Dominican Republic: Market for Vegetables (Preserved, Frozen) 2024

Market Size for Vegetables (Preserved, Frozen) in the Dominican Republic

The Dominican preserved and frozen vegetable market surged to $X in 2022, growing by 35% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Exports of Vegetables (Preserved, Frozen)

Exports from the Dominican Republic

Preserved and frozen vegetable exports from the Dominican Republic contracted significantly to X tons in 2022, with a decrease of -42.8% compared with the previous year. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 360% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, preserved and frozen vegetable exports fell markedly to $X in 2022. In general, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when exports increased by 488%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for preserved and frozen vegetable exports from the Dominican Republic, with a 97% share of total exports. It was followed by Germany (X tons), with a 1.5% share of total exports.

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: Germany (+12.7% per year) and Haiti (-40.4% per year).

In value terms, the United States ($X) remains the key foreign market for vegetables (preserved, frozen) exports from the Dominican Republic, comprising 97% of total exports. The second position in the ranking was taken by Germany ($X), with a 1.1% share of total exports.

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: Germany (+16.7% per year) and Haiti (-30.7% per year).

Export Prices by Country

In 2022, the average preserved and frozen vegetable export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price recorded a mild curtailment. The pace of growth was the most pronounced in 2015 an increase of 147%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 Haiti (+16.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetables (Preserved, Frozen)

Imports into the Dominican Republic

In 2022, the amount of vegetables (preserved, frozen) imported into the Dominican Republic amounted to X tons, with an increase of 4.7% against the previous year's figure. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 66% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, preserved and frozen vegetable imports skyrocketed to $X in 2022. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of preserved and frozen vegetable to the Dominican Republic, accounting for a 67% share of total imports. Moreover, preserved and frozen vegetable imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +32.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+10.1% per year) and the United States (+0.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of vegetables (preserved, frozen) to the Dominican Republic, comprising 57% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at +32.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.2% per year) and the United States (+8.2% per year).

Import Prices by Country

In 2022, the average preserved and frozen vegetable import price amounted to $X per ton, increasing by 41% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($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 (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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