Price for Vegetables; Seed Potatoes, Fresh or Chilled in the Dominican Republic - 2023
Contents:
- Price for Vegetables; Seed Potatoes, Fresh or Chilled in the Dominican Republic (CIF) - 2022
- Price for Vegetables; Seed Potatoes, Fresh or Chilled in the Dominican Republic (FOB) - 2022
- Imports of Vegetables; Seed Potatoes, Fresh or Chilled in the Dominican Republic
- Exports of Vegetables; Seed Potatoes, Fresh or Chilled in the Dominican Republic
Price for Vegetables; Seed Potatoes, Fresh or Chilled in the Dominican Republic (CIF) - 2022
In 2022, the average import price for vegetables; seed potatoes, fresh or chilleds amounted to $937 per ton, picking up by 7.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2014 an increase of 19%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($999 per ton) and the Netherlands ($954 per ton), while the price for Canada ($667 per ton) and the United States ($935 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Seed Potatoes, Fresh or Chilled in the Dominican Republic (FOB) - 2022
The average export price for vegetables; seed potatoes, fresh or chilleds stood at $234 per ton in 2022, falling by -71.2% against the previous year. Overall, the export price, however, saw noticeable growth. The growth pace was the most rapid in 2021 when the average export price increased by 407%. As a result, the export price reached the peak level of $812 per ton, and then reduced notably in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turks and Caicos Islands ($469 per ton), while the average price for exports to British Virgin Islands totaled $200 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turks and Caicos Islands (-1.6%).
Imports of Vegetables; Seed Potatoes, Fresh or Chilled in the Dominican Republic
In 2022, approx. 4.1K tons of vegetables; seed potatoes, fresh or chilleds were imported into the Dominican Republic; increasing by 48% on the year before. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetables; seed potatoes, fresh or chilleds soared to $3.8M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetables; Seed Potatoes, Fresh or Chilled in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,106 | 991 | 974 | 1,823 | 18.1% |
| Netherlands | 292 | 530 | 215 | 969 | 49.2% |
| Germany | 599 | 1,072 | 640 | 849 | 12.3% |
| Canada | 537 | 395 | 532 | 162 | -32.9% |
| Others | 99.0 | 79.4 | 26.2 | N/A | -48.6% |
| Total | 2,632 | 3,067 | 2,387 | 3,803 | 13.1% |
Top Suppliers of Vegetables; Seed Potatoes, Fresh or Chilled to the Dominican Republic in 2022:
- United States (1.9K tons)
- Netherlands (1.0K tons)
- Germany (0.9K tons)
- Canada (0.2K tons)
Exports of Vegetables; Seed Potatoes, Fresh or Chilled in the Dominican Republic
In 2022, overseas shipments of vegetables; seed potatoes, fresh or chilleds were finally on the rise to reach 5.8 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a dramatic decline.
In value terms, exports of vegetables; seed potatoes, fresh or chilleds surged to $1.3K in 2022. Over the period under review, exports, however, showed a sharp curtailment.
| Export of Vegetables; Seed Potatoes, Fresh or Chilled in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| British Virgin Islands | N/A | N/A | N/A | 1.0 | 0% |
| Turks and Caicos Islands | 0.3 | 0.2 | 0.1 | 0.3 | 0.0% |
| Haiti | 192 | 69.0 | N/A | N/A | -64.1% |
| Jamaica | 33.0 | 19.0 | N/A | N/A | -42.4% |
| Others | 4.7 | 2.3 | 0.5 | N/A | -67.4% |
| Total | 230 | 90.4 | 0.6 | 1.3 | -82.2% |
Top Export Markets for Vegetables; Seed Potatoes, Fresh or Chilled from the Dominican Republic in 2022:
- British Virgin Islands (5.0 tons)
- Turks and Caicos Islands (0.7 tons)
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