Dominican Republic: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in the Dominican Republic

The Dominican pasta and couscous market rose markedly to $X in 2022, increasing by 11% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Pasta And Couscous Production in the Dominican Republic

In value terms, pasta and couscous production expanded notably to $X in 2022 estimated in export price. Overall, production showed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. Pasta and couscous production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Pasta And Couscous Exports

Exports from the Dominican Republic

In 2022, overseas shipments of stuffed pasta and couscous decreased by -82.3% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2015 with an increase of 278%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, pasta and couscous exports shrank remarkably to $X in 2022. In general, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2015 with an increase of 434%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for pasta and couscous exports from the Dominican Republic, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -18.6%.

In value terms, the United States ($X) also remains the key foreign market for stuffed pasta and couscous exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -21.6%.

Export Prices by Country

In 2022, the average pasta and couscous export price amounted to $X per ton, dropping by -61.7% against the previous year. In general, the export price showed a pronounced slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to +1.5% per year.

Pasta And Couscous Imports

Imports into the Dominican Republic

In 2022, purchases abroad of stuffed pasta and couscous increased by 31% to X tons, rising for the second year in a row after two years of decline. In general, imports saw buoyant growth. The growth pace was the most rapid in 2013 with an increase of 50%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, pasta and couscous imports surged to $X in 2022. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Brazil (X tons) were the main suppliers of pasta and couscous imports to the Dominican Republic, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +968.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of stuffed pasta and couscous to the Dominican Republic, comprising 61% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Brazil, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+29.6% per year) and Brazil (+948.2% per year).

Import Prices by Country

In 2022, the average pasta and couscous import price amounted to $X per ton, with an increase of 7.5% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta and couscous import price decreased by -6.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 48%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 the United States (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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