Dominican Republic: Vinegar Market 2024

Vinegar Market Size in the Dominican Republic

The Dominican vinegar market dropped to $X in 2022, shrinking by X% against the previous year. Overall, consumption saw a noticeable downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Vinegar Production in the Dominican Republic

In value terms, vinegar production contracted to $X in 2022 estimated in export price. Overall, production recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Vinegar Exports

Exports from the Dominican Republic

In 2022, approx. X tons of vinegar were exported from the Dominican Republic; declining by X% compared with the previous year's figure. Overall, exports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, vinegar exports soared to $X in 2022. Over the period under review, exports saw a noticeable decline. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for vinegar exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, vinegar exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti 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 Curacao (X% per year).

In value terms, Haiti ($X) remains the key foreign market for vinegar exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

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

Export Prices by Country

The average vinegar export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti ($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 Curacao (X%), while the prices for the other major destinations experienced a decline.

Vinegar Imports

Imports into the Dominican Republic

After three years of growth, overseas purchases of vinegar decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined sharply in the following year.

In value terms, vinegar imports expanded modestly to $X in 2022. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of vinegar to the Dominican Republic, with a X% share of total imports. Moreover, vinegar imports from the United States exceeded the figures recorded by the second-largest supplier, Panama (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of vinegar to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

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

Import Prices by Country

The average vinegar import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; afterwards, it flattened through to 2022.

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 Italy ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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