Dominican Republic: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in the Dominican Republic

After two years of growth, the Dominican market for peel of citrus fruit or melons decreased by -13% to $X in 2021. Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +63.4% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2020, and then dropped in the following year.

Production of Peel Of Citrus Fruit Or Melons in the Dominican Republic

In value terms, citrus fruit or melons peel production declined to $X in 2021 estimated in export price. Overall, production, however, posted a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 38%. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports from the Dominican Republic

In 2021, citrus fruit or melons peel exports from the Dominican Republic contracted slightly to X tons, falling by -3.6% on 2020 figures. In general, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 90% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, citrus fruit or melons peel exports shrank to $X in 2021. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 93% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) and the Netherlands (X tons) were the main destinations of citrus fruit or melons peel exports from the Dominican Republic.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of -16.4%).

In value terms, the largest markets for citrus fruit or melons peel exported from the Dominican Republic were France ($X) and the Netherlands ($X).

France, with a CAGR of -11.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for peel of citrus fruit or melons stood at $X per ton in 2021, shrinking by -7.8% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 85% against the previous year. The export price peaked at $X per ton in 2020, and then declined in the following year.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+14.2%).

Imports of Peel Of Citrus Fruit Or Melons

Imports into the Dominican Republic

In 2021, imports of peel of citrus fruit or melons into the Dominican Republic declined sharply to X kg, which is down by -86.2% against 2020 figures. Overall, imports recorded a perceptible decline. The pace of growth was the most pronounced in 2017 when imports increased by 76%. Imports peaked at X kg in 2020, and then declined significantly in the following year.

In value terms, citrus fruit or melons peel imports dropped to $X in 2021. Over the period under review, imports, however, posted resilient growth. The growth pace was the most rapid in 2018 with an increase of 45%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X kg) constituted the largest supplier of citrus fruit or melons peel to the Dominican Republic, with a 63% share of total imports. Moreover, citrus fruit or melons peel imports from Thailand exceeded the figures recorded by the second-largest supplier, Morocco (X kg), fourfold. The third position in this ranking was held by Belgium (X kg), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand amounted to -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+24.1% per year) and Belgium (-48.9% per year).

In value terms, the largest citrus fruit or melons peel suppliers to the Dominican Republic were Morocco ($X), Thailand ($X) and Belgium ($X), with a combined 91% share of total imports.

Among the main suppliers, Morocco, with a CAGR of +19.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for peel of citrus fruit or melons amounted to $X per ton, jumping by 557% against the previous year. In general, the import price saw prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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