Dominican Republic: Market for Cider, Perry, Mead And Other Fermented Beverages 2024

Market Size for Cider, Perry, Mead And Other Fermented Beverages in the Dominican Republic

In 2021, the Dominican cider, perry and mead market decreased by -13.7% to $X for the first time since 2014, thus ending a six-year rising trend. Overall, consumption, however, continues to indicate a strong expansion. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Cider, Perry, Mead And Other Fermented Beverages in the Dominican Republic

In value terms, cider, perry and mead production declined significantly to $X in 2021 estimated in export price. In general, production, however, recorded a resilient increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 47%. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports from the Dominican Republic

In 2021, overseas shipments of cider, perry, mead and other fermented beverages increased by 31% to X litres for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 189%. As a result, the exports attained the peak of X litres. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, cider, perry and mead exports soared to $X in 2021. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 199% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X litres), Trinidad and Tobago (X litres) and France (X litres) were the main destinations of cider, perry and mead exports from the Dominican Republic, together comprising 81% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Trinidad and Tobago (with a CAGR of +205.6%), while the other leaders experienced more modest paces of growth.

In value terms, Haiti ($X), Trinidad and Tobago ($X) and France ($X) appeared to be the largest markets for cider, perry and mead exported from the Dominican Republic worldwide, together comprising 90% of total exports.

Among the main countries of destination, Trinidad and Tobago, with a CAGR of +271.7%, 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 cider, perry and mead export price stood at $X per litre in 2021, waning by -10.6% against the previous year. In general, the export price, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2016 an increase of 75%. The export price peaked at $X per litre in 2020, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per litre), while the average price for exports to British Virgin Islands ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports into the Dominican Republic

In 2021, imports of cider, perry, mead and other fermented beverages into the Dominican Republic soared to X litres, rising by 38% against the year before. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 416% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, cider, perry and mead imports surged to $X in 2021. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 371%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Brazil (X litres), Spain (X litres) and Mexico (X litres) were the main suppliers of cider, perry and mead imports to the Dominican Republic, with a combined 19% share of total imports. These countries were followed by the United States, Germany, Poland, China, Italy, Jamaica, Guyana and Belgium, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +115.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cider, perry and mead suppliers to the Dominican Republic were Mexico ($X), Brazil ($X) and Spain ($X), with a combined 32% share of total imports.

Among the main suppliers, Mexico, with a CAGR of +113.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cider, perry and mead import price amounted to $X per litre, dropping by -4.6% against the previous year. Over the period under review, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2014 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per litre in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per litre), while the price for Belgium ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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