Price for Wine; Still, in Containers Holding More than 2 Litres in the Dominican Republic - 2023

Contents:

  1. Price for Wine; Still, in Containers Holding More than 2 Litres in the Dominican Republic (CIF) - 2022
  2. Price for Wine; Still, in Containers Holding More than 2 Litres in the Dominican Republic (FOB) - 2022
  3. Imports of Wine; Still, in Containers Holding More than 2 Litres in the Dominican Republic
  4. Exports of Wine; Still, in Containers Holding More than 2 Litres in the Dominican Republic

Price for Wine; Still, in Containers Holding More than 2 Litres in the Dominican Republic (CIF) - 2022

The average import price for wine; still, in containers holding more than 2 litreses stood at $3.1 per litre in 2022, growing by 4.7% against the previous year. Over the period under review, the import price saw a resilient increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 81%. The import price peaked at $3.7 per litre in 2018; however, from 2019 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 Spain ($3.2 per litre), while the price for Italy ($1.9 per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+41.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wine; Still, in Containers Holding More than 2 Litres in the Dominican Republic (FOB) - 2022

The average export price for wine; still, in containers holding more than 2 litreses stood at $2.2 per litre in 2022, flattening at the previous year. In general, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 109% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2.6 per litre), while the average price for exports to Italy ($0.6 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 the United States (+13.9%), while the prices for the other major destinations experienced a decline.

Imports of Wine; Still, in Containers Holding More than 2 Litres in the Dominican Republic

Imports of wine; still, in containers holding more than 2 litreses into the Dominican Republic declined to 1.3M litres in 2022, with a decrease of -11.7% against the previous year's figure. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 73%. As a result, imports reached the peak of 1.4M litres, and then reduced in the following year.

In value terms, imports of wine; still, in containers holding more than 2 litreses declined to $4M in 2022. Over the period under review, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. As a result, imports attained the peak of $4.3M, and then shrank in the following year.

Import of Wine; Still, in Containers Holding More than 2 Litres in the Dominican Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain2.32.44.33.919.2%
Others0.10.1N/A0.10.0%
Total2.42.44.34.018.6%

Top Suppliers of Wine; Still, in Containers Holding More than 2 Litres to the Dominican Republic in 2022:

  1. Spain (1246.8K litres)

Exports of Wine; Still, in Containers Holding More than 2 Litres in the Dominican Republic

In 2022, shipments abroad of wine; still, in containers holding more than 2 litreses decreased by 0% to 54K litres for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of wine; still, in containers holding more than 2 litreses amounted to $121K in 2022. In general, exports showed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see steady growth in the near future.

Export of Wine; Still, in Containers Holding More than 2 Litres in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A1150%
ItalyN/AN/AN/A4.50%
GermanyN/AN/AN/A1.90%
Others0.1N/AN/AN/A0%
Total0.1N/AN/A121965.6%

Top Export Markets for Wine; Still, in Containers Holding More than 2 Litres from the Dominican Republic in 2022:

  1. United States (44.1K litres)
  2. Italy (7.8K litres)
  3. Germany (2.1K litres)

Source: IndexBox Market Intelligence Platform

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