Dominican Republic: Printing Press Market 2024

Printing Press Market Size in the Dominican Republic

The Dominican printing press market surged to $X in 2022, picking up by 27% 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 saw a prominent increase. Printing press consumption peaked in 2022 and is likely to see steady growth in the near future.

Printing Press Exports

Exports from the Dominican Republic

In 2022, printing press exports from the Dominican Republic shrank markedly to X units, reducing by -50.1% on 2021. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 221%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, printing press exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 276% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X units) was the main destination for printing press exports from the Dominican Republic, accounting for a 64% share of total exports. Moreover, printing press exports to Haiti exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by India (X units), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti amounted to -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.4% per year) and India (+17.5% per year).

In value terms, Haiti ($X), India ($X) and Nicaragua ($X) appeared to be the largest markets for printing press exported from the Dominican Republic worldwide, together accounting for 39% of total exports.

India, with a CAGR of +46.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average printing press export price amounted to $X per unit, picking up by 338% against the previous year. In general, the export price enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 608% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Colombia ($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 Nicaragua (+61.0%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Press Imports

Imports into the Dominican Republic

For the fifth consecutive year, the Dominican Republic recorded growth in overseas purchases of printing presses, which increased by 36% to X units in 2022. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 96%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, printing press imports shrank to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 82%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of printing press to the Dominican Republic, accounting for a 47% share of total imports. Moreover, printing press imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. Spain (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.1% per year) and Spain (+49.3% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the largest printing press suppliers to the Dominican Republic, with a combined 91% share of total imports. Spain, Portugal and the Netherlands lagged somewhat behind, together comprising a further 3.8%.

Among the main suppliers, Portugal, with a CAGR of +154.1%, recorded the highest growth rate of 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 2022, the average printing press import price amounted to $X per unit, waning by -30.3% against the previous year. In general, the import price saw a deep setback. The pace of growth was the most pronounced in 2014 an increase of 44% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+41.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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