Dominican Republic: Vegetable Market 2024

Vegetable Market Size in the Dominican Republic

In 2022, after two years of decline, there was growth in the Dominican vegetable market, when its value increased by X% to $X. Over the period under review, consumption posted a buoyant increase. Vegetable consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Vegetable Production in the Dominican Republic

In value terms, vegetable production shrank modestly to $X in 2022 estimated in export price. In general, production saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

The average yield of vegetables in the Dominican Republic reduced to X tons per ha in 2022, approximately mirroring the previous year. In general, the yield indicated a perceptible increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable yield increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the yield increased by X%. Over the period under review, the average vegetable yield hit record highs at X tons per ha in 2021, and then reduced in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The vegetable harvested area in the Dominican Republic amounted to X ha in 2022, therefore, remained relatively stable against the year before. Overall, the total harvested area indicated pronounced growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable harvested area decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the vegetable harvested area remained at a somewhat lower figure.

Vegetable Exports

Exports from the Dominican Republic

In 2022, the amount of vegetables exported from the Dominican Republic amounted to X tons, surging by X% on 2021. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, vegetable exports declined slightly to $X in 2022. In general, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

The United States (X tons) was the main destination for vegetable exports from the Dominican Republic, with a X% share of total exports. Moreover, vegetable exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), sevenfold. The third position in this ranking was taken by France (X tons), with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for vegetables exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Canada ($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 amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and France (X% per year).

Export Prices by Country

The average vegetable export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Haiti ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Imports

Imports into the Dominican Republic

Vegetable imports into the Dominican Republic surged to X tons in 2022, jumping by X% on 2021. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, vegetable imports surged to $X in 2022. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The Netherlands (X tons), the United States (X tons) and China (X tons) were the main suppliers of vegetable imports to the Dominican Republic, with a combined X% share of total imports. Canada, Peru and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest vegetable suppliers to the Dominican Republic were the United States ($X), China ($X) and the Netherlands ($X), with a combined X% share of total imports. Canada, Peru and Germany lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Peru, with a CAGR of X%, recorded 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 import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, 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 China ($X per ton), while the price for the Netherlands ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :