Report Update Nov 1, 2024

Dominican Republic - Grape Must - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Grape Must Market 2024

Grape Must Market Size in the Dominican Republic

The Dominican grape must market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption recorded a significant increase. Grape must consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Grape Must Exports

Exports from the Dominican Republic

In 2021, approx. X litres of grape must were exported from the Dominican Republic; waning by -49.4% against the year before. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 881% against the previous year. As a result, the exports attained the peak of X litres, and then dropped notably in the following year.

In value terms, grape must exports dropped markedly to $X in 2021. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 535%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Panama (X litres) was the main destination for grape must exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Panama amounted to +121.1%.

In value terms, Panama ($X) also remains the key foreign market for grape must exports from the Dominican Republic.

From 2012 to 2021, the average annual growth rate of value to Panama totaled +108.2%.

Export Prices by Country

The average grape must export price stood at $X per litre in 2021, picking up by 47% against the previous year. Overall, the export price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2015 when the average export price increased by 48%. As a result, the export price reached the peak level of $X per litre. From 2016 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2021, the rate of growth in terms of prices for Panama amounted to -2.9% per year.

Grape Must Imports

Imports into the Dominican Republic

In 2021, after three years of decline, there was significant growth in overseas purchases of grape must, when their volume increased by 76% to X litres. Overall, imports showed a significant increase. The growth pace was the most rapid in 2014 when imports increased by 825%. Over the period under review, imports hit record highs at X litres in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, grape must imports skyrocketed to $X in 2021. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 981%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Panama (X litres), Italy (X litres) and the United States (X litres) were the main suppliers of grape must imports to the Dominican Republic, with a combined 67% share of total imports. Germany, France and Spain lagged somewhat behind, together comprising a further 7.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +83.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grape must suppliers to the Dominican Republic were Panama ($X), Italy ($X) and the United States ($X), together accounting for 64% of total imports. These countries were followed by Germany, France and Spain, which together accounted for a further 12%.

France, with a CAGR of +111.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grape must import price stood at $X per litre in 2021, declining by -34.1% against the previous year. In general, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2020, and then reduced markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for grape must in the world?

China remains the largest grape must consuming country worldwide, accounting for 25% of total volume. Moreover, grape must consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.5% share.

What are the largest producers of grape must in the world?

The country with the largest volume of grape must production was China, accounting for 25% of total volume. Moreover, grape must production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.5% share.

What are the leading suppliers of grape must to the Dominican Republic?

In value terms, Panama constituted the largest supplier of grape must to the Dominican Republic, comprising 84% of total imports. The second position in the ranking was occupied by Italy, with a 9.9% share of total imports. It was followed by the United States, with a 2.6% share.

What is the average export price for grape must in the Dominican Republic?

In 2020, the average grape must export price amounted to $1.5 per litre, remaining relatively unchanged against the previous year.

What is the average import price for grape must in the Dominican Republic?

In 2021, the average grape must import price amounted to $5.1 per litre, surging by 2.8% against the previous year.

This report provides an in-depth analysis of the grape must market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11021250 - Grape must (excluding alcohol duty)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023