Report Update: May 1, 2024

Dominican Republic - Indian Ink Drawing Pens, Fountain Pens And Stylograph Pens - Market Analysis, Forecast, Size, Trends And Insights

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Drawing Ink Pen Price in the Dominican Republic - 2023

Drawing Ink Pen Price in the Dominican Republic (CIF) - 2022

The average drawing ink pen import price stood at $0.9 per unit in 2022, reducing by -82.9% against the previous year. Overall, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 87%. As a result, import price reached the peak level of $5.3 per unit, and then shrank rapidly 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 Germany ($5 per unit), while the price for China totaled $0.9 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Drawing Ink Pen Price in the Dominican Republic (FOB) - 2022

The average drawing ink pen export price stood at $46 per unit in 2022, declining by -5.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 167% against the previous year. Over the period under review, the average export prices hit record highs at $108 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to -2.0% per year.

Drawing Ink Pen Imports in the Dominican Republic

In 2022, supplies from abroad of indian ink drawing pens, fountain pens and stylograph pens increased by 2,642% to 118K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, drawing ink pen imports soared to $107K in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Drawing Ink Pen in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	2.6	1.8	8.6	31.2	128.9%
China	1.5	1.5	2.5	0.2	-48.9%
Malaysia	13.3	N/A	N/A	N/A	0%
India	0.9	2.0	2.8	N/A	76.4%
Others	3.2	7.9	8.9	75.5	186.8%
Total	21.6	13.2	22.8	107	70.5%

Top Suppliers of Drawing Ink Pen to the Dominican Republic in 2022:

Germany (6.3K units)
China (0.3K units)

Drawing Ink Pen Exports in the Dominican Republic

In 2022, approx. 69 units of indian ink drawing pens, fountain pens and stylograph pens were exported from the Dominican Republic; with an increase of 57% against 2021 figures. Overall, exports, however, faced a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 120% against the previous year. Over the period under review, the exports hit record highs at 422 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, drawing ink pen exports soared to $3.2K in 2022. Over the period under review, exports, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 94%. Over the period under review, the exports attained the peak figure at $22K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Drawing Ink Pen in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	20.8	1.0	2.1	3.2	-46.4%
Others	1.1	0.1	0.1	N/A	-69.8%
Total	21.9	1.1	2.1	3.2	-47.3%

Top Export Markets for Drawing Ink Pen from the Dominican Republic in 2022:

United States (62.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the drawing ink pen market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32991300 - Indian ink drawing pens, fountain pens, stylograph pens and other pens

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023