Dominican Republic: Prepared Mustard Market 2024

Prepared Mustard Market Size in the Dominican Republic

The Dominican prepared mustard market reached $X in 2021, growing by 6.5% against the previous year. In general, consumption, however, posted strong growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Prepared Mustard Production in the Dominican Republic

In value terms, prepared mustard production rose notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 87%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Prepared Mustard Exports

Exports from the Dominican Republic

In 2021, exports of prepared mustard from the Dominican Republic shrank modestly to X tons, standing approx. at the previous year. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 241% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then declined in the following year.

In value terms, prepared mustard exports soared to $X in 2021. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 308%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for prepared mustard exports from the Dominican Republic, accounting for a 97% share of total exports. It was followed by Cuba (X tons), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Haiti amounted to +30.4%.

In value terms, Haiti ($X) remains the key foreign market for prepared mustard exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was taken by Cuba ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti totaled +30.2%.

Export Prices by Country

In 2021, the average prepared mustard export price amounted to $X per ton, increasing by 74% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 83% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Haiti totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (-0.1%), while the prices for the other major destinations experienced a decline.

Prepared Mustard Imports

Imports into the Dominican Republic

In 2021, the amount of prepared mustard imported into the Dominican Republic surged to X tons, growing by 39% against the year before. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 41% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, prepared mustard imports soared to $X in 2021. Overall, imports showed a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 40%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of prepared mustard to the Dominican Republic, with a 71% share of total imports. Moreover, prepared mustard imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+7.0% per year) and France (+4.4% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared mustard to the Dominican Republic, comprising 71% of total imports. The second position in the ranking was taken by Canada ($X), with a 16% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+10.4% per year) and France (+8.6% per year).

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, with a decrease of -4.9% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared mustard import price decreased by -14.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Colombia ($X per ton) and France ($X per ton), while the price for Canada ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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