Dominican Republic: Ball Pen Market 2024

Ball Pen Market Size in the Dominican Republic

The Dominican ball pen market surged to $X in 2022, with an increase of X% 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). Over the period under review, consumption saw a prominent expansion. Ball pen consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Ball Pen Exports

Exports from the Dominican Republic

In 2022, overseas shipments of ball-point pens were finally on the rise to reach X units after three years of decline. Overall, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ball pen exports surged to $X in 2022. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Panama (X units), Bolivia (X units) and Colombia (X units) were the main destinations of ball pen exports from the Dominican Republic, with a combined X% share of total exports. Haiti, Honduras, Jamaica, Trinidad and Tobago, Barbados, El Salvador, the United States, Nicaragua, Aruba and Belize lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for ball pen exported from the Dominican Republic were Bolivia ($X), Panama ($X) and Jamaica ($X), together comprising X% of total exports. Haiti, Colombia, Barbados, Trinidad and Tobago, El Salvador, Nicaragua, the United States, Honduras, Aruba and Belize lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Nicaragua, with a CAGR of X%, recorded 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

The average ball pen export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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

Ball Pen Imports

Imports into the Dominican Republic

In 2022, approx. X units of ball-point pens were imported into the Dominican Republic; with an increase of X% on the year before. Overall, imports showed a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, ball pen imports soared to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X units) constituted the largest supplier of ball pen to the Dominican Republic, accounting for a X% share of total imports. Moreover, ball pen imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Malaysia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

In value terms, the largest ball pen suppliers to the Dominican Republic were China ($X), Mexico ($X) and Malaysia ($X), together comprising X% of total imports. Germany, the United States, India and Peru lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ball pen import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, faced a abrupt contraction. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, 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 ($X per unit), while the price for Mexico ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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