Dominican Republic: Self-Adhesive Printed Label Market 2024

Self-Adhesive Printed Label Market Size in the Dominican Republic

In 2022, the Dominican self-adhesive printed label market decreased by -5.2% to $X, falling for the second consecutive year after four years of growth. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.6% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Self-Adhesive Printed Label Production in the Dominican Republic

In value terms, self-adhesive printed label production totaled $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.2% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 18%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Self-Adhesive Printed Label Exports

Exports from the Dominican Republic

In 2022, shipments abroad of self-adhesive printed labels increased by 157% to X tons, rising for the second year in a row after two years of decline. In general, exports showed prominent growth. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-adhesive printed label exports dropped rapidly to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. As a result, the exports attained the peak of $X, and then reduced notably in the following year.

Exports by Country

Haiti (X tons) was the main destination for self-adhesive printed label exports from the Dominican Republic, with a 88% share of total exports. Moreover, self-adhesive printed label exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-5.3% per year) and Nicaragua (+15.1% per year).

In value terms, Haiti ($X), Nicaragua ($X) and the United States ($X) were the largest markets for self-adhesive printed label exported from the Dominican Republic worldwide, with a combined 92% share of total exports.

Nicaragua, with a CAGR of +23.0%, recorded 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 mixed trend patterns.

Export Prices by Country

In 2022, the average self-adhesive printed label export price amounted to $X per ton, shrinking by -68% against the previous year. In general, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2015 an increase of 74% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Adhesive Printed Label Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of self-adhesive printed labels increased by 4.1% to X tons, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 31% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, self-adhesive printed label imports reduced modestly to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.0% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 14%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Colombia (X tons) and Barbados (X tons) were the main suppliers of self-adhesive printed label imports to the Dominican Republic, with a combined 71% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +63.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of self-adhesive printed labels to the Dominican Republic, comprising 40% of total imports. The second position in the ranking was taken by Barbados ($X), with a 10% share of total imports. It was followed by the Netherlands, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Barbados (+7.2% per year) and the Netherlands (+33.6% per year).

Import Prices by Country

The average self-adhesive printed label import price stood at $X per ton in 2022, which is down by -4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 an increase of 44% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average 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 Germany ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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