Dominican Republic: Drawing Board Market 2024

Drawing Board Market Size in the Dominican Republic

The Dominican drawing board market contracted to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Drawing Board Production in the Dominican Republic

In value terms, drawing board production reduced modestly to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +9.0% 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 +4.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 98% against the previous year. Drawing board production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Drawing Board Exports

Exports from the Dominican Republic

In 2022, approx. X units of slates and boards with writing or drawing surfaces were exported from the Dominican Republic; dropping by -23.4% on 2021 figures. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 587%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, drawing board exports shrank sharply to $X in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 322%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bolivia (X units), Aruba (X units) and Jamaica (X units) were the main destinations of drawing board exports from the Dominican Republic, with a combined 65% share of total exports. Haiti, El Salvador, Belize, Ecuador and the United States lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belize (with a CAGR of +962.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for drawing board exported from the Dominican Republic were Bolivia ($X), Haiti ($X) and Jamaica ($X), together accounting for 73% of total exports. El Salvador, Belize, Ecuador, Aruba and the United States lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Belize, with a CAGR of +913.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average drawing board export price amounted to $X per unit, shrinking by -2.8% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth was the most pronounced in 2016 an increase of 81% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to Aruba ($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 Haiti (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Drawing Board Imports

Imports into the Dominican Republic

In 2022, purchases abroad of slates and boards with writing or drawing surfaces increased by 8.6% to X units, rising for the fourth consecutive year after three years of decline. Overall, imports, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, drawing board imports surged to $X in 2022. Over the period under review, imports showed a measured expansion. The growth pace was the most rapid in 2020 when imports increased by 69% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), the United States (X units) and Hong Kong SAR (X units) were the main suppliers of drawing board imports to the Dominican Republic, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +67.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest drawing board suppliers to the Dominican Republic were the United States ($X), China ($X) and Hong Kong SAR ($X), with a combined 96% share of total imports.

Hong Kong SAR, with a CAGR of +78.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average drawing board import price amounted to $X per unit, rising by 10% against the previous year. Overall, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 29%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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