Dominican Republic: Printing Components Market 2024

Printing Components Market Size in the Dominican Republic

The Dominican printing components market declined to $X in 2022, approximately equating the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.4% against 2020 indices. Printing components consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Printing Components Production in the Dominican Republic

In value terms, printing components production declined modestly to $X in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 62%. Printing components production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Printing Components Exports

Exports from the Dominican Republic

For the third year in a row, the Dominican Republic recorded growth in shipments abroad of printing components, which increased by 69% to X tons in 2022. Overall, exports showed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 2,102% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, printing components exports dropped to $X in 2022. Over the period under review, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 1,466% against the previous year. 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 tons) was the main destination for printing components exports from the Dominican Republic, with a 94% share of total exports. Moreover, printing components exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +16.6%.

In value terms, the United States ($X) and Haiti ($X) appeared to be the largest markets for printing components exported from the Dominican Republic worldwide.

Haiti, with a CAGR of +33.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average printing components export price amounted to $X per ton, with a decrease of -46.9% against the previous year. Over the period under review, the export price showed a noticeable setback. The growth pace was the most rapid in 2020 when the average export price increased by 117% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+2.5%), while the prices for the other major destinations experienced a decline.

Printing Components Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of printing components increased by 40% to X tons, rising for the second year in a row after five years of decline. In general, imports, however, continue to indicate a noticeable setback. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, printing components imports amounted to $X in 2022. Overall, imports, however, recorded a mild descent. The growth pace was the most rapid in 2021 when imports increased by 17%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Brazil (X tons) were the main suppliers of printing components imports to the Dominican Republic, with a combined 99% 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 China (with a CAGR of -1.0%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of printing components to the Dominican Republic, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by Brazil, with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.2% per year) and Brazil (-3.8% per year).

Import Prices by Country

In 2022, the average printing components import price amounted to $X per ton, dropping by -20.6% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of 19%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined notably in the following year.

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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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