Dominican Republic: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in the Dominican Republic

In 2022, the Dominican concentrated pineapple juice market increased by 638% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a perceptible shrinkage. Concentrated pineapple juice consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Concentrated Pineapple Juice Production in the Dominican Republic

In value terms, concentrated pineapple juice production stood at less than $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with a decrease of 99.9%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Concentrated Pineapple Juice Exports

Exports from the Dominican Republic

Concentrated pineapple juice exports from the Dominican Republic skyrocketed to X tons in 2022, with an increase of 95% on 2021 figures. In general, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +107.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, concentrated pineapple juice exports soared to $X in 2022. Overall, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for concentrated pineapple juice exports from the Dominican Republic, accounting for a 93% share of total exports. Moreover, concentrated pineapple juice exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +3.8%.

In value terms, the United States ($X) remains the key foreign market for concentrated pineapple juice exports from the Dominican Republic, comprising 93% of total exports. The second position in the ranking was held by Haiti ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +6.9%.

Export Prices by Country

The average concentrated pineapple juice export price stood at $X per ton in 2022, growing by 2.2% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concentrated pineapple juice export price increased by +7.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 36%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.0%).

Concentrated Pineapple Juice Imports

Imports into the Dominican Republic

In 2022, purchases abroad of concentrated pineapple juice increased by 152% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2014 when imports increased by 193% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, concentrated pineapple juice imports skyrocketed to $X in 2022. Overall, imports, however, showed a abrupt descent. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Costa Rica (X tons) constituted the largest supplier of concentrated pineapple juice to the Dominican Republic, with a 82% share of total imports. Moreover, concentrated pineapple juice imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Mexico (X tons), ninefold. Thailand (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from Costa Rica amounted to +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+85.7% per year) and Thailand (-3.1% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of concentrated pineapple juice to the Dominican Republic, comprising 87% of total imports. The second position in the ranking was taken by Thailand ($X), with a 6.6% share of total imports. It was followed by Mexico, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from Costa Rica totaled +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.4% per year) and Mexico (+72.3% per year).

Import Prices by Country

The average concentrated pineapple juice import price stood at $X per ton in 2022, increasing by 38% against the previous year. Overall, the import price recorded a perceptible increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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