Report Update Nov 1, 2024

Dominican Republic - Sugars, Sugar Ethers and Salts - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Sugars Market 2024

Sugars Market Size in the Dominican Republic

The Dominican sugars market skyrocketed to $X in 2021, picking up by 81% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a resilient expansion. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Sugars Exports

Exports from the Dominican Republic

Sugars exports from the Dominican Republic amounted to X kg in 2021, approximately mirroring 2020. In general, exports faced a precipitous descent. The smallest decline of -27.7% was in 2015. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sugars exports stood at $X in 2021. Overall, exports saw a abrupt decline. The smallest decline of -0.3% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Guatemala (X kg) was the main destination for sugars exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guatemala stood at +91.4%.

From 2012 to 2021, the average annual rate of growth in terms of value to Guatemala stood at +72.1%.

Export Prices by Country

In 2021, the average sugars export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price recorded a strong expansion. The growth pace was the most rapid in 2016 when the average export price increased by 86%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for France amounted to +40.8% per year.

Sugars Imports

Imports into the Dominican Republic

Sugars imports into the Dominican Republic soared to X tons in 2021, with an increase of 91% compared with the year before. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 228%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, sugars imports surged to $X in 2021. Over the period under review, imports showed prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 287%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of sugars imports to the Dominican Republic, together comprising 50% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +31.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the Netherlands ($X) and Belgium ($X) were the largest sugars suppliers to the Dominican Republic, together comprising 48% of total imports.

The Netherlands, with a CAGR of +25.0%, saw the highest growth rate of the value of imports, among 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 sugars import price stood at $X per ton in 2021, falling by -5.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+93.6%), 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 sugars, sugar ethers and salts in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 41% of global consumption. Japan, Brazil, Spain, Germany, Switzerland, Indonesia, Poland, Russia, the Philippines and South Korea lagged somewhat behind, together accounting for a further 29%.

What are the largest producers of sugars, sugar ethers and salts in the world?

The countries with the highest volumes of in 2021 were China, Germany and the United States, together comprising 49% of global production. These countries were followed by Thailand, India, Indonesia, France, Austria, Brazil, South Africa, the Philippines and the UK, which together accounted for a further 39%.

What are the leading suppliers of sugars, sugar ethers and salts to the Dominican Republic?

In value terms, Denmark constituted the largest supplier of sugars to the Dominican Republic, comprising 45% of total imports. The second position in the ranking was occupied by South Africa, with a 16% share of total imports. It was followed by Germany, with a 13% share.

What is the average export price for sugars, sugar ethers and salts in the Dominican Republic?

In 2021, the average sugars export price amounted to $5,303 per ton, almost unchanged from the previous year.

What is the average import price for sugars, sugar ethers and salts in the Dominican Republic?

The average sugars import price stood at $4,050 per ton in 2021, dropping by -6.6% against the previous year.

This report provides an in-depth analysis of the sugars 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 21104000 - Sugars, pure (excluding glucose, etc.), sugar ethers and salts, etc.

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