Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Dominican Republic - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Dominican Republic (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Dominican Republic (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in the Dominican Republic
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in the Dominican Republic
Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Dominican Republic (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $6,124 per ton, waning by -7.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 24%. The import price peaked at $6,642 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($11,750 per ton), while the price for Morocco ($1,880 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Dominican Republic (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $3,330 per ton, growing by 12% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; mixtures of 2 or more products of the same heading increased by +14.7% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 79%. Over the period under review, the average export prices hit record highs at $4,194 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,616 per ton), while the average price for exports to Canada ($695 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 the UK (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in the Dominican Republic
In 2022, purchases abroad of spices; mixtures of 2 or more products of the same heading decreased by -1.6% to 160 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 +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 26%. As a result, imports attained the peak of 163 tons, and then dropped in the following year.
In value terms, imports of spices; mixtures of 2 or more products of the same heading fell to $982K in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of $1.1M, and then fell in the following year.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 291 | 370 | 447 | 372 | 8.5% |
| India | 82.4 | 97.3 | 128 | 184 | 30.7% |
| Spain | 93.8 | 118 | 239 | 150 | 16.9% |
| Turkey | 16.4 | 105 | 177 | 143 | 105.8% |
| Egypt | 7.5 | 5.3 | 15.1 | 50.6 | 89.0% |
| China | 10.6 | 3.4 | 18.4 | 15.1 | 12.5% |
| Morocco | 1.7 | 6.3 | 1.4 | 8.0 | 67.6% |
| Others | 39.6 | 51.1 | 56.2 | 58.4 | 13.8% |
| Total | 543 | 756 | 1,083 | 982 | 21.8% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to the Dominican Republic in 2022:
- India (44.0 tons)
- Turkey (36.8 tons)
- United States (35.6 tons)
- Spain (13.2 tons)
- Egypt (12.3 tons)
- China (5.9 tons)
- Morocco (4.3 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in the Dominican Republic
In 2022, the amount of spices; mixtures of 2 or more products of the same heading exported from the Dominican Republic skyrocketed to 74 tons, with an increase of 28% against the previous year's figure. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 313%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of spices; mixtures of 2 or more products of the same heading skyrocketed to $248K in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 324%. Over the period under review, the exports of spices; mixtures of 2 or more products of same heading reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 105 | 33.3 | 150 | 215 | 27.0% |
| Canada | N/A | N/A | N/A | 4.9 | 0% |
| Turks and Caicos Islands | 6.2 | 0.7 | 0.9 | 3.9 | -14.3% |
| Others | 10.0 | 6.7 | 21.8 | 24.3 | 34.4% |
| Total | 122 | 40.8 | 173 | 248 | 26.7% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from the Dominican Republic in 2022:
- United States (59.4 tons)
- Canada (7.0 tons)
- Turks and Caicos Islands (2.9 tons)
93
This report provides an in-depth analysis of the market for spices except pepper or ginger in the Dominican Republic.
892
This report provides an in-depth analysis of the ginger market in the Dominican Republic.
328
This report provides an in-depth analysis of the market for dog and cat food in the Dominican Republic.
639
This report provides an in-depth analysis of the apricot market in the Dominican Republic.
514
This report provides an in-depth analysis of the virgin olive oil market in the Dominican Republic.
530
This report provides an in-depth analysis of the paint and varnish market in the Dominican Republic.
272
This report provides an in-depth analysis of the olive oil market in the Dominican Republic.
290
This report provides an in-depth analysis of the market for urea and thiourea resins in the Dominican Republic.
269
This report provides an in-depth analysis of the diphosphorus pentaoxide market in the Dominican Republic.
303
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in the Dominican Republic.
1303
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1138
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
825
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
8009
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8696
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1419
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
8020
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
12183
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1717
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3505
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
