Dominican Republic: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in the Dominican Republic

For the fifth consecutive year, the Dominican sauce and seasoning market recorded growth in sales value, which increased by 5.1% to $X in 2021. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sauce and seasoning consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Sauce And Seasoning Production in the Dominican Republic

In value terms, sauce and seasoning production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 39% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Sauce And Seasoning Exports

Exports from the Dominican Republic

In 2021, approx. X tons of sauces and seasonings were exported from the Dominican Republic; which is down by -2.6% on the previous year's figure. Over the period under review, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 42% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, sauce and seasoning exports declined to $X in 2021. In general, exports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2014 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Haiti (X tons), the United States (X tons) and Jamaica (X tons) were the main destinations of sauce and seasoning exports from the Dominican Republic, with a combined 95% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Jamaica (with a CAGR of +9.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Haiti ($X), the United States ($X) and Jamaica ($X) appeared to be the largest markets for sauce and seasoning exported from the Dominican Republic worldwide, together comprising 91% of total exports.

Jamaica, with a CAGR of +5.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sauce and seasoning export price stood at $X per ton in 2021, increasing by 1.6% against the previous year. Overall, the export price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, 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 Haiti (-1.5%), while the prices for the other major destinations experienced a decline.

Sauce And Seasoning Imports

Imports into the Dominican Republic

For the fifth year in a row, the Dominican Republic recorded growth in purchases abroad of sauces and seasonings, which increased by 27% to X tons in 2021. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 41%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, sauce and seasoning imports rose significantly to $X in 2021. Overall, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of sauce and seasoning to the Dominican Republic, with a 79% share of total imports. Moreover, sauce and seasoning imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. The third position in this ranking was taken by Costa Rica (X tons), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+2.4% per year) and Costa Rica (+7.9% per year).

In value terms, the United States ($X) constituted the largest supplier of sauces and seasonings to the Dominican Republic, comprising 78% of total imports. The second position in the ranking was held by Mexico ($X), with a 7.8% share of total imports. It was followed by Costa Rica, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+2.1% per year) and Costa Rica (+5.2% per year).

Import Prices by Country

The average sauce and seasoning import price stood at $X per ton in 2021, shrinking by -11.3% against the previous year. Over the period under review, the import price recorded a mild decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 19%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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