Dominican Republic: Peanut Butter Market 2025

Peanut Butter Market Size in the Dominican Republic

The Dominican peanut butter market expanded markedly to $X in 2022, growing by 7.4% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.5% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Peanut Butter Production in the Dominican Republic

In value terms, peanut butter production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.8% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 50% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Peanut Butter Exports

Exports from the Dominican Republic

In 2022, overseas shipments of peanut butter and prepared or preserved groundnuts increased by 18% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 195% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, peanut butter exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 123%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for peanut butter exports from the Dominican Republic, with a 83% share of total exports. Moreover, peanut butter exports to the United States exceeded the volume sent to the second major destination, Honduras (X tons), more than tenfold. The third position in this ranking was held by Turks and Caicos Islands (X tons), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+66.8% per year) and Turks and Caicos Islands (+143.0% per year).

In value terms, the United States ($X) remains the key foreign market for peanut butter and prepared or preserved groundnuts exports from the Dominican Republic, comprising 74% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 6.9% share of total exports. It was followed by Turks and Caicos Islands, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+76.5% per year) and Turks and Caicos Islands (+43.6% per year).

Export Prices by Country

The average peanut butter export price stood at $X per ton in 2022, leveling off at the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, peanut butter export price increased by +28.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Switzerland ($X per ton), while the average price for exports to Honduras ($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 Spain (+41.5%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into the Dominican Republic

In 2022, the amount of peanut butter and prepared or preserved groundnuts imported into the Dominican Republic soared to X tons, rising by 19% on the previous year. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 73%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, peanut butter imports surged to $X in 2022. Overall, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Honduras (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of peanut butter imports to the Dominican Republic, with a combined 86% share of total imports. Guatemala, Nicaragua, Costa Rica and India lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +120.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), the United States ($X) and Nicaragua ($X) were the largest peanut butter suppliers to the Dominican Republic, together accounting for 87% of total imports. Guatemala, Mexico, Costa Rica and India lagged somewhat behind, together accounting for a further 9.9%.

India, with a CAGR of +113.9%, saw 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 2022, the average peanut butter import price amounted to $X per ton, surging by 17% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, peanut butter import price increased by +37.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 77% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 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 Honduras ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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