Dominican Republic: Vegetable Puree Market 2024

Vegetable Puree Market Size in the Dominican Republic

The Dominican vegetable puree market soared to $X in 2022, increasing by 591% against the previous year. Overall, consumption, however, showed a pronounced downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Vegetable Puree Production in the Dominican Republic

In value terms, vegetable puree production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 18% against the previous year. Vegetable puree production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Vegetable Puree Exports

Exports from the Dominican Republic

In 2022, approx. X tons of vegetable puree were exported from the Dominican Republic; which is down by -25.6% against the previous year's figure. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 198%. As a result, the exports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, vegetable puree exports shrank markedly to $X in 2022. Overall, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 169%. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

The United States (X tons) was the main destination for vegetable puree exports from the Dominican Republic, with a 86% share of total exports. Moreover, vegetable puree exports to the United States exceeded the volume sent to the second major destination, Haiti (X tons), more than tenfold. France (X tons) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+58.0% per year) and France (+57.5% per year).

In value terms, the United States ($X) remains the key foreign market for vegetable puree exports from the Dominican Republic, comprising 87% of total exports. The second position in the ranking was held by Haiti ($X), with a 4.4% share of total exports. It was followed by France, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+48.1% per year) and France (+62.8% per year).

Export Prices by Country

In 2022, the average vegetable puree export price amounted to $X per ton, falling by -3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2014 when the average export price increased by 21%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Haiti ($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 Aruba (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Puree Imports

Imports into the Dominican Republic

In 2022, approx. X tons of vegetable puree were imported into the Dominican Republic; shrinking by -7.4% compared with the previous year. Overall, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 226%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, vegetable puree imports expanded modestly to $X in 2022. In general, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 261% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Mexico (X tons), Argentina (X tons) and Sweden (X tons) were the main suppliers of vegetable puree imports to the Dominican Republic, together accounting for 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +54.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable puree suppliers to the Dominican Republic were Mexico ($X), Argentina ($X) and Sweden ($X), with a combined 97% share of total imports.

In terms of the main suppliers, Argentina, with a CAGR of +66.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vegetable puree import price stood at $X per ton in 2022, surging by 9.9% against the previous year. Over the period under review, the import price, however, showed a noticeable contraction. The growth pace was the most rapid in 2021 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+7.3%).

Source: IndexBox Platform

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