Dominican Republic: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in the Dominican Republic

The Dominican pineapple juice (single strength) market soared to $X in 2021, surging by 37% 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). The market value increased at an average annual rate of +5.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Pineapple juice (single strength) consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Pineapple Juice (Single Strength)

Exports from the Dominican Republic

In 2021, overseas shipments of pineapple juice (single strength) increased by 1.7% to X tons, rising for the third consecutive year after two years of decline. In general, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 487%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, pineapple juice (single strength) exports fell to $X in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 538%. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

Haiti (X tons), Jamaica (X tons) and the United States (X tons) were the main destinations of pineapple juice (single strength) exports from the Dominican Republic, together comprising 99.9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +59.6%), while the other leaders experienced more modest paces of growth.

In value terms, Jamaica ($X), Haiti ($X) and the United States ($X) were the largest markets for pineapple juice (single strength) exported from the Dominican Republic worldwide, with a combined 99.9% share of total exports.

The United States, with a CAGR of +61.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pineapple juice (single strength) export price amounted to $X per ton, shrinking by -2.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 an increase of 19% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the 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 Jamaica ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pineapple Juice (Single Strength)

Imports into the Dominican Republic

In 2021, approx. X tons of pineapple juice (single strength) were imported into the Dominican Republic; rising by 38% on 2020 figures. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +10.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.0% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pineapple juice (single strength) imports soared to $X in 2021. The total import value increased at an average annual rate of +6.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, El Salvador (X tons) constituted the largest supplier of pineapple juice (single strength) to the Dominican Republic, accounting for a 72% share of total imports. Moreover, pineapple juice (single strength) imports from El Salvador exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), fivefold. Costa Rica (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from El Salvador totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+17.4% per year) and Costa Rica (+55.3% per year).

In value terms, El Salvador ($X) constituted the largest supplier of pineapple juice (single strength) to the Dominican Republic, comprising 57% of total imports. The second position in the ranking was taken by Costa Rica ($X), with a 22% share of total imports. It was followed by Guatemala, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from El Salvador stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+60.5% per year) and Guatemala (+8.8% per year).

Import Prices by Country

In 2021, the average pineapple juice (single strength) import price amounted to $X per ton, declining by -6.4% against the previous year. In general, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 5.5% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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