Dominican Republic: Canned Vegetable Market 2024

Canned Vegetable Market Size in the Dominican Republic

The Dominican canned vegetable market skyrocketed to $X in 2022, rising by 17% against the previous year. In general, consumption showed resilient growth. Canned vegetable consumption peaked in 2022 and is likely to see steady growth in years to come.

Canned Vegetable Production in the Dominican Republic

In value terms, canned vegetable production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 38% against the previous year. Canned vegetable production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Canned Vegetable Exports

Exports from the Dominican Republic

In 2022, approx. X tons of canned vegetables were exported from the Dominican Republic; shrinking by -21.4% against the year before. Over the period under review, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 115% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, canned vegetable exports declined remarkably to $X in 2022. In general, exports, however, posted a perceptible increase. The pace of growth appeared the most rapid in 2016 when exports increased by 87%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for canned vegetable exports from the Dominican Republic, accounting for a 91% share of total exports. Moreover, canned vegetable exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. Haiti (X tons) ranked third in terms of total exports with a 0.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+19.8% per year) and Haiti (-27.8% per year).

In value terms, the United States ($X) remains the key foreign market for canned vegetables exports from the Dominican Republic, comprising 90% of total exports. The second position in the ranking was taken by Spain ($X), with a 3.5% share of total exports. It was followed by Haiti, with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+17.1% per year) and Haiti (-22.1% per year).

Export Prices by Country

The average canned vegetable export price stood at $X per ton in 2022, falling by -11.5% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 43%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Spain ($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 Haiti (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into the Dominican Republic

In 2022, approx. X tons of canned vegetables were imported into the Dominican Republic; increasing by 17% compared with the previous year. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 90%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, canned vegetable imports amounted to $X in 2022. In general, imports posted a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 40%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), Peru (X tons) and Ecuador (X tons) were the main suppliers of canned vegetable imports to the Dominican Republic, with a combined 73% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ecuador (with a CAGR of +85.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Peru ($X) and Ecuador ($X) were the largest canned vegetable suppliers to the Dominican Republic, together comprising 78% of total imports.

Ecuador, with a CAGR of +89.1%, saw 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

The average canned vegetable import price stood at $X per ton in 2022, declining by -5.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 65%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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