Report Update Nov 1, 2024

Dominican Republic - Chestnut - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Chestnut Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for chestnuts in the world?

The country with the largest volume of chestnut consumption was China, accounting for 80% of total volume. Moreover, chestnut consumption in China exceeded the figures recorded by the second-largest consumer, Bolivia, more than tenfold. The third position in this ranking was occupied by Turkey, with a 3.1% share.

What are the largest producers of chestnuts in the world?

China remains the largest chestnut producing country worldwide, comprising approx. 81% of total volume. Moreover, chestnut production in China exceeded the figures recorded by the second-largest producer, Bolivia, more than tenfold. The third position in this ranking was occupied by Turkey, with a 3.5% share.

What are the leading suppliers of chestnuts to the Dominican Republic?

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

What are the leading importers of chestnuts from the Dominican Republic?

In value terms, the United States remains the key foreign market for chestnut exports from the Dominican Republic, comprising 81% of total exports. The second position in the ranking was occupied by Canada, with a 13% share of total exports.

What is the average export price for chestnuts in the Dominican Republic?

The average chestnut export price stood at $628 per ton in 2021, waning by -27.1% against the previous year.

What is the average import price for chestnuts in the Dominican Republic?

In 2021, the average chestnut import price amounted to $3,494 per ton, which is down by -9.4% against the previous year.

This report provides an in-depth analysis of the chestnut market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 220 - Chestnuts

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023