Dominican Republic - Printing Ink - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Dominican Republic - Printing Ink - Market Analysis, Forecast, Size, Trends and Insights

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Printing Ink Price in the Dominican Republic - 2023

Contents:

  1. Printing Ink Price in the Dominican Republic (CIF) - 2022
  2. Printing Ink Price in the Dominican Republic (FOB) - 2022
  3. Printing Ink Imports in the Dominican Republic
  4. Printing Ink Exports in the Dominican Republic

Printing Ink Price in the Dominican Republic (CIF) - 2022

In 2022, the average printing ink import price amounted to $9,170 per ton, with an increase of 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 55%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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 the United States ($15,248 per ton), while the price for Italy ($5,178 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Printing Ink Price in the Dominican Republic (FOB) - 2022

The average printing ink export price stood at $9,952 per ton in 2022, shrinking by -20.8% against the previous year. Over the period under review, the export price, however, continues to indicate mild growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 30% against the previous year. As a result, the export price attained the peak level of $16,648 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($18,066 per ton), while the average price for exports to Jamaica ($571 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 Haiti (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Printing Ink Imports in the Dominican Republic

Printing ink imports into the Dominican Republic amounted to 2.1K tons in 2022, therefore, remained relatively stable against 2021 figures. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 9%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, printing ink imports expanded significantly to $19M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Printing Ink in the Dominican Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States9.57.67.27.8-6.4%
Colombia2.53.03.73.815.0%
China0.90.80.81.313.0%
Italy0.51.21.21.130.1%
Spain0.50.70.70.711.9%
South Korea0.20.30.20.535.7%
Mexico0.30.40.40.410.1%
Germany0.60.50.50.4-12.6%
Peru0.10.10.10.226.0%
Others2.01.41.92.710.5%
Total17.016.016.818.93.6%

Top Suppliers of Printing Ink to the Dominican Republic in 2022:

  1. Colombia (715.6 tons)
  2. United States (509.9 tons)
  3. Italy (221.4 tons)
  4. China (160.5 tons)
  5. Spain (84.1 tons)
  6. South Korea (59.3 tons)
  7. Germany (58.4 tons)
  8. Mexico (35.6 tons)
  9. Peru (33.8 tons)

Printing Ink Exports in the Dominican Republic

In 2022, overseas shipments of printing ink decreased by -64.3% to 4.5 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 498% against the previous year. As a result, the exports reached the peak of 41 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, printing ink exports fell remarkably to $45K in 2022. Overall, exports recorded a dramatic decline. The pace of growth appeared the most rapid in 2020 when exports increased by 677% against the previous year. As a result, the exports reached the peak of $690K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Printing Ink in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Haiti61.117510741.1-12.4%
Honduras1.61.51.01.60.0%
JamaicaN/AN/AN/A0.40%
SpainN/A5.2N/AN/A0%
GuatemalaN/A22.2N/AN/A0%
United States7.843345.8N/A142.3%
CubaN/A44.30.3N/A-99.3%
Others18.48.23.51.4-57.6%
Total88.869015744.5-20.6%

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

  1. Haiti (3630.0 kg)
  2. Jamaica (700.0 kg)
  3. Honduras (91.0 kg)
  4. Cuba (1.0 kg)
  5. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the printing ink 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 20302450 - Black printing inks
  • Prodcom 20302470 - Printing inks (excluding black)

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
  • Find deeper insights into current market developments
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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