Dominican Republic: Yams Market 2024

Yams Market Size in the Dominican Republic

The Dominican yams market contracted to $X in 2022, declining by -4.9% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Yams Production in the Dominican Republic

In value terms, yams production fell slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 32%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The average yield of yams in the Dominican Republic contracted modestly to X tons per ha in 2022, approximately reflecting the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 7.4%. The yams yield peaked at X tons per ha in 2021, and then shrank modestly 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 yams harvested area in the Dominican Republic declined slightly to X ha in 2022, which is down by -2% compared with 2021. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the harvested area increased by 13% against the previous year. Over the period under review, the harvested area dedicated to yams production attained the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Yams Exports

Exports from the Dominican Republic

In 2022, shipments abroad of yams was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, yams exports skyrocketed to $X in 2022. Overall, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for yams exports from the Dominican Republic, accounting for a 39% share of total exports. Moreover, yams exports to the United States exceeded the volume sent to the second major destination, France (X tons), twofold. Aruba (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+28.6% per year) and Aruba (+75.8% per year).

In value terms, the United States ($X) emerged as the key foreign market for yams exports from the Dominican Republic, comprising 39% of total exports. The second position in the ranking was held by France ($X), with a 17% share of total exports. It was followed by Aruba, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+28.0% per year) and Aruba (+94.0% per year).

Export Prices by Country

In 2022, the average yams export price amounted to $X per ton, increasing by 67% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2016; however, from 2017 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 ($X per ton), while the average price for exports to Curacao ($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 (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Yams Imports

Imports into the Dominican Republic

In 2019, imports of yams into the Dominican Republic totaled X tons, almost unchanged from the previous year. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 864% against the previous year. Over the period under review, imports reached the maximum in 2019 and are expected to retain growth in years to come.

In value terms, yams imports stood at $X in 2019. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 427% against the previous year. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, Colombia (X tons) was the main supplier of yams to the Dominican Republic, with a approx. 100% share of total imports.

From 2013 to 2019, the average annual growth rate of volume from Colombia totaled +3.5%.

In value terms, Colombia ($X) constituted the largest supplier of yams to the Dominican Republic.

From 2013 to 2019, the average annual growth rate of value from Colombia stood at +26.3%.

Import Prices by Country

In 2019, the average yams import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price posted modest growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2019, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Colombia.

From 2013 to 2019, the rate of growth in terms of prices for the United States amounted to +94.6% per year.

Source: IndexBox Platform

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