Dominican Republic: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in the Dominican Republic

In 2021, the Dominican concentrated apple juice market decreased by -13.1% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Concentrated Apple Juice Exports

Exports from the Dominican Republic

In 2021, exports of concentrated apple juice from the Dominican Republic soared to X tons, with an increase of 346% against the year before. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 41,743%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, concentrated apple juice exports surged to $X in 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 28,516%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for concentrated apple juice exports from the Dominican Republic, accounting for a 79% share of total exports. Moreover, concentrated apple juice exports to Haiti exceeded the volume sent to the second major destination, France (X tons), ninefold. Guyana (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Haiti stood at +83.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+74.3% per year) and Guyana (+38.5% per year).

In value terms, Haiti ($X) remains the key foreign market for concentrated apple juice exports from the Dominican Republic, comprising 79% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports. It was followed by Bahamas, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Haiti totaled +64.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+78.9% per year) and Bahamas (+82.9% per year).

Export Prices by Country

The average concentrated apple juice export price stood at $X per ton in 2021, reducing by -5.6% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2013 an increase of 92% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Aruba ($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 Curacao (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Apple Juice Imports

Imports into the Dominican Republic

In 2021, overseas purchases of concentrated apple juice decreased by -12.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a tangible expansion. The growth pace was the most rapid in 2018 when imports increased by 178%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated apple juice imports shrank to $X in 2021. In general, imports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2018 when imports increased by 154%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), El Salvador (X tons) and Chile (X tons) were the main suppliers of concentrated apple juice imports to the Dominican Republic, with a combined 79% share of total imports. These countries were followed by Greece, Argentina and the United States, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +46.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of concentrated apple juice to the Dominican Republic, comprising 50% of total imports. The second position in the ranking was held by El Salvador ($X), with a 15% share of total imports. It was followed by Chile, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: El Salvador (-16.6% per year) and Chile (+0.5% per year).

Import Prices by Country

In 2021, the average concentrated apple juice import price amounted to $X per ton, with an increase of 3.7% against the previous year. Overall, the import price, however, recorded a pronounced contraction. The growth pace was the most rapid in 2020 an increase of 13%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :