Dominican Republic - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cocoa Powder with Sugar in the Dominican Republic - 2023
Contents:
- Price for Cocoa Powder with Sugar in the Dominican Republic (FOB) - 2022
- Price for Cocoa Powder with Sugar in the Dominican Republic (CIF) - 2023
- Exports of Cocoa Powder with Sugar in the Dominican Republic
- Imports of Cocoa Powder with Sugar in the Dominican Republic
Price for Cocoa Powder with Sugar in the Dominican Republic (FOB) - 2022
In 2022, the average cocoa powder with sugar export price amounted to $3,841 per ton, picking up by 6.1% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa powder with sugar export price decreased by -25.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 36% against the previous year. Over the period under review, the average export prices hit record highs at $5,161 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($5,973 per ton), while the average price for exports to the United States ($2,935 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cocoa Powder with Sugar in the Dominican Republic (CIF) - 2023
In March 2023, the average cocoa powder with sugar import price amounted to $2,450 per ton, falling by -29.8% against the previous month. Over the period under review, the import price showed a pronounced descent. The growth pace was the most rapid in July 2022 an increase of 270% m-o-m. As a result, import price reached the peak level of $12,125 per ton. From August 2022 to March 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($8,318 per ton), while the price for Brazil ($1,803 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cocoa Powder with Sugar in the Dominican Republic
In 2022, the amount of cocoa powder (containing added sugar) exported from the Dominican Republic surged to 564 tons, with an increase of 38% against the previous year's figure. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 149% against the previous year. As a result, the exports reached the peak of 723 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cocoa powder with sugar exports surged to $2.2M in 2022. Over the period under review, exports posted buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by 112% against the previous year. As a result, the exports reached the peak of $2.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cocoa Powder with Sugar in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 418 | 1,624 | 771 | 1,087 | 37.5% |
| Haiti | 714 | 1,080 | 487 | 885 | 7.4% |
| Austria | 60.1 | 63.5 | 61.4 | 73.2 | 6.8% |
| Others | 158 | 91.5 | 156 | 122 | -8.3% |
| Total | 1,351 | 2,859 | 1,475 | 2,167 | 17.1% |
Top Export Markets for Cocoa Powder with Sugar from the Dominican Republic in 2022:
- United States (370.3 tons)
- Haiti (162.5 tons)
- Austria (12.3 tons)
Imports of Cocoa Powder with Sugar in the Dominican Republic
In 2022, purchases abroad of cocoa powder (containing added sugar) was finally on the rise to reach 418 tons after two years of decline. Over the period under review, imports, however, recorded a deep reduction.
In value terms, cocoa powder with sugar imports stood at $974K in 2022. Overall, imports, however, saw a deep downturn.
| Import of Cocoa Powder with Sugar in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 294 | 342 | 384 | 363 | 7.3% |
| Guatemala | 749 | 436 | 277 | 310 | -25.5% |
| United States | 105 | 123 | 185 | 124 | 5.7% |
| Spain | 31.6 | 37.2 | 36.6 | 64.8 | 27.0% |
| Mexico | 37.8 | 33.6 | 29.6 | 25.0 | -12.9% |
| Others | 31.7 | 22.4 | 39.9 | 87.2 | 40.1% |
| Total | 1,249 | 995 | 952 | 974 | -8.0% |
Top Suppliers of Cocoa Powder with Sugar to the Dominican Republic in 2022:
- Brazil (205.6 tons)
- Guatemala (144.8 tons)
- United States (32.4 tons)
- Spain (13.1 tons)
- Mexico (5.8 tons)
This report provides an in-depth analysis of the market for cocoa powder with sugar 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 10821400 - Cocoa powder, containing added sugar or other sweetening matter
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
-
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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