Dominican Republic: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in the Dominican Republic

The Dominican sugary soft drink market totaled $X in 2022, remaining relatively unchanged against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +44.7% against 2017 indices. Sugary soft drink consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Sugary Soft Drink Production in the Dominican Republic

In value terms, sugary soft drink production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 30%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Sugary Soft Drink Exports

Exports from the Dominican Republic

In 2022, overseas shipments of sugary soft drinks decreased by -5.7% to X litres, falling for the fifth year in a row after four years of growth. Over the period under review, exports, however, showed measured growth. The most prominent rate of growth was recorded in 2017 when exports increased by 222%. As a result, the exports attained the peak of X litres. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, sugary soft drink exports dropped to $X in 2022. Overall, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of 193%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Curacao (X litres), the United States (X litres) and Cuba (X litres) were the main destinations of sugary soft drink exports from the Dominican Republic, together comprising 56% of total exports. Haiti, the Netherlands, Aruba and Turks and Caicos Islands lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Aruba (with a CAGR of +159.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugary soft drink exported from the Dominican Republic were the United States ($X), Cuba ($X) and Haiti ($X), with a combined 48% share of total exports. Curacao, Aruba, the Netherlands and Turks and Caicos Islands lagged somewhat behind, together comprising a further 30%.

Aruba, with a CAGR of +106.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sugary soft drink export price stood at $X per litre in 2022, declining by -6.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 43%. Over the period under review, the average export prices attained the peak figure at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turks and Caicos Islands ($X per litre), while the average price for exports to Curacao ($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 Curacao (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Sugary Soft Drink Imports

Imports into the Dominican Republic

In 2022, the amount of sugary soft drinks imported into the Dominican Republic surged to X litres, rising by 44% against the year before. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 63%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sugary soft drink imports soared to $X in 2022. Over the period under review, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X litres) constituted the largest supplier of sugary soft drink to the Dominican Republic, with a 39% share of total imports. Moreover, sugary soft drink imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X litres), twofold. The third position in this ranking was held by Austria (X litres), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+54.4% per year) and Austria (+9.3% per year).

In value terms, the largest sugary soft drink suppliers to the Dominican Republic were Italy ($X), Austria ($X) and the United States ($X), together accounting for 74% of total imports. Guatemala, Thailand, Trinidad and Tobago and South Korea lagged somewhat behind, together comprising a further 18%.

South Korea, with a CAGR of +119.5%, saw the highest rates of growth with regard to 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

In 2022, the average sugary soft drink import price amounted to $X per litre, increasing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 28%. The import price peaked 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 Thailand ($X per litre), while the price for the United States ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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