Dominican Republic: Ethanol Market 2024

Ethanol Market Size in the Dominican Republic

The Dominican ethanol market reached $X in 2022, surging by 3.2% against the previous year. Over the period under review, consumption recorded a prominent expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Ethanol Production in the Dominican Republic

In value terms, ethanol production stood at $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 55%. Ethanol production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ethanol Exports

Exports from the Dominican Republic

In 2022, overseas shipments of ethyl alcohol decreased by -6.1% to X litres, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 128% against the previous year. The exports peaked at X litres in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethanol exports reduced slightly to $X in 2022. In general, exports, however, recorded strong growth. The growth pace was the most rapid in 2016 when exports increased by 223% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X litres) was the main destination for ethanol exports from the Dominican Republic, with a 52% share of total exports. Moreover, ethanol exports to Haiti exceeded the volume sent to the second major destination, the Netherlands (X litres), fourfold. The third position in this ranking was taken by the United States (X litres), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+30.6% per year) and the United States (+24.2% per year).

In value terms, Haiti ($X) remains the key foreign market for ethyl alcohol exports from the Dominican Republic, comprising 50% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports. It was followed by the United States, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Haiti stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+29.6% per year) and the United States (+17.0% per year).

Export Prices by Country

In 2022, the average ethanol export price amounted to $X per litre, picking up by 1.8% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 42%. As a result, the export price reached the peak level of $X per litre. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Spain ($X per litre) and Chile ($X per litre), while the average price for exports to Haiti ($X per litre) and the Netherlands ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanol Imports

Imports into the Dominican Republic

After two years of growth, supplies from abroad of ethyl alcohol decreased by -21.4% to X litres in 2022. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 399% against the previous year. Imports peaked at X litres in 2021, and then reduced notably in the following year.

In value terms, ethanol imports fell to $X in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 399% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Brazil (X litres) constituted the largest ethanol supplier to the Dominican Republic, accounting for a 65% share of total imports. Moreover, ethanol imports from Brazil exceeded the figures recorded by the second-largest supplier, Ecuador (X litres), sevenfold. Colombia (X litres) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +266.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+67.6% per year) and Colombia (+35.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of ethyl alcohol to the Dominican Republic, comprising 67% of total imports. The second position in the ranking was taken by Ecuador ($X), with an 8.8% share of total imports. It was followed by Colombia, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to +198.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+66.0% per year) and Colombia (+30.8% per year).

Import Prices by Country

The average ethanol import price stood at $X per litre in 2022, increasing by 15% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 53% against the previous year. The import price peaked at $X per litre in 2019; however, from 2020 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 ($X per litre), while the price for Guatemala ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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