Dominican Republic: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in the Dominican Republic

In 2022, the Dominican temporarily preserved vegetable market decreased by -3.3% to $X, falling for the second year in a row after six years of growth. In general, consumption, however, enjoyed a significant increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Temporarily Preserved Vegetable Production in the Dominican Republic

In value terms, temporarily preserved vegetable production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 12% against the previous year. Temporarily preserved vegetable production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Temporarily Preserved Vegetable Exports

Exports from the Dominican Republic

In 2022, the amount of vegetables (temporarily preserved) exported from the Dominican Republic shrank to X tons, with a decrease of -12.9% on the previous year. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 100% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, temporarily preserved vegetable exports fell to $X in 2022. Overall, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 146% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for temporarily preserved vegetable exports from the Dominican Republic, with a 97% share of total exports. It was followed by Canada (X tons), with a 1.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-18.1% per year) and the UK (-27.8% per year).

In value terms, the United States ($X) remains the key foreign market for vegetables (temporarily preserved) exports from the Dominican Republic, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-25.2% per year) and the UK (-20.6% per year).

Export Prices by Country

The average temporarily preserved vegetable export price stood at $X per ton in 2022, increasing by 7.2% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, temporarily preserved vegetable export price increased by +49.4% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 28%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 UK ($X per ton), while the average price for exports to Canada ($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 UK (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.

Temporarily Preserved Vegetable Imports

Imports into the Dominican Republic

In 2022, after two years of growth, there was significant decline in supplies from abroad of vegetables (temporarily preserved), when their volume decreased by -45.1% to X tons. Over the period under review, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by 64% against the previous year. Imports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, temporarily preserved vegetable imports fell sharply to $X in 2022. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 88% against the previous year. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

Morocco (X tons), Spain (X tons) and Portugal (X tons) were the main suppliers of temporarily preserved vegetable imports to the Dominican Republic, with a combined 100% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +21.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest temporarily preserved vegetable suppliers to the Dominican Republic were Morocco ($X), Spain ($X) and Portugal ($X), with a combined 99% share of total imports.

Morocco, with a CAGR of +17.6%, saw the highest rates of growth with regard to 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

In 2022, the average temporarily preserved vegetable import price amounted to $X per ton, with an increase of 25% against the previous year. Overall, the import price, however, recorded a mild shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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