Dominican Republic: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in the Dominican Republic

After four years of decline, the Dominican spirits and liqueurs market increased by X% to $X in 2022. Overall, consumption, however, saw a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production in the Dominican Republic

In value terms, spirits and liqueurs production rose to $X in 2022 estimated in export price. In general, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Spirits And Liqueurs Exports

Exports from the Dominican Republic

In 2022, the amount of spirits, liqueurs and other spirituous beverages exported from the Dominican Republic expanded markedly to X litres, increasing by X% against 2021. Overall, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, spirits and liqueurs exports skyrocketed to $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Spain (X litres), the United States (X litres) and Latvia (X litres) were the main destinations of spirits and liqueurs exports from the Dominican Republic, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with an X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Latvia (X% per year).

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per litre), while the average price for exports to Chile ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into the Dominican Republic

In 2022, imports of spirits, liqueurs and other spirituous beverages into the Dominican Republic skyrocketed to X litres, picking up by X% on the previous year. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, spirits and liqueurs imports soared to $X in 2022. In general, imports recorded resilient growth. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the UK (X litres) constituted the largest spirits and liqueurs supplier to the Dominican Republic, with a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, Mexico (X litres), more than tenfold. The third position in this ranking was taken by Italy (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Italy (X% per year).

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and France (X% per year).

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, stabilizing at the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per litre in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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