Dominican Republic: Sugar Crop Market 2024

Sugar Crop Market Size in the Dominican Republic

The Dominican sugar crop market dropped to $X in 2022, almost unchanged from the previous year. Overall, consumption, however, showed a moderate expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Sugar Crop Production in the Dominican Republic

In value terms, sugar crop production shrank slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average yield of sugar crops in the Dominican Republic totaled X tons per ha, approximately mirroring the previous year. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. The sugar crop yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of sugar crops were harvested in the Dominican Republic; which is down by X% against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% against the previous year. The sugar crop harvested area peaked at X ha in 2021, and then declined modestly in the following year.

Sugar Crop Exports

Exports from the Dominican Republic

Sugar crop exports from the Dominican Republic contracted rapidly to X tons in 2022, with a decrease of X% against the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sugar crop exports contracted sharply to $X in 2022. Overall, exports, however, recorded a modest expansion. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for sugar crop exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, sugar crop exports to the United States exceeded the volume sent to the second major destination, Turks and Caicos Islands (X tons), threefold. The third position in this ranking was held by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for sugar crops exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Turks and Caicos Islands ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (X% per year) and France (X% per year).

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

Sugar Crop Imports

Imports into the Dominican Republic

In 2022, the amount of sugar crops imported into the Dominican Republic surged to X tons, with an increase of X% compared with the previous year. Overall, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sugar crop imports surged to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons) and Spain (X tons) were the main suppliers of sugar crop imports to the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%).

In value terms, Spain ($X) constituted the largest supplier of sugar crops to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at X%.

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China amounted to $X per ton.

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

Source: IndexBox Platform

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