Dominican Republic: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in the Dominican Republic

The Dominican preserved frozen potato market surged to $X in 2021, picking up by 59% 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 recorded strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Preserved Frozen Potato Exports

Exports from the Dominican Republic

In 2021, overseas shipments of frozen potatoes prepared or preserved increased by 23% to X tons, rising for the third consecutive year after two years of decline. Overall, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 67% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, preserved frozen potato exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2016 with an increase of 59%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for preserved frozen potato exports from the Dominican Republic, accounting for a 61% share of total exports. Moreover, preserved frozen potato exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+53.2% per year) and Jamaica (-27.9% per year).

In value terms, the largest markets for preserved frozen potato exported from the Dominican Republic were Jamaica ($X), the United States ($X) and Haiti ($X), with a combined 100% share of total exports.

Haiti, with a CAGR of +64.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average preserved frozen potato export price amounted to $X per ton, waning by -1.8% against the previous year. Over the period under review, the export price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2014 when the average export price increased by 141%. As a result, the export price attained 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 overseas markets. In 2021, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Haiti ($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 France (+57.3%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Frozen Potato Imports

Imports into the Dominican Republic

In 2021, the amount of frozen potatoes prepared or preserved imported into the Dominican Republic surged to X tons, jumping by 62% compared with the previous year's figure. In general, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved frozen potato imports skyrocketed to $X in 2021. Over the period under review, imports saw a resilient increase. As a result, imports reached 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 preserved frozen potato to the Dominican Republic, accounting for a 69% share of total imports. Moreover, preserved frozen potato imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+8.2% per year) and the United States (+1.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of frozen potatoes prepared or preserved to the Dominican Republic, comprising 58% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.4% per year) and the United States (+6.5% per year).

Import Prices by Country

The average preserved frozen potato import price stood at $X per ton in 2021, which is down by -2.6% against the previous year. Overall, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 23%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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