Dominican Republic: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in the Dominican Republic

The Dominican market for spirits, liqueurs and other spirituous beverages skyrocketed to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Spirits, Liqueurs And Other Spirituous Beverages in the Dominican Republic

In value terms, production of spirits, liqueurs and other spirituous beverages stood at $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from the Dominican Republic

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages decreased by X% to X litres for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X litres in 2021, and then dropped rapidly in the following year.

In value terms, exports of spirits, liqueurs and other spirituous beverages fell notably to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from the Dominican Republic, accounting for a X% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to the United States exceeded the volume sent to the second major destination, Colombia (X litres), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, Colombia ($X) and the United States ($X) constituted the largest markets for spirits, liqueurs and other spirituous beverages exported from the Dominican Republic worldwide.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average export price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, surging by X% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The export price peaked at $X per litre in 2016; however, from 2017 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 Colombia ($X per litre), while the average price for exports to the United States amounted to $X per litre.

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

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into the Dominican Republic

Imports of spirits, liqueurs and other spirituous beverages into the Dominican Republic soared to X litres in 2022, with an increase of X% against 2021. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of spirits, liqueurs and other spirituous beverages skyrocketed to $X in 2022. Over the period under review, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Italy (X litres) constituted the largest spirits, liqueurs and other spirituous beverages supplier to the Dominican Republic, with a X% share of total imports. Moreover, imports of spirits, liqueurs and other spirituous beverages from Italy exceeded the figures recorded by the second-largest supplier, Mexico (X litres), twofold. The third position in this ranking was held by Spain (X litres), with a X% share.

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

In value terms, the largest spirits, liqueurs and other spirituous beverages suppliers to the Dominican Republic were Mexico ($X), Italy ($X) and France ($X), with a combined X% share of total imports. Latvia, the United States, Ireland, Spain, Sweden, the UK and Russia lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 spirits, liqueurs and other spirituous beverages amounted to $X per litre, picking up by X% against the previous year. Overall, the import price, however, recorded a mild downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per litre in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 ($X per litre), while the price for Italy ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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