Dominican Republic: Sweet Potato Market 2024

Sweet Potato Market Size in the Dominican Republic

The Dominican sweet potato market reached $X in 2022, almost unchanged from the previous year. Overall, consumption saw a resilient expansion. Sweet potato consumption peaked in 2022 and is likely to continue growth in years to come.

Sweet Potato Production in the Dominican Republic

In value terms, sweet potato production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of sweet potatoes in the Dominican Republic rose modestly to X tons per ha in 2022, picking up by X% against the previous year. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. The sweet potato yield peaked in 2022 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sweet potatoes in the Dominican Republic rose slightly to X ha, growing by X% compared with 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sweet potato production attained the peak figure in 2022 and is expected to retain growth in the near future.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Sweet Potato Exports

Exports from the Dominican Republic

In 2022, the amount of sweet potatoes exported from the Dominican Republic declined to X tons, dropping by X% compared with the year before. Over the period under review, exports, however, saw a mild increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sweet potato exports shrank slightly to $X in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for sweet potato exports from the Dominican Republic, with a X% share of total exports. It was followed by British Virgin Islands (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: British Virgin Islands (X% per year) and Haiti (X% per year).

In value terms, the United States ($X) remains the key foreign market for sweet potatoes exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by British Virgin Islands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: British Virgin Islands (X% per year) and Haiti (X% per year).

Export Prices by Country

In 2022, the average sweet potato export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 the United States ($X per ton), while the average price for exports to Haiti ($X 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 Haiti (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sweet Potato Imports

Imports into the Dominican Republic

In 2022, the amount of sweet potatoes imported into the Dominican Republic declined to X tons, falling by X% against 2021. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sweet potato imports fell notably to $X in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main sweet potato supplier to the Dominican Republic, with a X% share of total imports. Moreover, sweet potato imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of sweet potatoes to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%.

Import Prices by Country

In 2022, the average sweet potato import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Belgium ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform