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Dominican Republic - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in the Dominican Republic - 2023
Contents:
- Soups Price in the Dominican Republic (CIF) - 2023
- Soups Price in the Dominican Republic (FOB) - 2023
- Soups Imports in the Dominican Republic
- Soups Exports in the Dominican Republic
Soups Price in the Dominican Republic (CIF) - 2023
The average soups import price stood at $3,400 per ton in March 2023, with a decrease of -2.1% against the previous month. Over the period from January 2023 to March 2023, it increased at an average monthly rate of +3.1%. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 8.5% against the previous month. As a result, import price attained the peak level of $3,472 per ton, and then dropped slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Honduras ($5,779 per ton), while the price for China ($1,503 per ton) was amongst the lowest.
From January 2023 to March 2023, the most notable rate of growth in terms of prices was attained by Honduras (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Soups Price in the Dominican Republic (FOB) - 2023
The average soups export price stood at $2,361 per ton in March 2023, dropping by -23.4% against the previous month. Over the period under review, the export price showed a abrupt downturn. As a result, the export price reached the peak level of $3,243 per ton. From February 2023 to March 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was the United States ($9,355 per ton), while the average price for exports to Haiti ($1,295 per ton) was amongst the lowest.
From January 2023 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+149.9%), while the prices for the other major destinations experienced mixed trend patterns.
Soups Imports in the Dominican Republic
Soups imports into the Dominican Republic reduced to 3.4K tons in 2022, remaining relatively unchanged against 2021. Over the period under review, imports saw a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by 0.2% against the previous year.
In value terms, soups imports reduced to $8.6M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of $9.2M, and then contracted in the following year.
Import of Soups in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Guatemala | 1.7 | 1.9 | 1.7 | 5.3 | 46.1% |
United States | 3.7 | 2.2 | 1.5 | 1.5 | -26.0% |
Turkey | 0.4 | 1.2 | 0.7 | 0.9 | 31.0% |
El Salvador | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
Spain | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
Honduras | 1.9 | 2.1 | 4.4 | N/A | 52.2% |
Others | 0.1 | N/A | 0.3 | 0.2 | 26.0% |
Total | 8.2 | 7.9 | 9.2 | 8.6 | 1.6% |
Top Suppliers of Soups to the Dominican Republic in 2022:
- Guatemala (1716.5 tons)
- United States (656.1 tons)
- Turkey (441.9 tons)
- El Salvador (294.6 tons)
- Spain (119.5 tons)
Soups Exports in the Dominican Republic
After three years of growth, shipments abroad of soups and broths decreased by -11.3% to 1.3K tons in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its volume 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. Based on 2022 figures, exports increased by +44.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, the exports attained the peak of 1.5K tons, and then declined in the following year.
In value terms, soups exports fell to $3.9M in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of $4.3M, and then contracted in the following year.
Export of Soups in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 537 | 645 | 991 | 2,433 | 65.5% |
Guyana | 270 | 340 | 633 | 998 | 54.6% |
Suriname | 421 | 295 | 430 | 327 | -8.1% |
Trinidad and Tobago | 612 | 833 | 1,011 | N/A | 28.5% |
Saint Lucia | 419 | 365 | N/A | N/A | -12.9% |
Jamaica | 661 | 732 | 956 | N/A | 20.3% |
Others | 194 | 248 | 245 | 105 | -18.5% |
Total | 3,112 | 3,459 | 4,267 | 3,863 | 7.5% |
Top Export Markets for Soups from the Dominican Republic in 2022:
- United States (988.8 tons)
- Guyana (200.1 tons)
- Suriname (80.7 tons)
This report provides an in-depth analysis of the soups 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 10891100 - Soups and broths and preparations therefor
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
-
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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