Honey market in Dominican Republic

Earlier Report Observations

The honey market in the Dominican Republic experienced a period of significant expansion from 2018 to 2022, with volume growing by over 75% from 459 to 804 tons. This growth was led by a major surge of more than 50% in 2019, followed by relatively stable volumes around 680-700 tons in 2020 and 2021.

After reaching its highest point in 2022, the market contracted sharply in 2023, falling by 21% to 635 tons. This decline brought the market volume back to a level comparable to the earlier phase of the period, indicating a notable reversal in the previous upward trend.

Production honey in Dominican Republic

In kind, 2017-2020, t

Top producers of honey, 2017-2020

World map of production of honey, 2017-2020

Honey production in the Dominican Republic grew for the third year in a row. In 2020, the country produced 1 108 tonnes of honey, remaining largely stable compared to the previous year. From 2017 to 2020, production rose by 20.1%, with a compound annual growth rate of 6.3%.

Annual dynamics of production in Dominican Republic in kind, 2017-2020, t

In value, 2017-2020, K $ US

In 2020, the value of honey output in the Dominican Republic was 2 775 thousand US dollars, marking a slight decline of 9.8% year-over-year. Between 2017 and 2020, production value increased by 8.9%, translating to an annualized rate of 2.9%. The lowest value was recorded in 2018 at 2 255 thousand US dollars, while the peak occurred in 2019 at 3 078 thousand US dollars. The largest drop was in 2018 at 11.5%, and the biggest gain was in 2019 at 36.5%.

Annual dynamics of production in Dominican Republic in value, 2017-2020, K $ US

Exports honey from Dominican Republic

Exports in kind, t

After two years of decline, honey exports from the Dominican Republic rebounded. In 2020, the country exported 433.1 tonnes of honey, a 6.6% increase from 2019. From 2017 to 2020, exports fell by 26.8%, equating to an annualized decrease of 9.9%. The lowest volume was in 2019 at 406.3 tonnes, with the largest decline that year at 18.2%.

Annual dynamics of product's exports from Dominican Republic in kind, 2017-2020, t

From 2017 to 2020, the export structure for honey in kind was heavily focused on the United States, which accounted for 88.8% of total flows. Other markets made up a smaller portion of exports.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Dominican Republic in kind, 2017-2020

Exports in value, K $ US

Honey exports from the Dominican Republic declined for the third consecutive year. In 2020, exports reached 1 085 thousand US dollars, down 4.1% from the previous year. Between 2017 and 2020, exports decreased by 33.6%, with an annualized rate of decline of 12.8%.

Annual dynamics of product's exports from Dominican Republic in value, 2017-2020, K $ US

During 2017–2020, the United States dominated honey exports in value terms, representing 89.6% of total flows. The remaining exports were spread across a diverse group of smaller countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Dominican Republic in value, 2017-2020

Imports honey to Dominican Republic

Imports in kind, t

In 2020, the volume of honey imports into the Dominican Republic was 6.0 tonnes, a decrease of 18.3% from 2019. From 2017 to 2020, imports fell by 7.6%, with a compound annual growth rate of -2.6%. The lowest volume was in 2018 at 5.6 tonnes, while the highest was in 2019 at 7.3 tonnes. The largest increase occurred in 2019 at 31.4%.

Annual dynamics of product's imports to Dominican Republic in kind, 2017-2020, t

From 2017 to 2020, Spain, the United States, and Mexico were the key sources for honey imports in kind, accounting for 57.4%, 13.4%, and 1.8% of imports, respectively. Together, they made up 72.6% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Dominican Republic in kind, 2017-2020

Imports in value, K $ US

Honey imports into the Dominican Republic increased for the third year in a row. In 2020, imports reached 49 thousand US dollars, up 37.5% year-over-year. From 2017 to 2020, imports grew by 86.9%, with a compound annual growth rate of 23.2%.

Annual dynamics of product's imports to Dominican Republic in value, 2017-2020, K $ US

In 2017–2020, Spain and the United States were the leading markets for honey imports in value terms, together accounting for 81.5% of total flows. The remainder was distributed among other destinations.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Dominican Republic in value, 2017-2020