Wine Lees; Argol Price in the Dominican Republic - 2022

Wine Lees; Argol Price in the Dominican Republic (CIF) - 2022

In 2022, the average wine lees; argol import price amounted to $4,744 per ton, approximately mirroring the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine lees; argol import price decreased by +0.0% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 33% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.5% per year.

Wine Lees; Argol Imports in the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in purchases abroad of wine lees; argol, which increased by 20% to 27 tons in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wine lees; argol imports soared to $129K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Imports peaked in 2022 and are expected to retain growth in the near future.