounting for a further 30%.

What are the leading suppliers of inks (excluding printing ink) to the Dominican Republic?

In value terms, China, Mexico and the United States constituted the largest ink suppliers to the Dominican Republic, with a combined 56% share of total imports. Peru, Guatemala, Denmark, Turkey and Brazil lagged somewhat behind, together comprising a further 31%.

What are the leading importers of inks (excluding printing ink) from the Dominican Republic?

In value terms, Haiti remains the key foreign market for ink exports from the Dominican Republic, comprising 72% of total exports. The second position in the ranking was occupied by the United States, with a 10% share of total exports.

What is the average export price for inks (excluding printing ink) in the Dominican Republic?

In 2021, the average ink export price amounted to $12,693 per ton, stabilizing at the previous year.

What is the average import price for inks (excluding printing ink) in the Dominican Republic?

In 2021, the average ink import price amounted to $23,092 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the ink market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20593000 - Inks (excluding printing ink)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023