Dominican Republic - Vodka - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDominican 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 expanded markedly to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a strong increase. Consumption of peaked in 2023 and is expected to retain growth in the near future.
Production of Spirits, Liqueurs And Other Spirituous Beverages in the Dominican Republic
In value terms, production of spirits, liqueurs and other spirituous beverages rose modestly to $X in 2023 estimated in export price. In general, production saw a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.
Exports of Spirits, Liqueurs And Other Spirituous Beverages
Exports from the Dominican Republic
In 2023, shipments abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports of reached the maximum at X litres in 2021; however, from 2022 to 2023, the exports remained at a lower figure.
In value terms, exports of spirits, liqueurs and other spirituous beverages contracted notably to $X in 2023. In general, exports, however, continue to indicate resilient growth. 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 $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
The United States (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from the Dominican Republic, with a X% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to the United States exceeded the volume sent to the second major destination, Colombia (X litres), fourfold. The third position in this ranking was held by Chile (X litres), with a X% share.
From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Chile (X% per year).
In value terms, the largest markets for spirits, liqueurs and other spirituous beverages exported from the Dominican Republic were the United States ($X), Colombia ($X) and Chile ($X), together comprising X% of total exports.
In terms of the main countries of destination, Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to 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
In 2023, the average export price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. The export price peaked at $X per litre in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($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 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
In 2023, overseas purchases of spirits, liqueurs and other spirituous beverages decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of X litres, and then fell in the following year.
In value terms, imports of spirits, liqueurs and other spirituous beverages contracted remarkably to $X in 2023. Overall, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2022, and then shrank remarkably in the following year.
Imports by Country
Mexico (X litres), Italy (X litres) and Latvia (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to the Dominican Republic, together accounting for X% of total imports. France, the United States, Spain, Costa Rica, Ireland, Sweden and Russia lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Mexico ($X), Italy ($X) and France ($X) constituted the largest spirits, liqueurs and other spirituous beverages suppliers to the Dominican Republic, together accounting for X% of total imports. Latvia, the United States, Ireland, Spain, Costa Rica, Sweden and Russia lagged somewhat behind, together accounting for a further X%.
Costa Rica, 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 2023, the average import price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, falling by X% against the previous year. Overall, the import price saw a slight reduction. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per litre, and then contracted rapidly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Ireland ($X per litre), while the price for Costa Rica ($X per litre) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for spirits, liqueurs and other spirituous beverages in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11011063 - Vodka of an alcoholic strength by volume of . .45,4 % (important: excluding alcohol duty)
- Prodcom 11011065 - Spirits distilled from fruit (excluding liqueurs, gin, geneva, g rape wine or grape marc (important: excluding alcohol duty))
- Prodcom 11011070 - Pure alcohols (important: excluding alcohol duty)
- Prodcom 11011080 - Spirits, liqueurs and other spirituous beverages (excluding spirits distilled from grape wine, grape marc or fruit/whisky, r um, tafia, gin and geneva, spirits distilled from fruit)
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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