Dominican Republic: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in the Dominican Republic

For the third year in a row, the Dominican carrot and turnip market recorded growth in sales value, which increased by 0.1% to $X in 2022. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Carrot And Turnip Production in the Dominican Republic

In value terms, carrot and turnip production reached $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 39% against the previous year. Carrot and turnip production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The average yield of carrots and turnips in the Dominican Republic contracted slightly to X tons per ha in 2022, remaining relatively unchanged against 2021. The yield figure increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the yield increased by 54% against the previous year. The carrot and turnip yield peaked at X tons per ha in 2021, and then declined slightly in the following year. 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 carrots and turnips were harvested in the Dominican Republic; with a decrease of -1.7% on the previous year. In general, the harvested area showed a perceptible setback. The growth pace was the most rapid in 2013 when the harvested area increased by 13%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the carrot and turnip harvested area remained at a somewhat lower figure.

Carrot And Turnip Exports

Exports from the Dominican Republic

In 2022, shipments abroad of carrots and turnips increased by 183% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a significant contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 256% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, carrot and turnip exports soared to $X in 2022. In general, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by 202%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Aruba (X tons) was the main destination for carrot and turnip exports from the Dominican Republic, accounting for a 75% share of total exports. Moreover, carrot and turnip exports to Aruba exceeded the volume sent to the second major destination, Haiti (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Aruba totaled +54.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-40.3% per year) and the United States (+67.9% per year).

In value terms, Aruba ($X) emerged as the key foreign market for carrots and turnips exports from the Dominican Republic, comprising 72% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Aruba stood at +47.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+66.8% per year) and Haiti (-33.2% per year).

Export Prices by Country

The average carrot and turnip export price stood at $X per ton in 2022, which is down by -34.3% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of 333% against the previous year. As a result, the export price reached the peak level of $X per ton, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Aruba ($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 (+11.9%), while the prices for the other major destinations experienced a decline.

Carrot And Turnip Imports

Imports into the Dominican Republic

In 2022, the amount of carrots and turnips imported into the Dominican Republic declined notably to X tons, which is down by -41.7% against the year before. In general, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by 755%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, carrot and turnip imports plummeted to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 258% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of carrot and turnip to the Dominican Republic, with a 72% share of total imports. Moreover, carrot and turnip imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +76.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.9% per year) and Costa Rica (+4.5% per year).

In value terms, the largest carrot and turnip suppliers to the Dominican Republic were the United States ($X), the Netherlands ($X) and Costa Rica ($X), together accounting for 100% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +73.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carrot and turnip import price stood at $X per ton in 2022, with an increase of 34% against the previous year. Over the period under review, the import price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2018 an increase of 51%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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