Dominican Republic: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2024

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in the Dominican Republic

The Dominican homogenised jam and marmalade market skyrocketed to $X in 2022, increasing by 24% 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). Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports from the Dominican Republic

In 2022, the amount of homogenised preparations of jams, fruit jellies and marmalades exported from the Dominican Republic soared to X tons, picking up by 41% compared with the previous year's figure. In general, exports continue to indicate slight growth. The most prominent rate of growth was recorded in 2016 when exports increased by 258%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, homogenised jam and marmalade exports surged to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 210% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Haiti (X tons) was the main destination for homogenised jam and marmalade exports from the Dominican Republic, with a 73% share of total exports. Moreover, homogenised jam and marmalade exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Curacao (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+44.7% per year) and Curacao (+274.7% per year).

In value terms, Haiti ($X) remains the key foreign market for homogenised preparations of jams, fruit jellies and marmalades exports from the Dominican Republic, comprising 71% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by Aruba, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+62.7% per year) and Aruba (+93.7% per year).

Export Prices by Country

In 2022, the average homogenised jam and marmalade export price amounted to $X per ton, picking up by 2.8% against the previous year. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 141%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average 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 Aruba ($X per ton), while the average price for exports to Turks and Caicos Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports into the Dominican Republic

In 2022, approx. X tons of homogenised preparations of jams, fruit jellies and marmalades were imported into the Dominican Republic; picking up by 17% on 2021. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 83%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, homogenised jam and marmalade imports surged to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Costa Rica (X tons) constituted the largest supplier of homogenised jam and marmalade to the Dominican Republic, with a 79% share of total imports. Moreover, homogenised jam and marmalade imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sixfold. Chile (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from Costa Rica totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-2.9% per year) and Chile (+127.0% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of homogenised preparations of jams, fruit jellies and marmalades to the Dominican Republic, comprising 79% of total imports. The second position in the ranking was taken by Mexico ($X), with a 14% share of total imports. It was followed by Chile, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Costa Rica amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-4.3% per year) and Chile (+115.4% per year).

Import Prices by Country

In 2022, the average homogenised jam and marmalade import price amounted to $X per ton, growing by 9.6% against the previous year. Overall, the import price, however, showed a slight decline. The pace of growth was the most pronounced in 2015 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average 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 ($X per ton), while the price for Chile ($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 (+11.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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