Dominican Republic: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in the Dominican Republic

In 2021, after two years of decline, there was significant growth in the Dominican cocoa powder with sugar market, when its value increased by 8.2% to $X. In general, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.6% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Cocoa Powder (Containing Added Sugar) in the Dominican Republic

In value terms, cocoa powder with sugar production expanded slightly to $X in 2021 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. Cocoa powder with sugar production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from the Dominican Republic

In 2021, approx. X tons of cocoa powder (containing added sugar) were exported from the Dominican Republic; with a decrease of -43.7% on 2020. In general, exports recorded a perceptible setback. The growth pace was the most rapid in 2020 when exports increased by 149%. As a result, the exports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, cocoa powder with sugar exports shrank sharply to $X in 2021. Over the period under review, exports, however, continue to indicate mild growth. The growth pace was the most rapid in 2020 with an increase of 112%. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for cocoa powder with sugar exports from the Dominican Republic, with a 68% share of total exports. Moreover, cocoa powder with sugar exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-1.4% per year) and Austria (+55.2% per year).

In value terms, the largest markets for cocoa powder with sugar exported from the Dominican Republic were the United States ($X), Haiti ($X) and Austria ($X), with a combined 89% share of total exports.

Among the main countries of destination, Austria, with a CAGR of +60.4%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average cocoa powder with sugar export price amounted to $X per ton, dropping by -8.4% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cocoa powder with sugar export price decreased by -29.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 36%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the United States ($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 Haiti (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into the Dominican Republic

In 2021, approx. X tons of cocoa powder (containing added sugar) were imported into the Dominican Republic; falling by -11.8% against the year before. Over the period under review, imports recorded a mild downturn. The growth pace was the most rapid in 2019 when imports increased by 80%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, cocoa powder with sugar imports reduced slightly to $X in 2021. In general, imports, however, enjoyed perceptible growth. The growth pace was the most rapid in 2015 when imports increased by 54%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X tons), Guatemala (X tons) and the United States (X tons) were the main suppliers of cocoa powder with sugar imports to the Dominican Republic, together comprising 94% of total imports. Spain and Mexico lagged somewhat behind, together accounting for a further 3.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +4.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest cocoa powder with sugar suppliers to the Dominican Republic were Brazil ($X), Guatemala ($X) and the United States ($X), with a combined 89% share of total imports.

Among the main suppliers, the United States, with a CAGR of +11.6%, 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 cocoa powder with sugar import price amounted to $X per ton, picking up by 8.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.8%. The pace of growth appeared the most rapid in 2013 an increase of 20%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 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 Spain ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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