Dominican Republic: Fig Market 2025

Fig Market Size in the Dominican Republic

In 2022, the Dominican fig market increased by 403% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fig Exports

Exports from the Dominican Republic

Fig exports from the Dominican Republic surged to X kg in 2022, growing by 15% against the previous year's figure. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 77% against the previous year. As a result, the exports reached the peak of X kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fig exports stood at $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -1.4% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 27%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) was the main destination for fig exports from the Dominican Republic, with a 93% share of total exports. Moreover, fig exports to Switzerland exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Switzerland totaled +53.2%.

In value terms, Switzerland ($X) emerged as the key foreign market for figs exports from the Dominican Republic, comprising 90% of total exports. The second position in the ranking was taken by Canada ($X), with a 9.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland totaled +51.8%.

Export Prices by Country

In 2022, the average fig export price amounted to $X per ton, dropping by -10.7% against the previous year. Over the period under review, the export price faced a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the 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 Canada ($X per ton), while the average price for exports to Switzerland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-24.4%).

Fig Imports

Imports into the Dominican Republic

In 2022, purchases abroad of figs increased by 621% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fig imports surged to $X in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest fig supplier to the Dominican Republic, accounting for a 46% share of total imports. Moreover, fig imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+15.0% per year) and the United States (+4.5% per year).

In value terms, Spain ($X) constituted the largest supplier of figs to the Dominican Republic, comprising 41% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.7% per year) and Turkey (+16.5% per year).

Import Prices by Country

In 2022, the average fig import price amounted to $X per ton, with a decrease of -60.3% against the previous year. Over the period under review, the import price showed a abrupt decrease. The growth pace was the most rapid in 2021 an increase of 35% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced notably in the following year.

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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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