Price for Sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa in the Dominican Republic - 2023
Contents:
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the Dominican Republic (CIF) - 2023
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the Dominican Republic (FOB) - 2022
- Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the Dominican Republic
- Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the Dominican Republic
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the Dominican Republic (CIF) - 2023
The average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $2,600 per ton in March 2023, with an increase of 10% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in August 2022 an increase of 25% m-o-m. Over the period under review, average import prices attained the maximum at $2,844 per ton in October 2022; however, from November 2022 to March 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9,816 per ton), while the price for India ($1,463 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the Dominican Republic (FOB) - 2022
The average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $4,911 per ton in 2022, rising by 49% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa increased by +58.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 76% against the previous year. The export price peaked at $5,531 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($6,859 per ton), while the average price for exports to Haiti ($4,239 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 Haiti (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the Dominican Republic
In 2022, the amount of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa imported into the Dominican Republic totaled 23K tons, therefore, remained relatively stable against the previous year's figure. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa surged to $54M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 9.1 | 7.7 | 11.2 | 12.3 | 10.6% |
| Mexico | 6.7 | 4.7 | 6.0 | 8.0 | 6.1% |
| Colombia | 4.8 | 5.2 | 6.3 | 7.2 | 14.5% |
| United States | 4.9 | 3.9 | 4.5 | 5.2 | 2.0% |
| El Salvador | 2.3 | 2.0 | 3.2 | 3.6 | 16.1% |
| Brazil | 1.6 | 1.9 | 2.5 | 3.3 | 27.3% |
| Turkey | 3.2 | 2.7 | 3.2 | 3.1 | -1.1% |
| Costa Rica | 1.4 | 1.4 | 2.2 | 3.0 | 28.9% |
| China | 1.8 | 0.8 | 0.6 | 1.9 | 1.8% |
| Others | 4.9 | 4.2 | 5.3 | 6.5 | 9.9% |
| Total | 40.7 | 34.7 | 45.0 | 54.2 | 10.0% |
Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to the Dominican Republic in 2022:
- Guatemala (5.8K tons)
- Colombia (3.3K tons)
- Mexico (3.1K tons)
- El Salvador (1.9K tons)
- Costa Rica (1.9K tons)
- Brazil (1.8K tons)
- Turkey (1.6K tons)
- United States (0.8K tons)
- China (0.7K tons)
Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the Dominican Republic
In 2022, shipments abroad of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa decreased by -30.7% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 100% against the previous year.
In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa rose slightly to $5.4M in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 83%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 499 | 2,068 | 4,119 | 2,907 | 79.9% |
| United States | 906 | 542 | 640 | 755 | -5.9% |
| Switzerland | 318 | 180 | 351 | 351 | 3.3% |
| Jamaica | N/A | 0.4 | N/A | 274 | 2517.3% |
| Suriname | N/A | N/A | N/A | 266 | 0% |
| Others | 134 | 99.5 | 166 | 885 | 87.6% |
| Total | 1,857 | 2,890 | 5,277 | 5,437 | 43.1% |
Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from the Dominican Republic in 2022:
- Haiti (685.7 tons)
- United States (144.7 tons)
- Switzerland (51.1 tons)
- Suriname (48.5 tons)
- Jamaica (41.3 tons)
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