Dominican Republic - Vodka - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Spirits, Liqueurs and Other Spirituous Beverages in the Dominican Republic - 2023
Contents:
- Price for Spirits, Liqueurs and Other Spirituous Beverages in the Dominican Republic (CIF) - 2023
- Price for Spirits, Liqueurs and Other Spirituous Beverages in the Dominican Republic (FOB) - 2023
- Imports of Spirits, Liqueurs and Other Spirituous Beverages in the Dominican Republic
- Exports of Spirits, Liqueurs and Other Spirituous Beverages in the Dominican Republic
Price for Spirits, Liqueurs and Other Spirituous Beverages in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for spirits, liqueurs and other spirituous beverages amounted to $6.7 per litre, rising by 63% against the previous month. Overall, the import price, however, continues to indicate a perceptible downturn. Over the period under review, average import prices attained the maximum at $15.2 per litre in May 2022; however, from June 2022 to March 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($15.5 per litre), while the price for Spain ($3.4 per litre) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spirits, Liqueurs and Other Spirituous Beverages in the Dominican Republic (FOB) - 2023
The average export price for spirits, liqueurs and other spirituous beverages stood at $4.6 per litre in March 2023, growing by 119% against the previous month. Over the period under review, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From March 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to +14.1% per month.
Imports of Spirits, Liqueurs and Other Spirituous Beverages in the Dominican Republic
In 2022, the amount of spirits, liqueurs and other spirituous beverages imported into the Dominican Republic declined remarkably to 6M litres, dropping by -16.4% on the previous year's figure. In general, imports recorded a slight decline. The pace of growth was the most pronounced in 2021 when imports increased by 85%. As a result, imports reached the peak of 7.2M litres, and then shrank remarkably in the following year.
In value terms, imports of spirits, liqueurs and other spirituous beverages soared to $48M in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 133% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Spirits, Liqueurs and Other Spirituous Beverages in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 3.8 | 2.6 | 8.7 | 16.3 | 62.5% |
| Italy | 1.1 | 1.6 | 7.1 | 12.2 | 123.0% |
| France | 2.9 | 1.1 | 2.8 | 3.8 | 9.4% |
| United States | 1.6 | 1.5 | 2.2 | 3.6 | 31.0% |
| Latvia | 1.6 | 0.9 | 2.4 | 3.6 | 31.0% |
| Ireland | 2.7 | 1.2 | 2.3 | 3.2 | 5.8% |
| Spain | 0.9 | 0.5 | 1.1 | 2.0 | 30.5% |
| Sweden | 0.9 | 0.3 | 0.7 | 1.2 | 10.1% |
| Costa Rica | 2.7 | 2.1 | 0.9 | 1.0 | -28.2% |
| Others | 1.2 | 0.5 | 0.8 | 1.5 | 7.7% |
| Total | 19.3 | 12.5 | 29.0 | 48.5 | 36.0% |
Top Suppliers of Spirits, Liqueurs and Other Spirituous Beverages to the Dominican Republic in 2022:
- Italy (5.7M litres)
- Mexico (2.3M litres)
- Latvia (0.7M litres)
- Spain (0.7M litres)
- France (0.6M litres)
- Ireland (0.6M litres)
- United States (0.4M litres)
- Costa Rica (0.3M litres)
- Sweden (0.3M litres)
Exports of Spirits, Liqueurs and Other Spirituous Beverages in the Dominican Republic
After three years of growth, overseas shipments of spirits, liqueurs and other spirituous beverages decreased by -41.6% to 8M litres in 2022. In general, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 44%. As a result, the exports reached the peak of 14M litres, and then reduced remarkably in the following year.
In value terms, exports of spirits, liqueurs and other spirituous beverages reduced rapidly to $10M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of $13M, and then declined remarkably in the following year.
| Export of Spirits, Liqueurs and Other Spirituous Beverages in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 0.1 | N/A | 3.2 | 5.1 | 270.8% |
| United States | 4.8 | 6.9 | 8.1 | 4.5 | -2.1% |
| Chile | 1.9 | 0.7 | 0.5 | N/A | -48.7% |
| Panama | 0.4 | 0.5 | 0.2 | N/A | -29.3% |
| Others | 1.9 | 1.7 | 1.0 | 0.5 | -35.9% |
| Total | 9.1 | 9.9 | 12.9 | 10.1 | 3.5% |
Top Export Markets for Spirits, Liqueurs and Other Spirituous Beverages from the Dominican Republic in 2022:
- United States (5.8M litres)
- Colombia (2.0M litres)
This report provides an in-depth analysis of the market for spirits, liqueurs and other spirituous beverages 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 11011063 - Vodka of an alcoholic strength by volume of . .45,4 % (important: excluding alcohol duty)
- Prodcom 11011065 - Spirits distilled from fruit (excluding liqueurs, gin, geneva, g rape wine or grape marc (important: excluding alcohol duty))
- Prodcom 11011070 - Pure alcohols (important: excluding alcohol duty)
- Prodcom 11011080 - Spirits, liqueurs and other spirituous beverages (excluding spirits distilled from grape wine, grape marc or fruit/whisky, r um, tafia, gin and geneva, spirits distilled from fruit)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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