Dominican Republic: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in the Dominican Republic

The Dominican mineral or aerated water market expanded modestly to $X in 2022, surging by 4.9% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Mineral or Aerated Waters in the Dominican Republic

In value terms, mineral or aerated water production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Mineral or Aerated Waters

Exports from the Dominican Republic

In 2022, overseas shipments of mineral or aerated waters increased by 159% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports posted a pronounced expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 3,037%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mineral or aerated water exports surged to $X in 2022. In general, exports showed a mild expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 349%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Turks and Caicos Islands (X tons), the United States (X tons) and Curacao (X tons) were the main destinations of mineral or aerated water exports from the Dominican Republic, together accounting for 63% of total exports. These countries were followed by Norway, Costa Rica, Haiti, Panama and Italy, which together accounted for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +221.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mineral or aerated water exported from the Dominican Republic were the United States ($X), Turks and Caicos Islands ($X) and Panama ($X), together accounting for 64% of total exports. Curacao, Costa Rica, Haiti, Norway and Italy lagged somewhat behind, together comprising a further 18%.

Among the main countries of destination, Norway, with a CAGR of +146.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mineral or aerated water export price amounted to $X per ton, rising by 7.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 1,074% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average 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 Panama ($X per ton), while the average price for exports to Italy ($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 Curacao (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mineral or Aerated Waters

Imports into the Dominican Republic

In 2022, supplies from abroad of mineral or aerated waters was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mineral or aerated water imports surged to $X in 2022. Over the period under review, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), France (X tons) and Spain (X tons) were the main suppliers of mineral or aerated water imports to the Dominican Republic, together comprising 52% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mineral or aerated water suppliers to the Dominican Republic were France ($X), Italy ($X) and Spain ($X), together comprising 54% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +23.4%, recorded the highest rates of growth with regard to 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 mineral or aerated water import price amounted to $X per ton, shrinking by -70.1% against the previous year. Overall, the import price, however, continues to indicate a notable increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 254% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined 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 ($X per ton), while the price for Spain ($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 (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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