Dominican Republic: Multitask Printer Market 2024

Multitask Printer Market Size in the Dominican Republic

The Dominican multitask printer market soared to $X in 2022, with an increase of 16% 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). In general, consumption, however, enjoyed a resilient increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Multitask Printer Exports

Exports from the Dominican Republic

After four years of decline, shipments abroad of multitask printers, copymachines and facsimile machines increased by 1,404% to X units in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, multitask printer exports soared to $X in 2022. In general, exports enjoyed a buoyant increase. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for multitask printer exports from the Dominican Republic, with a 42% share of total exports. Moreover, multitask printer exports to Malaysia exceeded the volume sent to the second major destination, China (X units), twofold. Costa Rica (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+75.5% per year) and Costa Rica (+65.5% per year).

In value terms, Haiti ($X), Costa Rica ($X) and Vietnam ($X) were the largest markets for multitask printer exported from the Dominican Republic worldwide, with a combined 63% share of total exports. China, the United States, Mexico and Malaysia lagged somewhat behind, together accounting for a further 32%.

China, with a CAGR of +154.5%, saw the highest growth rate of the value of exports, among the main countries of destination 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 multitask printer export price amounted to $X per unit, declining by -38.8% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 46%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($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 China (+45.0%), while the prices for the other major destinations experienced more modest paces of growth.

Multitask Printer Imports

Imports into the Dominican Republic

In 2022, imports of multitask printers, copymachines and facsimile machines into the Dominican Republic shrank to X units, declining by -3.9% on the year before. Overall, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by 90%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, multitask printer imports surged to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +93.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Thailand (X units) were the main suppliers of multitask printer imports to the Dominican Republic, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +132.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of multitask printers, copymachines and facsimile machines to the Dominican Republic, comprising 78% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.1% share of total imports. It was followed by Thailand, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.7% per year) and Thailand (+86.9% per year).

Import Prices by Country

The average multitask printer import price stood at $X per unit in 2022, increasing by 46% against the previous year. In general, the import price, however, showed a deep setback. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the United States ($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 (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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