Dominican Republic: Papaya Market 2024

Papaya Market Size in the Dominican Republic

The Dominican papaya market declined slightly to $X in 2022, dropping by -2.5% against the previous year. Overall, consumption, however, posted resilient growth. Papaya consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Papaya Production in the Dominican Republic

In value terms, papaya production declined to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31%. Papaya production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average yield of papayas in the Dominican Republic soared to X tons per ha, rising by 47% compared with the previous year. Overall, the yield, however, showed a mild shrinkage. Over the period under review, the average papaya yield reached the peak level at X tons per ha in 2019; however, from 2020 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 papayas production in the Dominican Republic fell notably to X ha, with a decrease of -33.9% on the previous year's figure. In general, the harvested area, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 210%. As a result, the harvested area reached the peak level of X ha, and then shrank sharply in the following year.

Papaya Exports

Exports from the Dominican Republic

In 2022, approx. X tons of papayas were exported from the Dominican Republic; growing by 8.7% on 2021. Over the period under review, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by 20% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, papaya exports totaled $X in 2022. In general, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 25%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for papaya exports from the Dominican Republic, accounting for a 61% share of total exports. Moreover, papaya exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+0.8% per year) and Germany (+10.0% per year).

In value terms, the United States ($X) remains the key foreign market for papayas exports from the Dominican Republic, comprising 57% of total exports. The second position in the ranking was held by Haiti ($X), with a 9.4% share of total exports. It was followed by Germany, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-5.7% per year) and Germany (+13.0% per year).

Export Prices by Country

In 2022, the average papaya export price amounted to $X per ton, waning by -3.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2017 when the average export price increased by 24% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Papaya Imports

Imports into the Dominican Republic

In 2022, the amount of papayas imported into the Dominican Republic stood at X tons, remaining constant against the previous year's figure. In general, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2016 when imports increased by 146% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, papaya imports stood at $X in 2022. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 174%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main supplier of papaya to the Dominican Republic, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +17.2%.

In value terms, the United States ($X) constituted the largest supplier of papayas to the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +14.7%.

Import Prices by Country

The average papaya import price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.1% per year.

Source: IndexBox Platform

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