Dominican Republic: Confectionery Market 2024

Confectionery Market Size in the Dominican Republic

The Dominican confectionery market reached $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Confectionery consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Confectionery Production in the Dominican Republic

In value terms, confectionery production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Confectionery Exports

Exports from the Dominican Republic

In 2022, after two years of growth, there was decline in overseas shipments of confectionery, when their volume decreased by X% to X tons. Overall, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then fell slightly in the following year.

In value terms, confectionery exports expanded rapidly to $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Haiti (X tons) and Canada (X tons) were the main destinations of confectionery exports from the Dominican Republic, together comprising X% of total exports. Trinidad and Tobago, Germany, the Netherlands, France, Bahamas, Australia, Barbados, Italy and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for confectionery exported from the Dominican Republic were the United States ($X), Haiti ($X) and Trinidad and Tobago ($X), together comprising X% of total exports. Canada, Germany, the Netherlands, Bahamas, Barbados, France, Italy, the UK and Australia lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 confectionery export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to Australia ($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 Trinidad and Tobago (X%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery Imports

Imports into the Dominican Republic

In 2022, approx. X tons of confectionery were imported into the Dominican Republic; approximately equating the previous year's figure. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted modestly in the following year.

In value terms, confectionery imports surged to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Guatemala (X tons), Mexico (X tons) and Colombia (X tons) were the main suppliers of confectionery imports to the Dominican Republic, with a combined X% share of total imports. The United States, Turkey, El Salvador, Brazil, Costa Rica, Spain, China and Honduras lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest confectionery suppliers to the Dominican Republic were the United States ($X), Guatemala ($X) and Mexico ($X), together accounting for X% of total imports. Colombia, Turkey, Spain, El Salvador, Brazil, China, Costa Rica and Honduras lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded 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 2022, the average confectionery import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, continues to indicate a pronounced contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Costa Rica ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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