Dominican Republic: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in the Dominican Republic

The Dominican porous-tipped pen market soared to $X in 2021, growing by 71% 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). Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -29.3% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Porous-Tipped Pen Exports

Exports from the Dominican Republic

In 2021, exports of porous-tipped pens and markers from the Dominican Republic fell dramatically to X units, which is down by -96.1% on 2020. Over the period under review, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 604%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, porous-tipped pen exports shrank notably to $X in 2021. In general, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by 975% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then fell notably in the following year.

Exports by Country

Bolivia (X units) was the main destination for porous-tipped pen exports from the Dominican Republic, with a 50% share of total exports. Moreover, porous-tipped pen exports to Bolivia exceeded the volume sent to the second major destination, Colombia (X units), fourfold. El Salvador (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia totaled +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+94.2% per year) and El Salvador (+106.1% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for porous-tipped pens and markers exports from the Dominican Republic, comprising 51% of total exports. The second position in the ranking was held by Colombia ($X), with an 18% share of total exports. It was followed by Panama, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia totaled +53.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+72.6% per year) and Panama (+0.9% per year).

Export Prices by Country

The average porous-tipped pen export price stood at $X per unit in 2021, which is down by -7.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 53%. The export price peaked at $X per unit in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+298.6%), while the prices for the other major destinations experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into the Dominican Republic

In 2021, the amount of porous-tipped pens and markers imported into the Dominican Republic skyrocketed to X units, with an increase of 61% compared with the previous year's figure. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.5% against 2019 indices. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, porous-tipped pen imports skyrocketed to $X in 2021. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -33.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest porous-tipped pen supplier to the Dominican Republic, with a 42% share of total imports. Moreover, porous-tipped pen imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.7% per year) and Germany (+13.4% per year).

In value terms, the largest porous-tipped pen suppliers to the Dominican Republic were Germany ($X), China ($X) and the United States ($X), together comprising 49% of total imports.

Among the main suppliers, Germany, with a CAGR of +21.8%, 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 more modest paces of growth.

Import Prices by Country

The average porous-tipped pen import price stood at $X per unit in 2021, dropping by -19.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 12%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :