Dominican Republic: Beer Market 2024

Beer Market Size in the Dominican Republic

The Dominican beer market rose to $X in 2023, surging by X% against the previous year. Over the period under review, consumption, however, showed prominent growth. Beer consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Beer Production in the Dominican Republic

In value terms, beer production stood at $X in 2023 estimated in export price. Overall, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Beer Exports

Exports from the Dominican Republic

Beer exports from the Dominican Republic contracted dramatically to X litres in 2023, which is down by X% compared with the year before. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X litres in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, beer exports dropped significantly to $X in 2023. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Panama (X litres), Cuba (X litres) and the United States (X litres) were the main destinations of beer exports from the Dominican Republic, together comprising X% of total exports. Venezuela, Costa Rica, France, British Virgin Islands, Curacao and Aruba lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Cuba ($X) and Venezuela ($X) were the largest markets for beer exported from the Dominican Republic worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Venezuela, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average beer export price stood at $X per litre in 2023, growing by X% against the previous year. In general, the export price saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per litre), while the average price for exports to the United States ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beer Imports

Imports into the Dominican Republic

Beer imports into the Dominican Republic shrank dramatically to X litres in 2023, declining by X% against the previous year's figure. Overall, imports, however, recorded a strong increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X litres. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, beer imports fell markedly to $X in 2023. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Mexico (X litres) constituted the largest supplier of beer to the Dominican Republic, with a X% share of total imports. Moreover, beer imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X litres), fivefold. The third position in this ranking was taken by the Netherlands (X litres), with an X% share.

From 2012 to 2023, the average annual growth rate of volume from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of beer to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2023, the average annual growth rate of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average beer import price stood at $X per litre in 2023, surging by X% against the previous year. Overall, the import price posted a pronounced increase. The growth pace was the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per litre. From 2019 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per litre), while the price for Mexico ($X per litre) was amongst the lowest.

From 2012 to 2023, 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 more modest paces of growth.

Source: IndexBox Platform