Onion Price in the Dominican Republic - 2023
Contents:
- Onion Price in the Dominican Republic (CIF) - 2022
- Onion Price in the Dominican Republic (FOB) - 2022
- Onion Imports in the Dominican Republic
- Onion Exports in the Dominican Republic
Onion Price in the Dominican Republic (CIF) - 2022
The average onion import price stood at $398 per ton in 2022, with a decrease of -30.9% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, onion import price decreased by -34.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 69% against the previous year. Over the period under review, average import prices attained the maximum at $603 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,336 per ton), while the price for the Netherlands ($386 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 (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Onion Price in the Dominican Republic (FOB) - 2022
The average onion export price stood at $1,346 per ton in 2022, with an increase of 10% against the previous year. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 121% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,042 per ton), while the average price for exports to Haiti ($1,281 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 Turks and Caicos Islands (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Imports in the Dominican Republic
In 2022, onion imports into the Dominican Republic surged to 28K tons, picking up by 99% on the previous year's figure. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, onion imports surged to $11M in 2022. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 93%. As a result, imports attained the peak of $13M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Onion in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.2 | 9.7 | 7.3 | 9.8 | 32.6% |
| Peru | 1.3 | 0.9 | 0.4 | 0.9 | -11.5% |
| United States | 0.2 | 2.4 | 0.4 | 0.2 | 0.0% |
| Others | 1.2 | 0.2 | N/A | 0.1 | -56.3% |
| Total | 6.8 | 13.2 | 8.1 | 11.0 | 17.4% |
Top Suppliers of Onion to the Dominican Republic in 2022:
- Netherlands (25.5K tons)
- Peru (2.0K tons)
- United States (0.2K tons)
Onion Exports in the Dominican Republic
Onion exports from the Dominican Republic dropped remarkably to 5.9 tons in 2022, waning by -19.1% against 2021. Over the period under review, exports faced a sharp decrease.
In value terms, onion exports fell to $7.9K in 2022. Overall, exports faced a dramatic descent.
| Export of Onion in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 138 | 15.3 | 1.3 | 7.1 | -62.8% |
| United States | 6.6 | 3.2 | 4.6 | 0.7 | -52.7% |
| Turks and Caicos Islands | 2.1 | 0.3 | 1.3 | 0.2 | -54.3% |
| Colombia | 8.0 | N/A | N/A | N/A | 0% |
| Jamaica | 4.3 | 3.1 | N/A | N/A | -27.9% |
| Others | 6.0 | 0.1 | 1.7 | N/A | -46.8% |
| Total | 165 | 21.9 | 8.9 | 7.9 | -63.7% |
Top Export Markets for Onion from the Dominican Republic in 2022:
- Haiti (5.5 tons)
- United States (0.2 tons)
- Turks and Caicos Islands (0.1 tons)
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