Report Update Nov 1, 2024

Dominican Republic - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Frozen Potato Market 2024

Frozen Potato Market Size in the Dominican Republic

The Dominican frozen potato market surged to $X in 2021, jumping by 58% 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). Overall, consumption saw a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Frozen Potato Exports

Exports from the Dominican Republic

In 2021, approx. X tons of frozen potatoes were exported from the Dominican Republic; with an increase of 33% on the previous year's figure. In general, exports, however, saw a pronounced setback. The growth pace was the most rapid in 2016 when exports increased by 84%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen potato exports soared to $X in 2021. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 72% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), Haiti (X tons) and Jamaica (X tons) were the main destinations of frozen potato exports from the Dominican Republic, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Haiti (with a CAGR of +55.5%), while the other leaders experienced mixed trend patterns.

In value terms, Jamaica ($X), the United States ($X) and Haiti ($X) constituted the largest markets for frozen potato exported from the Dominican Republic worldwide, together comprising 100% of total exports.

Among the main countries of destination, Haiti, with a CAGR of +66.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2021, flattening at the previous year. In general, the export price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2014 an increase of 140%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to the United States ($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 Jamaica (+18.4%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Potato Imports

Imports into the Dominican Republic

In 2021, the amount of frozen potatoes imported into the Dominican Republic skyrocketed to X tons, picking up by 62% on 2020 figures. Over the period under review, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato imports surged to $X in 2021. Overall, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of frozen potato to the Dominican Republic, with a 37% share of total imports. Moreover, frozen potato imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.9% per year) and the United States (-5.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of frozen potatoes to the Dominican Republic, comprising 34% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total imports. It was followed by the United States, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.2% per year) and the United States (+0.1% per year).

Import Prices by Country

In 2021, the average frozen potato import price amounted to $X per ton, declining by -2.9% against the previous year. Overall, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 23%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen potatoes in the world?

China remains the largest frozen potato consuming country worldwide, accounting for 25% of total volume. Moreover, frozen potato consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.3% share.

What are the largest producers of frozen potatoes in the world?

China constituted the country with the largest volume of frozen potato production, comprising approx. 25% of total volume. Moreover, frozen potato production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Belgium, with a 10% share.

What are the leading suppliers of frozen potatoes to the Dominican Republic?

In value terms, the largest frozen potato suppliers to the Dominican Republic were Belgium, the Netherlands and the United States, together accounting for 91% of total imports.

What are the leading importers of frozen potatoes from the Dominican Republic?

In value terms, the United States, Haiti and Jamaica $640) appeared to be the largest markets for frozen potato exported from the Dominican Republic worldwide, together comprising 100% of total exports.

What is the average export price for frozen potatoes in the Dominican Republic?

The average frozen potato export price stood at $1,401 per ton in 2020, with a decrease of -6.3% against the previous year.

What is the average import price for frozen potatoes in the Dominican Republic?

In 2020, the average frozen potato import price amounted to $906 per ton, surging by 4.7% against the previous year.

This report provides an in-depth analysis of the frozen potato 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:

Prodcom 10311110 - Frozen potatoes, uncooked or cooked by steaming or boiling in water
Prodcom 10311130 - Frozen potatoes, prepared or preserved (including potatoes cooked or partly cooked in oil and then frozen, excluding by vinegar or acetic acid)

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023