Key Market Indicators
The consumption of alcoholic drinks in the Dominican Republic is projected to decrease to approximately 29,000 metric tons by 2028, down from 31,000 metric tons in 2023. This marks an annual decline of 1.2% in Compound Annual Growth Rate (CAGR). Since 2019, the demand for alcoholic beverages in the country has consistently fallen at the same rate. In 2023, the Dominican Republic ranked 45th globally in terms of alcoholic drink consumption, with Guatemala slightly ahead at 31,000 metric tons. The top three countries in this category were India, Japan, and Russia, respectively. On the export front, the Dominican Republic's alcoholic drink exports are expected to grow. By 2028, the export value is projected to reach around $211 million, up from $187 million in 2023. This represents an annual growth rate of 2% in CAGR. Since 2001, the country's supply in this sector has increased by 2.9% each year.
