Dominican Republic: Wine Market 2024

Wine Market Size in the Dominican Republic

In 2022, the Dominican wine market increased by X% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Wine Production in the Dominican Republic

In value terms, wine production expanded to $X in 2022 estimated in export price. In general, the total production indicated a pronounced expansion 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced 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 failed to regain momentum.

Wine Exports

Exports from the Dominican Republic

In 2022, wine exports from the Dominican Republic shrank markedly to X litres, dropping by X% compared with the year before. Over the period under review, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X litres. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, wine exports dropped slightly to $X in 2022. In general, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Haiti (X litres) was the main destination for wine exports from the Dominican Republic, with a X% share of total exports. Moreover, wine exports to Haiti exceeded the volume sent to the second major destination, the United States (X litres), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti amounted to X%.

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

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to X%.

Export Prices by Country

In 2022, the average wine export price amounted to $X per litre, growing by X% against the previous year. Over the period under review, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Haiti totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Wine Imports

Imports into the Dominican Republic

In 2022, approx. X litres of wine and grape must were imported into the Dominican Republic; picking up by X% on 2021. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, wine imports surged to $X in 2022. Overall, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X litres) constituted the largest wine supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, wine imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X litres), twofold. France (X litres) ranked third in terms of total imports with a X% share.

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

In value terms, the largest wine suppliers to the Dominican Republic were Spain ($X), the United States ($X) and France ($X), with a combined X% share of total imports. Italy, Chile, Argentina and Australia lagged somewhat behind, together accounting for a further X%.

Australia, with a CAGR of X%, 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

In 2022, the average wine import price amounted to $X per litre, which is down by X% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price 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, wine import price decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per litre in 2018; however, from 2019 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 ($X per litre), while the price for Chile ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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