Dominican Republic: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in the Dominican Republic

In 2022, the Dominican market for candies, sweets, and nonchocolate confectionery increased by 17% to $X, rising for the second consecutive year after three years of decline. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Candies, Sweets, and Nonchocolate Confectionery in the Dominican Republic

In value terms, candy, sweets, and nonchocolate confectionery production stood at $X in 2022 estimated in export price. In general, production, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by 35% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from the Dominican Republic

In 2022, after four years of growth, there was significant decline in overseas shipments of candies, sweets, and nonchocolate confectionery, when their volume decreased by -11.8% to X tons. Over the period under review, exports, however, saw a prominent increase. The growth pace was the most rapid in 2015 with an increase of 141% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, candy, sweets, and nonchocolate confectionery exports skyrocketed to $X in 2022. In general, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 125% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Haiti (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from the Dominican Republic, with a 70% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. The third position in this ranking was held by Suriname (X tons), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti totaled +55.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.6% per year) and Suriname (0.0% per year).

In value terms, Haiti ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from the Dominican Republic, comprising 60% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Switzerland, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti amounted to +65.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.4% per year) and Switzerland (+26.0% per year).

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, rising by 35% against the previous year. Over the period under review, the export price showed a notable expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 88% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Haiti ($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 Haiti (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into the Dominican Republic

In 2022, the amount of candies, sweets, and nonchocolate confectionery imported into the Dominican Republic totaled X tons, with an increase of 2.2% compared with the year before. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2017 with an increase of 48%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, candy, sweets, and nonchocolate confectionery imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +4.9% 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 was the most pronounced in 2021 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Guatemala (X tons), Mexico (X tons) and Colombia (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to the Dominican Republic, with a combined 53% share of total imports. El Salvador, Costa Rica, Brazil, Turkey, the United States, Honduras and Spain lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +35.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest candy, sweets, and nonchocolate confectionery suppliers to the Dominican Republic were Guatemala ($X), Mexico ($X) and Colombia ($X), together accounting for 52% of total imports. The United States, El Salvador, Brazil, Turkey, Costa Rica, Spain and Honduras lagged somewhat behind, together comprising a further 39%.

In terms of the main suppliers, Turkey, with a CAGR of +26.4%, recorded the highest growth rate of 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

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, increasing by 20% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for Costa Rica ($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 (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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