Price for Vegetable Products Not Elsewhere Specified or Included in the Dominican Republic - 2023
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in the Dominican Republic (FOB) - 2022
- Price for Vegetable Products Not Elsewhere Specified or Included in the Dominican Republic (CIF) - 2022
- Exports of Vegetable Products Not Elsewhere Specified or Included in the Dominican Republic
- Imports of Vegetable Products Not Elsewhere Specified or Included in the Dominican Republic
Price for Vegetable Products Not Elsewhere Specified or Included in the Dominican Republic (FOB) - 2022
The average export price for vegetable products not elsewhere specified or includeds stood at $5,865 per ton in 2022, growing by 630% against the previous year. Overall, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +48.1% per year.
Price for Vegetable Products Not Elsewhere Specified or Included in the Dominican Republic (CIF) - 2022
In 2022, the average import price for vegetable products not elsewhere specified or includeds amounted to $2,607 per ton, dropping by -44.5% against the previous year. Over the period under review, the import price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 214%. The import price peaked at $6,781 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($10,772 per ton), while the price for the United States stood at $1,314 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+186.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetable Products Not Elsewhere Specified or Included in the Dominican Republic
After three years of growth, overseas shipments of vegetable products not elsewhere specified or includeds decreased by -11.7% to 43 tons in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 93% against the previous year.
In value terms, exports of vegetable products not elsewhere specified or includeds soared to $88K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 64%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Vegetable Products Not Elsewhere Specified or Included in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.2 | 34.2 | 46.6 | 84.9 | 49.9% |
| Russia | N/A | N/A | 10.9 | N/A | 0% |
| Others | 0.1 | 1.4 | 0.9 | 2.7 | 200.0% |
| Total | 25.2 | 35.6 | 58.4 | 87.7 | 51.5% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from the Dominican Republic in 2022:
- United States (42.7 tons)
Imports of Vegetable Products Not Elsewhere Specified or Included in the Dominican Republic
In 2022, the amount of vegetable products not elsewhere specified or includeds imported into the Dominican Republic soared to 2.9 tons, increasing by 46% compared with the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year.
In value terms, imports of vegetable products not elsewhere specified or includeds surged to $7.7K in 2022. In general, imports, however, recorded a drastic downturn.
| Import of Vegetable Products Not Elsewhere Specified or Included in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.7 | 0.1 | N/A | 4.3 | -2.9% |
| United States | 4.2 | 2.0 | 3.1 | 3.3 | -7.7% |
| Others | 1.0 | N/A | N/A | N/A | 0% |
| Total | 10.0 | 2.1 | 3.1 | 7.7 | -8.3% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to the Dominican Republic in 2022:
- United States (2.5 tons)
- China (0.4 tons)
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