Dominican Republic: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in the Dominican Republic

In 2021, the Dominican grape juice (single strength) market decreased by -14.3% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a precipitous decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Grape Juice (Single Strength)

Exports from the Dominican Republic

In 2021, shipments abroad of grape juice (single strength) decreased by -21.5% to X tons, falling for the second consecutive year after four years of growth. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2018 when exports increased by 243%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, grape juice (single strength) exports skyrocketed to $X in 2021. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 233% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Jamaica (X tons) was the main destination for grape juice (single strength) exports from the Dominican Republic, with a 92% share of total exports. Moreover, grape juice (single strength) exports to Jamaica exceeded the volume sent to the second major destination, Haiti (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Jamaica amounted to -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+4.0% per year) and the United States (-40.8% per year).

In value terms, Jamaica ($X) remains the key foreign market for grape juice (single strength) exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was taken by Haiti ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Jamaica totaled -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-7.0% per year) and the United States (-44.0% per year).

Export Prices by Country

In 2021, the average grape juice (single strength) export price amounted to $X per ton, rising by 63% against the previous year. In general, the export price, however, showed a abrupt slump. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to the United States ($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 the United States (-5.6%), while the prices for the other major destinations experienced a decline.

Imports of Grape Juice (Single Strength)

Imports into the Dominican Republic

In 2021, supplies from abroad of grape juice (single strength) decreased by -15.2% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a precipitous descent. The most prominent rate of growth was recorded in 2019 with an increase of 606%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, grape juice (single strength) imports declined significantly to $X in 2021. Overall, imports faced a sharp decrease. The most prominent rate of growth was recorded in 2019 with an increase of 718%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest grape juice (single strength) supplier to the Dominican Republic, accounting for a 86% share of total imports. Moreover, grape juice (single strength) imports from Brazil exceeded the figures recorded by the second-largest supplier, Cyprus (X kg), more than tenfold. Costa Rica (X kg) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at -29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (-32.1% per year) and Costa Rica (-40.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of grape juice (single strength) to the Dominican Republic, comprising 90% of total imports. The second position in the ranking was taken by the United States ($X), with a 2.4% share of total imports. It was followed by Cyprus, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at -27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-36.0% per year) and Cyprus (-31.9% per year).

Import Prices by Country

In 2021, the average grape juice (single strength) import price amounted to $X per ton, dropping by -1.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2016 an increase of 18%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 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 the United States ($X per ton), while the price for Costa Rica ($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 (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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