Dominican Republic: Beer Market 2024

Beer Market Size in the Dominican Republic

The Dominican beer market shrank to $X in 2022, standing approx. at the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.2% against 2013 indices. Over the period under review, the market attained the peak level at $X in 2021, and then fell modestly in the following year.

Beer Production in the Dominican Republic

In value terms, beer production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 16%. Beer production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Beer Exports

Exports from the Dominican Republic

In 2022, the amount of beer exported from the Dominican Republic dropped markedly to X tons, declining by -20.6% on 2021. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 65%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, beer exports shrank remarkably to $X in 2022. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 123% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X tons), Cuba (X tons) and Belize (X tons) were the main destinations of beer exports from the Dominican Republic, together accounting for 67% of total exports. France, Guatemala, Jamaica, the Netherlands, Israel, Venezuela, Curacao, San Marino and the United States lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of +163.0%), while the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Cuba ($X) and Belize ($X) were the largest markets for beer exported from the Dominican Republic worldwide, with a combined 68% share of total exports. These countries were followed by France, Curacao, Venezuela, Jamaica, Guatemala, Israel, the Netherlands, San Marino and the United States, which together accounted for a further 25%.

Venezuela, with a CAGR of +115.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average beer export price stood at $X per ton in 2022, declining by -15.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 35% against the previous year. As a result, the export price reached the peak level of $X per ton, and then plummeted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Curacao ($X per ton), while the average price for exports to the Netherlands ($X 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 Cuba (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Beer Imports

Imports into the Dominican Republic

Beer imports into the Dominican Republic declined slightly to X tons in 2022, shrinking by -1.7% on the previous year. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 135%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, beer imports reduced modestly to $X in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 165%. As a result, imports reached the peak of $X, and then shrank slightly in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest beer supplier to the Dominican Republic, with a 71% share of total imports. Moreover, beer imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico totaled +43.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.2% per year) and the Netherlands (+109.1% per year).

In value terms, Mexico ($X) constituted the largest supplier of beer to the Dominican Republic, comprising 59% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.9% per year) and the Netherlands (+109.1% per year).

Import Prices by Country

In 2022, the average beer import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico ($X 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 (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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