Dominican Republic: Cassava Market 2024

Cassava Market Size in the Dominican Republic

After two years of decline, the Dominican cassava market increased by 0.1% to $X in 2022. Overall, consumption continues to indicate a mild descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cassava Production in the Dominican Republic

In value terms, cassava production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2018 with an increase of 45% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The average yield of cassava in the Dominican Republic reduced to X tons per ha in 2022, standing approx. at 2021. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 2.3% against the previous year. The cassava yield peaked at X tons per ha in 2021, and then dropped 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, the cassava harvested area in the Dominican Republic stood at X ha, leveling off at 2021 figures. In general, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by 7.1% against the previous year. Over the period under review, the harvested area dedicated to cassava production attained the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

Cassava Exports

Exports from the Dominican Republic

In 2022, overseas shipments of cassava were finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 225% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cassava exports surged to $X in 2022. Over the period under review, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2019 when exports increased by 184% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Aruba (X tons), the United States (X tons) and Belgium (X tons) were the main destinations of cassava exports from the Dominican Republic, with a combined 86% 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 Aruba (with a CAGR of +114.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cassava exported from the Dominican Republic were Aruba ($X), the United States ($X) and Belgium ($X), with a combined 85% share of total exports.

In terms of the main countries of destination, Aruba, with a CAGR of +104.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average cassava export price amounted to $X per ton, growing by 3.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 56% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 France ($X per ton), while the average price for exports to Belgium ($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 Belgium (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cassava Imports

Imports into the Dominican Republic

Cassava imports into the Dominican Republic skyrocketed to X tons in 2022, increasing by 417% against the previous year. In general, imports showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 18,261%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, cassava imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 3,345%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main cassava supplier to the Dominican Republic, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +45.0%.

In value terms, the United States ($X) constituted the largest supplier of cassava to the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +58.4%.

Import Prices by Country

In 2022, the average cassava import price amounted to $X per ton, jumping by 20% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 899% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +11.8% per year.

Source: IndexBox Platform

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