Dominican Republic - Frozen Fruits - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fruit Price in the Dominican Republic - 2023
Contents:
- Frozen Fruit Price in the Dominican Republic (CIF) - 2023
- Frozen Fruit Price in the Dominican Republic (FOB) - 2022
- Frozen Fruit Imports in the Dominican Republic
- Frozen Fruit Exports in the Dominican Republic
Frozen Fruit Price in the Dominican Republic (CIF) - 2023
The average frozen fruit import price stood at $2,926 per ton in March 2023, rising by 15% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 31% against the previous month. Over the period under review, average import prices attained the peak figure at $3,558 per ton in April 2022; however, from May 2022 to March 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($7,308 per ton), while the price for Spain ($2,615 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Peru (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fruit Price in the Dominican Republic (FOB) - 2022
In 2021, the average frozen fruit export price amounted to $1,445 per ton, reducing by -5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. The export price peaked at $1,942 per ton in 2015; however, from 2016 to 2021, 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 the United States ($1,412 per ton), while the average price for exports to the Netherlands ($360 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.1%), while the prices for the other major destinations experienced a decline.
Frozen Fruit Imports in the Dominican Republic
In 2022, overseas purchases of frozen fruits decreased by -0.6% to 1.7K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 23%.
In value terms, frozen fruit imports declined to $3.3M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 37%.
Import of Frozen Fruit in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 1,181 | 1,238 | 1,131 | -2.1% | |
Spain | 175 | 531 | 891 | 125.6% | |
Egypt | 32.4 | 40.7 | 600 | 330.3% | |
United States | 515 | 468 | 582 | 6.3% | |
Belgium | 46.5 | 34.0 | 172 | 92.3% | |
Chile | 34.7 | 63.1 | 110 | 78.0% | |
Peru | 152 | 92.8 | 86.6 | -24.5% | |
Others | 95.9 | 584 | 34.7 | -39.8% | |
Total | 2,232 | 3,051 | 3,607 | 27.1% |
Top Suppliers of Frozen Fruit to the Dominican Republic in 2022:
- China (747.6 tons)
- Egypt (362.4 tons)
- Spain (349.5 tons)
- United States (151.3 tons)
- Peru (80.1 tons)
- Belgium (74.6 tons)
- Chile (37.2 tons)
Frozen Fruit Exports in the Dominican Republic
In 2022, exports of frozen fruits from the Dominican Republic contracted to 46 tons, falling by -12% against 2021. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year.
In value terms, frozen fruit exports reduced to $68K in 2022. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 25%.
Export of Frozen Fruit in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
United States | 1,449 | 1,656 | 83.4 | -76.0% | |
Belgium | N/A | N/A | 11.9 | 0% | |
Netherlands | 107 | N/A | 6.5 | -75.4% | |
France | 3.7 | N/A | 2.0 | -26.5% | |
Turks and Caicos Islands | N/A | N/A | 1.2 | 0% | |
Belarus | 36.3 | N/A | N/A | 0% | |
Canada | 17.2 | 47.6 | N/A | 176.7% | |
Ukraine | 77.3 | 34.4 | N/A | -55.5% | |
Others | -1,568.9 | -1,677.2 | -28.9 | -86.4% | |
Total | 122 | 60.9 | 76.1 | -21.0% |
Top Export Markets for Frozen Fruit from the Dominican Republic in 2022:
- United States (59.1 tons)
- Belgium (26.8 tons)
- Netherlands (18.0 tons)
- Turks and Caicos Islands (2.5 tons)
- France (2.5 tons)
This report provides an in-depth analysis of the frozen fruit market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10392100 - Frozen fruit and nuts uncooked or cooked by steaming or boiling in water
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for frozen fruit around the world, including key statistics and market insights.
Global frozen fruit trade expanded to $7.1B in 2021.
Global frozen fruit imports continue to grow in physical terms, expanding twofold over the past decade. In 2020, global imports rose by +3% y-o-y to 2.7M tons. In value terms, imports reached $5.8B last year. The U.S. and Germany remain the largest importers of frozen fruits worldwide, with a combined 34%-share of the global figure. The U.S. featured the highest growth rate of imports in physical terms in 2020. The average global frozen fruit import price amounted to $2,121 per ton in 2020, increasing by +8.2% y-o-y.
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