Dominican Republic: Potato Starch Market 2024

Potato Starch Market Size in the Dominican Republic

After five years of growth, the Dominican potato starch market decreased by -13.4% to $X in 2021. In general, consumption, however, enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X, and then declined in the following year.

Potato Starch Production in the Dominican Republic

In value terms, potato starch production dropped notably to $X in 2021 estimated in export price. Overall, production, however, enjoyed resilient growth. The growth pace was the most rapid in 2020 with an increase of 56% against the previous year. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

Potato Starch Exports

Exports from the Dominican Republic

In 2021, approx. X tons of potato starch were exported from the Dominican Republic; with an increase of 76% against 2020. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,491%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, potato starch exports soared to $X in 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 2,318%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Haiti (X tons) was the main destination for potato starch exports from the Dominican Republic, accounting for a 99% share of total exports. It was followed by Costa Rica (X kg), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Haiti amounted to +113.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (0.0% per year) and Switzerland (-1.6% per year).

In value terms, Haiti ($X) remains the key foreign market for potato starch exports from the Dominican Republic, comprising 98% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti amounted to +173.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (0.0% per year) and Switzerland (+2.2% per year).

Export Prices by Country

In 2021, the average potato starch export price amounted to $X per ton, reducing by -30.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 52%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Haiti ($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 Haiti (+25.4%).

Potato Starch Imports

Imports into the Dominican Republic

In 2021, the amount of potato starch imported into the Dominican Republic surged to X tons, picking up by 51% on 2020 figures. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 114% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, potato starch imports surged to $X in 2021. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 100%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

The Netherlands (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of potato starch imports to the Dominican Republic, with a combined 56% share of total imports. Brazil, Denmark, Austria, France and Sweden lagged somewhat behind, together accounting for a further 5.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +81.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potato starch suppliers to the Dominican Republic were the Netherlands ($X), Poland ($X) and Germany ($X), with a combined 61% share of total imports. These countries were followed by Denmark, Brazil, Austria, France and Sweden, which together accounted for a further 6%.

Among the main suppliers, Brazil, with a CAGR of +146.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average potato starch import price amounted to $X per ton, shrinking by -6.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 26%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+36.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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