Dominican Republic: Nuts Market 2024

Nuts Market Size in the Dominican Republic

In 2022, the Dominican nuts market increased by X% to $X, rising for the third year in a row after six years of decline. In general, consumption recorded measured growth. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Nuts Production in the Dominican Republic

In value terms, nuts production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

In 2022, the average nuts yield in the Dominican Republic shrank to X kg per ha, declining by X% compared with 2021. In general, the yield showed a slight descent. The pace of growth appeared the most rapid in 2014 with an increase of X%. The nuts yield peaked at X kg per ha in 2015; however, from 2016 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of nuts production in the Dominican Republic expanded modestly to X ha, increasing by X% compared with the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2020 to 2022, the growth of the nuts harvested area remained at a somewhat lower figure.

Nuts Exports

Exports from the Dominican Republic

Nuts exports from the Dominican Republic dropped markedly to X tons in 2022, which is down by X% against the previous year. Overall, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, nuts exports reduced to $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2021, and then reduced slightly in the following year.

Exports by Country

The United States (X tons) was the main destination for nuts exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, nuts exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), ninefold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and France (X% per year).

In value terms, the United States ($X) remains the key foreign market for nuts exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average nuts export price amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nuts export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Aruba ($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 Aruba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into the Dominican Republic

In 2022, approx. X tons of nuts were imported into the Dominican Republic; waning by X% against the previous year's figure. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted notably in the following year.

In value terms, nuts imports dropped notably to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main nuts supplier to the Dominican Republic, with a X% share of total imports. It was followed by Spain (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of nuts to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest.

Import Prices by Country

In 2022, the average nuts import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price saw a perceptible decline. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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