Dominican Republic: Beer Market 2024

Beer Market Size in the Dominican Republic

The Dominican beer market reduced to $X in 2022, approximately mirroring the previous year. Overall, consumption, however, showed a prominent expansion. Beer consumption peaked at $X in 2021, and then dropped in the following year.

Beer Production in the Dominican Republic

In value terms, beer production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Beer production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Beer Exports

Exports from the Dominican Republic

In 2022, overseas shipments of beer increased by X% to X litres, rising for the second consecutive year after four years of decline. In general, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X litres in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, beer exports reduced rapidly to $X in 2022. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X litres), Cuba (X litres) and Belize (X litres) were the main destinations of beer exports from the Dominican Republic, with a combined X% share of total exports. France, Guatemala, Jamaica, Israel, Venezuela, Curacao, the Netherlands, San Marino and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Cuba ($X) and Belize ($X) appeared to be the largest markets for beer exported from the Dominican Republic worldwide, with a combined X% share of total exports. France, Curacao, Venezuela, Jamaica, Guatemala, Israel, the Netherlands, San Marino and the United States lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Venezuela, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average beer export price amounted to $X per litre, declining by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per litre in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Curacao ($X per litre), while the average price for exports to Guatemala ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beer Imports

Imports into the Dominican Republic

In 2022, approx. X litres of beer were imported into the Dominican Republic; growing by X% against 2021. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, beer imports reduced slightly to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, Mexico (X litres) constituted the largest beer supplier to the Dominican Republic, with a X% share of total imports. Moreover, beer imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X litres), twofold. The third position in this ranking was held by the Netherlands (X litres), with a X% share.

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

In value terms, Mexico ($X) constituted the largest supplier of beer to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average beer import price stood at $X per litre in 2022, with a decrease of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per litre in 2021, and then contracted dramatically in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per litre) and Portugal ($X per litre), while the price for Germany ($X per litre) and the Netherlands ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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