Dominican Republic: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in the Dominican Republic

In 2021, the Dominican grapefruit juice (single strength) market increased by 273% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption posted a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Grapefruit Juice (Single Strength) in the Dominican Republic

In value terms, grapefruit juice (single strength) production fell slightly to $X in 2021 estimated in export price. Overall, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 92%. Grapefruit juice (single strength) production peaked at $X in 2020, and then shrank in the following year.

Exports of Grapefruit Juice (Single Strength)

Exports from the Dominican Republic

In 2021, exports of grapefruit juice (single strength) from the Dominican Republic amounted to X tons, with an increase of 8.1% compared with 2020 figures. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +102.3% against 2012 indices. The growth pace was the most rapid in 2014 when exports increased by 8.1%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, grapefruit juice (single strength) exports expanded notably to $X in 2021. Overall, exports showed a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 12%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for grapefruit juice (single strength) exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +8.3%.

In value terms, the United States ($X) also remains the key foreign market for grapefruit juice (single strength) exports from the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +13.0%.

Export Prices by Country

In 2021, the average grapefruit juice (single strength) export price amounted to $X per ton, surging by 3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 3.9% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +4.3% per year.

Imports of Grapefruit Juice (Single Strength)

Imports into the Dominican Republic

In 2021, the amount of grapefruit juice (single strength) imported into the Dominican Republic surged to X tons, jumping by 351% compared with the previous year. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 2,348%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, grapefruit juice (single strength) imports skyrocketed to $X in 2021. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 3,425%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Belize (X tons), Mexico (X tons) and the United States (X tons) were the main suppliers of grapefruit juice (single strength) imports to the Dominican Republic, together accounting for 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belize (with a CAGR of +61.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Belize ($X) and the United States ($X) appeared to be the largest grapefruit juice (single strength) suppliers to the Dominican Republic, with a combined 99% share of total imports.

Mexico, with a CAGR of +67.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average grapefruit juice (single strength) import price amounted to $X per ton, increasing by 9.2% against the previous year. In general, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grapefruit juice (single strength) import price decreased by -2.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 67%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Belize ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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