Liqueurs and Cordials Price in the Dominican Republic - 2023
Contents:
- Liqueurs and Cordials Price in the Dominican Republic (CIF) - 2022
- Liqueurs and Cordials Price in the Dominican Republic (FOB) - 2022
- Liqueurs and Cordials Imports in the Dominican Republic
- Liqueurs and Cordials Exports in the Dominican Republic
Liqueurs and Cordials Price in the Dominican Republic (CIF) - 2022
The average liqueurs and cordials import price stood at $5 per litre in 2022, falling by -11.7% against the previous year. Over the period under review, the import price showed a slight curtailment. The growth pace was the most rapid in 2018 an increase of 53%. As a result, import price attained the peak level of $13 per litre. From 2019 to 2022, the average import prices remained 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 France ($9.6 per litre), while the price for South Korea ($2.6 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in the Dominican Republic (FOB) - 2022
In 2022, the average liqueurs and cordials export price amounted to $2.3 per litre, surging by 2.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 40%. Over the period under review, the average export prices attained the maximum at $3.5 per litre in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($2.5 per litre), while the average price for exports to the United States amounted to $1.4 per litre.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in the Dominican Republic
In 2022, the amount of liqueurs and cordialses imported into the Dominican Republic surged to 1.8M litres, growing by 94% compared with the previous year's figure. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, liqueurs and cordials imports skyrocketed to $8.9M in 2022. In general, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Liqueurs and Cordials in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 2,650 | 1,249 | 2,266 | 3,219 | 6.7% |
| Italy | 1,084 | 753 | 741 | 1,839 | 19.3% |
| Spain | 715 | 374 | 892 | 1,684 | 33.0% |
| France | 585 | 228 | 562 | 1,144 | 25.1% |
| Mexico | 221 | 124 | 284 | 404 | 22.3% |
| Barbados | 93.5 | 177 | 183 | 273 | 42.9% |
| United States | 154 | 91.6 | 175 | 175 | 4.4% |
| South Korea | 18.6 | 12.9 | 47.1 | 107 | 79.2% |
| Others | 129 | 90.3 | 64.2 | 94.9 | -9.7% |
| Total | 5,650 | 3,100 | 5,215 | 8,940 | 16.5% |
Top Suppliers of Liqueurs and Cordials to the Dominican Republic in 2022:
- Ireland (618.9K litres)
- Spain (607.3K litres)
- Italy (223.1K litres)
- France (118.9K litres)
- United States (63.5K litres)
- Mexico (56.1K litres)
- South Korea (41.1K litres)
- Barbados (38.5K litres)
Liqueurs and Cordials Exports in the Dominican Republic
In 2022, liqueurs and cordials exports from the Dominican Republic soared to 2.6M litres, rising by 58% on 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,261% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, liqueurs and cordials exports skyrocketed to $5.9M in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,123%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Liqueurs and Cordials in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | N/A | N/A | 3.2 | 5.1 | 59.4% |
| United States | 0.6 | 0.2 | 0.3 | 0.7 | 5.3% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 0.7 | 0.3 | 3.7 | 5.9 | 103.5% |
Top Export Markets for Liqueurs and Cordials from the Dominican Republic in 2022:
- Colombia (2020.0K litres)
- United States (522.6K litres)
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