Report Update Nov 1, 2024

Dominican Republic - Vanilla - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Vanilla Market 2024

Vanilla Market Size in the Dominican Republic

The Dominican vanilla market declined slightly to $X in 2022, falling by -4% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Vanilla Production in the Dominican Republic

In value terms, vanilla production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 28% against the previous year. Vanilla production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of vanilla in the Dominican Republic was estimated at less than X kg per ha in 2022, almost unchanged from the year before. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The vanilla harvested area in the Dominican Republic was estimated at less than X ha in 2022, leveling off at 2021 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Vanilla Exports

Exports from the Dominican Republic

After two years of growth, overseas shipments of vanilla decreased by -13% to X tons in 2022. Over the period under review, exports recorded a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 786%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, vanilla exports reduced to $X in 2022. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 168% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for vanilla exports from the Dominican Republic, with a approx. 50% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +1,400.0%.

In value terms, the Netherlands ($X) emerged as the key foreign market for vanilla exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +199.8%.

Export Prices by Country

In 2022, the average vanilla export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price saw a deep setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 331%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to +5.3% per year.

Vanilla Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of vanilla was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted a perceptible expansion. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, vanilla imports surged to $X in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 1,063%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of vanilla to the Dominican Republic, accounting for a 100% share of total imports. It was followed by Germany (X kg), with a 0.1% share of total imports.

From 2016 to 2022, the average annual growth rate of volume from the United States stood at +8.7%.

In value terms, the United States ($X) constituted the largest supplier of vanilla to the Dominican Republic, comprising 99% of total imports. The second position in the ranking was held by Germany ($X), with a 0.5% share of total imports.

From 2016 to 2022, the average annual rate of growth in terms of value from the United States totaled +53.2%.

Import Prices by Country

The average vanilla import price stood at $X per ton in 2022, flattening at the previous year. In general, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2018 an increase of 10% 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 remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States stood at $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vanilla in the world?

Indonesia remains the largest vanilla consuming country worldwide, accounting for 31% of total volume. Moreover, vanilla consumption in Indonesia exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Mexico, with a 6.9% share.

What are the largest producers of vanilla in the world?

The countries with the highest volumes of vanilla production in 2020 were Indonesia, Madagascar and Mexico, together accounting for 73% of global production. These countries were followed by Papua New Guinea, China, Turkey and Uganda, which together accounted for a further 21%.

What are the leading suppliers of vanilla to the Dominican Republic?

In value terms, the United States constituted the largest supplier of vanilla to the Dominican Republic.

What are the leading importers of vanilla from the Dominican Republic?

In value terms, the United States and Germany constituted the largest markets for vanilla exported from the Dominican Republic worldwide.

What is the average export price for vanilla in the Dominican Republic?

The average vanilla export price stood at $4,870 per ton in 2020, falling by -69.7% against the previous year.

What is the average import price for vanilla in the Dominican Republic?

In 2020, the average vanilla import price amounted to $29,000 per ton, falling by -4.6% against the previous year.

This report provides an in-depth analysis of the vanilla market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 692 - Vanilla

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023