Dominican Republic: Photo Camera Market 2024

Photo Camera Market Size in the Dominican Republic

The Dominican photo camera market surged to $X in 2022, growing by 73% against the previous year. Overall, consumption, however, saw a perceptible descent. Photo camera consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Photo Camera Production in the Dominican Republic

In value terms, photo camera production shrank to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Photo Camera Exports

Exports from the Dominican Republic

In 2022, after three years of decline, there was significant growth in overseas shipments of photographic (other than cinematographic) cameras, when their volume increased by 6,877% to X units. In general, exports, however, showed a pronounced setback. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, photo camera exports stood at $X in 2022. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 956%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for photo camera exports from the Dominican Republic, accounting for a 95% share of total exports. Moreover, photo camera exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -2.5%.

In value terms, the United States ($X) remains the key foreign market for photographic (other than cinematographic) cameras exports from the Dominican Republic, comprising 33% of total exports. The second position in the ranking was held by Haiti ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +3.3%.

Export Prices by Country

The average photo camera export price stood at $X per unit in 2022, shrinking by -98.5% against the previous year. In general, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 1,687% against the previous year. The export price peaked at $X per unit in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Haiti stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.9%).

Photo Camera Imports

Imports into the Dominican Republic

In 2022, imports of photographic (other than cinematographic) cameras into the Dominican Republic skyrocketed to X units, picking up by 331% against 2021. Over the period under review, imports, however, saw a abrupt slump. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, photo camera imports soared to $X in 2022. In general, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of 273%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) was the main supplier of photo camera to the Dominican Republic, accounting for a 95% share of total imports. Moreover, photo camera imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. Panama (X units) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.0% per year) and Panama (-13.0% per year).

In value terms, the largest photo camera suppliers to the Dominican Republic were China ($X), the United States ($X) and Panama ($X), with a combined 83% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +11.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average photo camera import price stood at $X per unit in 2022, with a decrease of -46.6% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible expansion. The growth pace was the most rapid in 2013 when the average import price increased by 274%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 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 Germany (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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