Dominican Republic: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in the Dominican Republic

The Dominican prepared frozen vegetable market skyrocketed to $X in 2020, with an increase of X% against the previous year. Overall, the total consumption indicated a remarkable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2011 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Prepared Frozen Vegetable Production in the Dominican Republic

In value terms, prepared frozen vegetable production expanded markedly to $X in 2020 estimated in export prices. In general, production posted a moderate expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Prepared frozen vegetable production peaked in 2020 and is likely to continue growth in the near future.

Prepared Frozen Vegetable Exports

Exports from the Dominican Republic

In 2020, after three years of growth, there was significant decline in overseas shipments of frozen vegetables and mixtures of vegetables (prepared or preserved), when their volume decreased by -X% to X tons. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2019, and then declined significantly in the following year.

In value terms, prepared frozen vegetable exports declined sharply to $X in 2020. Over the period under review, exports faced a sharp setback. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

The United States (X tons) was the main destination for prepared frozen vegetable exports from the Dominican Republic, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United States stood at -X%.

In value terms, the United States ($X) also remains the key foreign market for prepared frozen vegetable exports from the Dominican Republic.

From 2007 to 2020, the average annual rate of growth in terms of value to the United States stood at -X%.

Export Prices by Country

In 2020, the average prepared frozen vegetable export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild reduction. Over the period under review, average export prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2007 to 2020, the rate of growth in terms of prices for the United States amounted to -X% per year.

Prepared Frozen Vegetable Imports

Imports into the Dominican Republic

In 2020, after two years of growth, there was significant decline in supplies from abroad of frozen vegetables and mixtures of vegetables (prepared or preserved), when their volume decreased by -X% to X tons. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2019, and then contracted markedly in the following year.

In value terms, prepared frozen vegetable imports declined dramatically to $X in 2020. Over the period under review, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then reduced rapidly in the following year.

Imports by Country

In 2020, the United States (X tons) constituted the largest supplier of prepared frozen vegetable to the Dominican Republic, accounting for a X% share of total imports. Moreover, prepared frozen vegetable imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was occupied by the Netherlands (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the Netherlands (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2020, the average prepared frozen vegetable import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from the United States ($X per ton) and Colombia ($X per ton), while the price for the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Colombia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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