Report Update Nov 1, 2024

Dominican Republic - Whisky - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Whisky Market 2024

Whisky Exports

Exports from the Dominican Republic

After two years of growth, overseas shipments of whisky decreased by -38.5% to X litres in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 3,382% against the previous year. Over the period under review, the exports reached the maximum at X litres in 2021, and then shrank significantly in the following year.

In value terms, whisky exports contracted sharply to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 1,400% against the previous year. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Haiti (X litres), the United States (X litres) and Vietnam (X litres) were the main destinations of whisky exports from the Dominican Republic, with a combined 96% share of total exports. These countries were followed by Colombia, which accounted for a further 3%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +139.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for whisky exported from the Dominican Republic were the United States ($X), Haiti ($X) and Vietnam ($X), together comprising 92% of total exports. Colombia lagged somewhat behind, comprising a further 4.9%.

Colombia, with a CAGR of +275.6%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average whisky export price amounted to $X per litre, picking up by 31% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 70% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per litre), while the average price for exports to Vietnam ($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 (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Whisky Imports

Imports into the Dominican Republic

In 2022, approx. X litres of whisky were imported into the Dominican Republic; picking up by 27% on the previous year's figure. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 106% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, whisky imports surged to $X in 2022. Overall, imports enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of 146% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the UK (X litres) was the main supplier of whisky to the Dominican Republic, with a 94% share of total imports. It was followed by the United States (X litres), with a 2.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.4% per year) and Canada (+38.8% per year).

In value terms, the UK ($X) constituted the largest supplier of whisky to the Dominican Republic, comprising 95% of total imports. The second position in the ranking was held by the United States ($X), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.7% per year) and Canada (+34.4% per year).

Import Prices by Country

The average whisky import price stood at $X per litre in 2022, rising by 2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 an increase of 19%. The import price peaked at $X per litre in 2016; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for whisky in the world?

The countries with the highest volumes of in 2021 were the United States, India and Japan, with a combined 29% share of global consumption. Indonesia, Canada, France, the UK, Russia, Pakistan, Bangladesh, Brazil, Iran and Thailand lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of whisky in the world?

The country with the largest volume of whisky production was the UK, comprising approx. 40% of total volume. Moreover, whisky production in the UK exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 10% share.

What are the leading suppliers of whisky to the Dominican Republic?

In value terms, the UK constituted the largest supplier of whisky to the Dominican Republic, comprising 91% of total imports. The second position in the ranking was occupied by the United States, with a 3.9% share of total imports. It was followed by Panama, with a 2.9% share.

What are the leading importers of whisky from the Dominican Republic?

In value terms, Haiti remains the key foreign market for whisky exports from the Dominican Republic, comprising 51% of total exports. The second position in the ranking was occupied by the United States, with an 18% share of total exports. It was followed by Portugal, with a 12% share.

What is the average export price for whisky in the Dominican Republic?

In 2021, the average whisky export price amounted to $4.2 per litre, rising by 7.1% against the previous year.

What is the average import price for whisky in the Dominican Republic?

The average whisky import price stood at $7.7 per litre in 2021, falling by -4.1% against the previous year.

This report provides an in-depth analysis of the whisky 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 11011030 - Whisky (important: excluding alcohol duty)

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