Dominican Republic: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in the Dominican Republic

The Dominican concentrated grapefruit juice market dropped rapidly to $X in 2021, with a decrease of -77.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt shrinkage. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Concentrated Grapefruit Juice Exports

Exports from the Dominican Republic

In 2021, exports of concentrated grapefruit juice from the Dominican Republic contracted dramatically to X tons, with a decrease of -17.5% on 2020 figures. Overall, exports showed a abrupt decline. The smallest decline of -15.2% was in 2020. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, concentrated grapefruit juice exports fell sharply to $X in 2021. Over the period under review, exports saw a abrupt descent. The smallest decline of -11.4% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for concentrated grapefruit juice exports from the Dominican Republic, accounting for a 45% share of total exports. Moreover, concentrated grapefruit juice exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X kg), threefold. The third position in this ranking was taken by Switzerland (X kg), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-25.6% per year) and Switzerland (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for concentrated grapefruit juice exports from the Dominican Republic, comprising 67% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 9.8% share of total exports. It was followed by Bahamas, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (0.0% per year) and Bahamas (-14.4% per year).

Export Prices by Country

In 2021, the average concentrated grapefruit juice export price amounted to $X per ton, increasing by 2.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 11%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Bahamas ($X per ton), while the average price for exports to the Netherlands ($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 Bahamas (+14.7%), while the prices for the other major destinations experienced a decline.

Concentrated Grapefruit Juice Imports

Imports into the Dominican Republic

In 2021, approx. X tons of concentrated grapefruit juice were imported into the Dominican Republic; declining by -77.1% against the year before. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 199%. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, concentrated grapefruit juice imports fell markedly to $X in 2021. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 225%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of concentrated grapefruit juice imports to the Dominican Republic, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +25.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest concentrated grapefruit juice suppliers to the Dominican Republic were Mexico ($X), the United States ($X) and Spain ($X), together comprising 90% of total imports.

Spain, with a CAGR of +62.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average concentrated grapefruit juice import price stood at $X per ton in 2021, increasing by 14% against the previous year. In general, the import price, however, recorded a noticeable curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+29.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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