Dominican Republic: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in the Dominican Republic

The Dominican chocolate bar with filling market dropped to $X in 2021, with a decrease of -11.3% against the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +34.5% against 2019 indices. Chocolate bar with filling consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Chocolate Bars With Fillings in the Dominican Republic

In value terms, chocolate bar with filling production reduced markedly to $X in 2021 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +28.1% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 57%. Over the period under review, production hit record highs at $X in 2020, and then contracted rapidly in the following year.

Exports of Chocolate Bars With Fillings

Exports from the Dominican Republic

In 2021, overseas shipments of chocolate bars with fillings increased by 45% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2018 when exports increased by 118% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, chocolate bar with filling exports surged to $X in 2021. In general, exports posted a modest increase. The pace of growth appeared the most rapid in 2018 when exports increased by 147%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for chocolate bar with filling exports from the Dominican Republic, with a 76% share of total exports. Moreover, chocolate bar with filling exports to the United States exceeded the volume sent to the second major destination, France (X tons), eightfold. The third position in this ranking was taken by Jamaica (X tons), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+23.3% per year) and Jamaica (-14.3% per year).

In value terms, the United States ($X) remains the key foreign market for chocolate bars with fillings exports from the Dominican Republic, comprising 76% of total exports. The second position in the ranking was held by Jamaica ($X), with an 8.2% share of total exports. It was followed by France, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (-2.6% per year) and France (+37.3% per year).

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, declining by -17.1% against the previous year. Overall, the export price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 70% against the previous year. The export price peaked at $X per ton in 2020, and then contracted markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to France ($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 Guyana (+50.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into the Dominican Republic

In 2021, supplies from abroad of chocolate bars with fillings increased by 89% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports showed a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling imports soared to $X in 2021. Overall, imports, however, showed a perceptible shrinkage. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of chocolate bar with filling to the Dominican Republic, accounting for a 50% share of total imports. Moreover, chocolate bar with filling imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Canada (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+27.6% per year) and Canada (+7.1% per year).

In value terms, the United States ($X) constituted the largest supplier of chocolate bars with fillings to the Dominican Republic, comprising 62% of total imports. The second position in the ranking was taken by Turkey ($X), with a 9.1% share of total imports. It was followed by Canada, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.7% per year) and Canada (+3.3% per year).

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, declining by -11.5% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 an increase of 24% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, 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 Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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