Dominican Republic: Yautia (Cocoyam) Market 2024

Yautia (Cocoyam) Market Size in the Dominican Republic

The Dominican yautia (cocoyam) market declined modestly to $X in 2022, which is down by -3.6% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Yautia (cocoyam) consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Yautia (Cocoyam) Production in the Dominican Republic

In value terms, yautia (cocoyam) production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 25% against the previous year. Yautia (cocoyam) production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average yautia (cocoyam) yield in the Dominican Republic reached X tons per ha, standing approx. at 2021 figures. The yield figure increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the yield increased by 13% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average yautia (cocoyam) yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The yautia (cocoyam) harvested area in the Dominican Republic totaled X ha in 2022, approximately mirroring the previous year. Overall, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the harvested area increased by 8.2%. Over the period under review, the harvested area dedicated to yautia (cocoyam) production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Yautia (Cocoyam) Exports

Exports from the Dominican Republic

In 2022, overseas shipments of yautia increased by 138% to X tons, rising for the second year in a row after four years of decline. Overall, exports, however, saw a noticeable reduction. The growth pace was the most rapid in 2016 with an increase of 187% against the previous year. Over the period under review, the (cocoyam) exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, yautia (cocoyam) exports surged to $X in 2022. In general, exports, however, continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2016 when exports increased by 263%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the (cocoyam) exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for yautia (cocoyam) exports from the Dominican Republic, accounting for a 90% share of total exports. Moreover, yautia (cocoyam) exports to the United States exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was held by Aruba (X tons), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.0% per year) and Aruba (+124.9% per year).

In value terms, the United States ($X) remains the key foreign market for yautia exports from the Dominican Republic, comprising 89% of total exports. The second position in the ranking was taken by Aruba ($X), with a 4% share of total exports. It was followed by France, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+135.5% per year) and France (+3.3% per year).

Export Prices by Country

In 2022, the average yautia (cocoyam) export price amounted to $X per ton, increasing by 33% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 38%. The export price peaked at $X per ton in 2018; however, from 2019 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 Aruba (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Yautia (Cocoyam) Imports

Imports into the Dominican Republic

In 2022, yautia (cocoyam) imports into the Dominican Republic skyrocketed to X tons, picking up by 1,487,479% against 2021. Overall, imports posted a significant expansion. Over the period under review, (cocoyam) imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, yautia (cocoyam) imports surged to $X in 2022. Over the period under review, imports posted a significant expansion. Over the period under review, (cocoyam) imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ecuador (X tons) was the main supplier of yautia (cocoyam) to the Dominican Republic, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador totaled +48.7%.

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

From 2012 to 2022, the average annual growth rate of value from Ecuador stood at +52.8%.

Import Prices by Country

The average yautia (cocoyam) import price stood at $X per ton in 2022, falling by -4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 127% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +4.5% per year.

Source: IndexBox Platform

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