Dominican Republic: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in the Dominican Republic

In 2022, the Dominican market for candies, sweets, and nonchocolate confectionery increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption recorded a relatively flat trend pattern. Candy, sweets, and nonchocolate confectionery consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in the Dominican Republic

In value terms, candy, sweets, and nonchocolate confectionery production expanded to $X in 2022 estimated in export price. In general, production, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from the Dominican Republic

In 2022, after four years of growth, there was significant decline in shipments abroad of candies, sweets, and nonchocolate confectionery, when their volume decreased by X% to X tons. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, candy, sweets, and nonchocolate confectionery exports soared to $X in 2022. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Haiti (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from the Dominican Republic, with a X% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. The third position in this ranking was held by Suriname (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Suriname (X% per year).

In value terms, Haiti ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, picking up by X% against the previous year. Overall, the export price enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Haiti ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into the Dominican Republic

Candy, sweets, and nonchocolate confectionery imports into the Dominican Republic was estimated at X tons in 2022, growing by X% compared with the previous year's figure. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, candy, sweets, and nonchocolate confectionery imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Guatemala (X tons), Mexico (X tons) and Colombia (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to the Dominican Republic, together accounting for X% of total imports. El Salvador, Costa Rica, Brazil, Turkey, the United States, Honduras and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest candy, sweets, and nonchocolate confectionery suppliers to the Dominican Republic were Guatemala ($X), Mexico ($X) and Colombia ($X), together comprising X% of total imports. The United States, El Salvador, Brazil, Turkey, Costa Rica, Spain and Honduras lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a pronounced contraction. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :