Dominican Republic: Potato Chips Market 2024

Potato Chips Market Size in the Dominican Republic

The Dominican potato chips market expanded rapidly to $X in 2022, growing by 7.9% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Potato Chips Production in the Dominican Republic

In value terms, potato chips production expanded rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Potato Chips Exports

Exports from the Dominican Republic

In 2022, approx. X tons of potato chips were exported from the Dominican Republic; which is down by -48.4% compared with 2021 figures. Overall, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 2,521% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, potato chips exports dropped notably to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 3,744% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jamaica (X tons), the United States (X tons) and Barbados (X tons) were the main destinations of potato chips exports from the Dominican Republic, together accounting for 89% of total exports. Trinidad and Tobago, Antigua and Barbuda, Bahamas, Suriname, Haiti and Guyana lagged somewhat behind, together comprising a further 9.2%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Antigua and Barbuda (with a CAGR of +35.5%), while the other leaders experienced more modest paces of growth.

In value terms, Jamaica ($X), the United States ($X) and Barbados ($X) appeared to be the largest markets for potato chips exported from the Dominican Republic worldwide, together comprising 88% of total exports. Trinidad and Tobago, Antigua and Barbuda, Bahamas, Suriname, Haiti and Guyana lagged somewhat behind, together comprising a further 11%.

Among the main countries of destination, Antigua and Barbuda, with a CAGR of +37.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average potato chips export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2021 an increase of 47%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to Haiti ($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 Bahamas (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Chips Imports

Imports into the Dominican Republic

In 2022, the amount of potato chips imported into the Dominican Republic reduced to X tons, dropping by -5.7% compared with 2021. Overall, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by 195%. Over the period under review, imports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, potato chips imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 210%. Over the period under review, imports attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

The United States (X tons), Honduras (X tons) and Canada (X tons) were the main suppliers of potato chips imports to the Dominican Republic, with a combined 92% share of total imports. Spain, China and Trinidad and Tobago lagged somewhat behind, together accounting for a further 5.9%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +33.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of potato chips to the Dominican Republic, comprising 66% of total imports. The second position in the ranking was taken by Honduras ($X), with a 24% share of total imports. It was followed by Spain, with a 2% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (+29.6% per year) and Spain (+37.2% per year).

Import Prices by Country

The average potato chips import price stood at $X per ton in 2022, reducing by -3.9% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potato chips import price increased by +9.1% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 24%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then declined slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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