Dominican Republic: Banana And Plantain Market 2025

Banana And Plantain Market Size in the Dominican Republic

The Dominican banana and plantain market amounted to $X in 2022, with an increase of 4% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.7% against 2020 indices. Banana and plantain consumption peaked at $X in 2017; afterwards, it flattened through to 2022.

Banana And Plantain Production in the Dominican Republic

In value terms, banana and plantain production totaled $X in 2022 estimated in export price. Over the period under review, production showed a buoyant increase. The growth pace was the most rapid in 2016 when the production volume increased by 54%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

The average yield of bananas and plantains in the Dominican Republic rose to X tons per ha in 2022, growing by 4.1% against the year before. The yield figure increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the yield increased by 14% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average banana and plantain yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of bananas and plantains were harvested in the Dominican Republic; reducing by -2.9% on the previous year. The harvested area increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when the harvested area increased by 6.2% against the previous year. Over the period under review, the harvested area dedicated to banana and plantain production reached the peak figure at X ha in 2019; however, from 2020 to 2022, the harvested area remained at a lower figure.

Banana And Plantain Exports

Exports from the Dominican Republic

In 2022, the amount of bananas and plantains exported from the Dominican Republic dropped slightly to X tons, with a decrease of -4.3% compared with 2021 figures. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 124%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, banana and plantain exports reduced slightly to $X in 2022. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 144% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), the UK (X tons) and the Netherlands (X tons) were the main destinations of banana and plantain exports from the Dominican Republic, with a combined 73% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +35.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for banana and plantain exported from the Dominican Republic were Germany ($X), the UK ($X) and the Netherlands ($X), together comprising 73% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +40.7%, saw 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

The average banana and plantain export price stood at $X per ton in 2022, growing by 4.4% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana and plantain export price increased by +23.1% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 41%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Trinidad and Tobago ($X 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 France (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of bananas and plantains increased by 160% to X tons, rising for the second consecutive year after seven years of decline. In general, imports, however, faced a abrupt contraction. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, banana and plantain imports surged to $X in 2022. Over the period under review, imports, however, showed a dramatic slump. The pace of growth appeared the most rapid in 2013 with an increase of 116% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ecuador (X tons) was the main banana and plantain supplier to the Dominican Republic, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador stood at -14.0%.

In value terms, Ecuador ($X) constituted the largest supplier of bananas and plantains to the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value from Ecuador amounted to -16.3%.

Import Prices by Country

In 2022, the average banana and plantain import price amounted to $X per ton, declining by -32.8% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2020 an increase of 93%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +42.8% per year.

Source: IndexBox Platform

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