Dominican Republic: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in the Dominican Republic

The Dominican wine of fresh grapes market rose markedly to $X in 2022, increasing by 6.1% against the previous year. The market value increased at an average annual rate of +2.7% 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.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in the Dominican Republic

In value terms, wine of fresh grapes production reached $X in 2022 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 -3.6% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 58%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from the Dominican Republic

In 2022, approx. X litres of wine of fresh grapes (except sparkling wine) were exported from the Dominican Republic; reducing by -16.4% on the previous year. Over the period under review, exports showed a perceptible downturn. The growth pace was the most rapid in 2016 with an increase of 112% against the previous year. As a result, the exports attained the peak of X litres. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wine of fresh grapes exports declined modestly to $X in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by 176% against the previous year. As a result, the exports reached 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 of fresh grapes exports from the Dominican Republic, accounting for a 82% share of total exports. Moreover, wine of fresh grapes 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 totaled -4.9%.

In value terms, Haiti ($X) remains the key foreign market for wine of fresh grapes (except sparkling wine) exports from the Dominican Republic, comprising 78% of total exports. The second position in the ranking was taken by the United States ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Haiti totaled +3.7%.

Export Prices by Country

The average wine of fresh grapes export price stood at $X per litre in 2022, growing by 19% against the previous year. In general, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 54%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external 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 stood at $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 (+12.4%).

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in supplies from abroad of wine of fresh grapes (except sparkling wine), which increased by 41% to X litres in 2022. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, wine of fresh grapes imports skyrocketed to $X in 2022. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X litres) constituted the largest supplier of wine of fresh grapes to the Dominican Republic, with a 46% share of total imports. Moreover, wine of fresh grapes imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X litres), twofold. The third position in this ranking was taken by Chile (X litres), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.2% per year) and Chile (+4.5% per year).

In value terms, Spain ($X), the United States ($X) and France ($X) were the largest wine of fresh grapes suppliers to the Dominican Republic, together accounting for 80% of total imports. Chile, Italy, Australia and Argentina lagged somewhat behind, together accounting for a further 18%.

Australia, with a CAGR of +25.4%, 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 wine of fresh grapes import price stood at $X per litre in 2022, with a decrease of -16% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 45% 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 remained at a lower figure.

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 the United States ($X per litre), while the price for Chile ($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 (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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