Dominican Republic: Chestnut Market 2025

Chestnut Market Size in the Dominican Republic

In 2021, the Dominican chestnut market decreased by -55.5% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption showed a abrupt slump. Chestnut consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Chestnut Production in the Dominican Republic

In value terms, chestnut production declined modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 22%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Chestnut Exports

Exports from the Dominican Republic

In 2021, shipments abroad of chestnuts increased by 45% to X tons, rising for the third year in a row after four years of decline. In general, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2014 with an increase of 78%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, chestnut exports surged to $X in 2021. Overall, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +117.9% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 56%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for chestnut exports from the Dominican Republic, with a 85% share of total exports. Moreover, chestnut exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+8.5% per year) and France (+33.8% per year).

In value terms, the United States ($X) remains the key foreign market for chestnut exports from the Dominican Republic, comprising 80% of total exports. The second position in the ranking was held by Canada ($X), with a 9.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+17.5% per year) and France (+40.8% per year).

Export Prices by Country

The average chestnut export price stood at $X per ton in 2021, dropping by -13.8% against the previous year. In general, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 25%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Chestnut Imports

Imports into the Dominican Republic

In 2021, approx. X kg of chestnuts were imported into the Dominican Republic; falling by -19.7% on 2020. Overall, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2014 when imports increased by 733% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, chestnut imports declined remarkably to $X in 2021. In general, imports showed a precipitous setback. The pace of growth was the most pronounced in 2014 with an increase of 717%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X kg) was the main supplier of chestnut to the Dominican Republic, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -18.0%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -25.5%.

Import Prices by Country

In 2021, the average chestnut import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 26%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 2021, the rate of growth in terms of prices for the United States amounted to -9.1% per year.

Source: IndexBox Platform

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