Dominican Republic - Potato - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPotato Price in the Dominican Republic - 2023
Contents:
- Potato Price in the Dominican Republic (CIF) - 2023
- Potato Price in the Dominican Republic (FOB) - 2022
- Potato Imports in the Dominican Republic
- Potato Exports in the Dominican Republic
Potato Price in the Dominican Republic (CIF) - 2023
In March 2023, the average potato import price amounted to $777 per ton, with an increase of 8.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 30% month-to-month. Over the period under review, average import prices attained the peak figure at $853 per ton in November 2022; however, from December 2022 to March 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($1,167 per ton), while the price for Canada ($687 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Belgium (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Potato Price in the Dominican Republic (FOB) - 2022
In 2022, the average potato export price amounted to $767 per ton, growing by 70% against the previous year. In general, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 139% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($805 per ton) and Aruba ($685 per ton), while the average price for exports to Turks and Caicos Islands ($563 per ton) and British Virgin Islands ($632 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Curacao (+4.0%), while the prices for the other major destinations experienced a decline.
Potato Imports in the Dominican Republic
In 2022, imports of potatoes into the Dominican Republic soared to 28K tons, with an increase of 58% against the year before. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, potato imports skyrocketed to $20M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Potato in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.3 | 4.0 | 9.2 | 12.4 | 32.8% |
| Canada | 1.2 | 0.5 | 1.3 | 4.5 | 55.4% |
| Netherlands | 0.6 | 2.2 | 0.6 | 2.3 | 56.5% |
| Germany | 0.6 | 1.1 | 0.6 | 1.0 | 18.6% |
| Others | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Total | 7.9 | 7.8 | 11.7 | 20.4 | 37.2% |
Top Suppliers of Potato to the Dominican Republic in 2022:
- United States (15.4K tons)
- Canada (7.7K tons)
- Netherlands (3.5K tons)
- Germany (1.1K tons)
Potato Exports in the Dominican Republic
For the third year in a row, the Dominican Republic recorded decline in overseas shipments of potatoes, which decreased by -40.7% to 33 tons in 2022. In general, exports saw a dramatic setback.
In value terms, potato exports stood at $25K in 2022. Over the period under review, exports recorded a precipitous shrinkage.
| Export of Potato in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 54.2 | 14.4 | 3.1 | 20.8 | -27.3% |
| Aruba | N/A | N/A | 2.5 | 1.3 | -48.0% |
| British Virgin Islands | N/A | N/A | N/A | 1.2 | 0% |
| Turks and Caicos Islands | 0.9 | 0.2 | 0.7 | 1.2 | 10.1% |
| Curacao | 0.5 | N/A | 1.3 | 0.8 | 17.0% |
| Haiti | 1,598 | 148 | N/A | N/A | -90.7% |
| Others | 54.0 | 43.5 | 17.7 | N/A | -42.7% |
| Total | 1,708 | 206 | 25.2 | 25.3 | -75.4% |
Top Export Markets for Potato from the Dominican Republic in 2022:
- United States (25.8 tons)
- Turks and Caicos Islands (2.1 tons)
- British Virgin Islands (1.9 tons)
- Aruba (1.9 tons)
- Curacao (1.2 tons)
This report provides an in-depth analysis of the potato 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:
- FCL 116 - Potatoes
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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