Dominican Republic: Prepared Drier Market 2024

Prepared Drier Market Size in the Dominican Republic

The Dominican prepared drier market skyrocketed to $X in 2022, growing by X% 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). Overall, consumption posted resilient growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Prepared Drier Exports

Exports from the Dominican Republic

Prepared drier exports from the Dominican Republic declined to X tons in 2022, which is down by X% against 2021. In general, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared drier exports contracted remarkably to $X in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for prepared drier exports from the Dominican Republic, with a X% share of total exports. Moreover, prepared drier exports to Haiti exceeded the volume sent to the second major destination, Jamaica (X tons), twofold. The third position in this ranking was held by Suriname (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Suriname (X% per year).

In value terms, the largest markets for prepared drier exported from the Dominican Republic were Haiti ($X), Jamaica ($X) and Suriname ($X), together comprising X% of total exports.

In terms of the main countries of destination, Jamaica, with a CAGR of X%, recorded the highest rates of growth with regard to 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 prepared drier export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Drier Imports

Imports into the Dominican Republic

Prepared drier imports into the Dominican Republic soared to X tons in 2022, with an increase of X% compared with the year before. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, prepared drier imports skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X tons) constituted the largest prepared drier supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, prepared drier imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Colombia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Colombia (X% per year).

In value terms, the largest prepared drier suppliers to the Dominican Republic were Thailand ($X), the United States ($X) and Colombia ($X), together accounting for X% of total imports.

Colombia, with a CAGR of X%, saw the highest growth rate of 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

The average prepared drier import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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