Dominican Republic: Photo Camera Market 2023

Photo Camera Market Size in the Dominican Republic

The Dominican photo camera market contracted remarkably to $X in 2021, waning by -79.1% 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 showed a abrupt contraction. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Photo Camera Exports

Exports from the Dominican Republic

Photo camera exports from the Dominican Republic contracted modestly to X kg in 2021, which is down by -2% compared with 2020. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 92% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, photo camera exports rose notably to $X in 2021. In general, exports, however, posted mild growth. The pace of growth was the most pronounced in 2014 when exports increased by 190%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X kg) was the main destination for photo camera exports from the Dominican Republic, with a 73% share of total exports. Moreover, photo camera exports to Indonesia exceeded the volume sent to the second major destination, the United States (X kg), fourfold. The third position in this ranking was held by Haiti (X kg), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia amounted to +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-17.1% per year) and Haiti (-19.4% per year).

In value terms, the United States ($X), Indonesia ($X) and Haiti ($X) appeared to be the largest markets for photo camera exported from the Dominican Republic worldwide.

Indonesia, with a CAGR of +6.6%, saw 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

The average photo camera export price stood at $X per ton in 2021, with an increase of 13% against the previous year. Overall, the export price posted a buoyant expansion. The growth pace was the most rapid in 2019 when the average export price increased by 220%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Photo Camera Imports

Imports into the Dominican Republic

In 2021, imports of photographic (other than cinematographic) cameras into the Dominican Republic fell dramatically to X tons, waning by -77.8% on the year before. In general, imports showed a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 476% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, photo camera imports contracted sharply to $X in 2021. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2020 when imports increased by 385%. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

Germany (X kg), the Philippines (X kg) and Canada (X kg) were the main suppliers of photo camera imports to the Dominican Republic, together comprising 69% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +45.8%), while imports for the other leaders experienced a decline.

In value terms, the Philippines ($X) constituted the largest supplier of photo camera to the Dominican Republic, comprising 42% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Panama, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from the Philippines amounted to -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.5% per year) and Panama (+3.2% per year).

Import Prices by Country

In 2021, the average photo camera import price amounted to $X per ton, shrinking by -14.5% against the previous year. Overall, the import price, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2015 an increase of 208% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Philippines ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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