Dominican Republic: Fructose Market 2024

Fructose Market Size in the Dominican Republic

In 2021, after two years of decline, there was growth in the Dominican fructose market, when its value increased by 2.9% to $X. Overall, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 decreased by -13.1% against 2018 indices. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Fructose Production in the Dominican Republic

In value terms, fructose production expanded rapidly to $X in 2021 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% 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 -26.6% against 2015 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 100% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Fructose Exports

Exports from the Dominican Republic

Fructose exports from the Dominican Republic soared to X tons in 2021, increasing by 54% against 2020. Over the period under review, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 148% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, fructose exports skyrocketed to $X in 2021. Overall, exports saw a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 165% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Haiti (X tons) and Chile (X tons) were the main destinations of fructose exports from the Dominican Republic, with a combined 94% share 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 Haiti (with a CAGR of +79.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for fructose and fructose syrup exports from the Dominican Republic, comprising 59% of total exports. The second position in the ranking was held by Haiti ($X), with a 25% share of total exports. It was followed by Chile, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+57.0% per year) and Chile (+29.6% per year).

Export Prices by Country

In 2021, the average fructose export price amounted to $X per ton, waning by -21.3% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($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 Jamaica (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Fructose Imports

Imports into the Dominican Republic

After two years of growth, overseas purchases of fructose and fructose syrup decreased by -25.8% to X tons in 2021. In general, imports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of 42%. Imports peaked at X tons in 2020, and then contracted sharply in the following year.

In value terms, fructose imports declined to $X in 2021. Overall, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, the United States (X tons) constituted the largest fructose supplier to the Dominican Republic, accounting for a 56% share of total imports. Moreover, fructose imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. The third position in this ranking was held by Brazil (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+14.4% per year) and Brazil (+7.7% per year).

In value terms, the United States ($X) constituted the largest supplier of fructose and fructose syrup to the Dominican Republic, comprising 60% of total imports. The second position in the ranking was taken by Mexico ($X), with a 14% share of total imports. It was followed by Brazil, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+15.5% per year) and Brazil (+0.9% per year).

Import Prices by Country

In 2021, the average fructose import price amounted to $X per ton, increasing by 19% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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