Dominican Republic: Market for Chocolate Bars With Fillings 2022

Market Size for Chocolate Bars With Fillings in the Dominican Republic

In 2021, the Dominican chocolate bar with filling market decreased by -15.7% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.6% against 2018 indices. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Production of Chocolate Bars With Fillings in the Dominican Republic

In value terms, chocolate bar with filling production shrank significantly to $X in 2021 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +59.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 98%. As a result, production reached the peak level of $X, and then reduced rapidly in the following year.

Exports of Chocolate Bars With Fillings

Exports from the Dominican Republic

In 2021, exports of chocolate bars with fillings from the Dominican Republic totaled X tons, remaining constant against 2020 figures. Overall, exports saw a relatively flat trend pattern. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, chocolate bar with filling exports totaled $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for chocolate bar with filling exports from the Dominican Republic, accounting for a 88% share of total exports. Moreover, chocolate bar with filling exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), more than tenfold.

From 2021 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (0.0% per year) and Spain (0.0% per year).

From 2021 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (0.0% per year) and Spain (0.0% per year).

Imports of Chocolate Bars With Fillings

Imports into the Dominican Republic

In 2021, overseas purchases of chocolate bars with fillings were finally on the rise to reach X tons after three years of decline. Over the period under review, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling imports soared to $X in 2021. Overall, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest chocolate bar with filling supplier to the Dominican Republic, with a 52% share of total imports. Moreover, chocolate bar with filling imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was held by Canada (X tons), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.7% per year) and Canada (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of chocolate bar with filling to the Dominican Republic, comprising 64% of total imports. The second position in the ranking was held by Turkey ($X), with a 9.4% share of total imports. It was followed by Canada, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.6% per year) and Canada (0.0% per year).

Import Prices by Country

The average chocolate bar with filling import price stood at $X per ton in 2021, growing by 108% against the previous year. Overall, the import price enjoyed a pronounced expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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