Dominican Republic - Frozen Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Vegetable Price in the Dominican Republic - 2023
Contents:
- Frozen Vegetable Price in the Dominican Republic (CIF) - 2022
- Frozen Vegetable Price in the Dominican Republic (FOB) - 2022
- Frozen Vegetable Imports in the Dominican Republic
- Frozen Vegetable Exports in the Dominican Republic
Frozen Vegetable Price in the Dominican Republic (CIF) - 2022
The average frozen vegetable import price stood at $1,171 per ton in 2022, growing by 39% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,008 per ton), while the price for Belgium ($968 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Vegetable Price in the Dominican Republic (FOB) - 2022
The average frozen vegetable export price stood at $1,182 per ton in 2022, dropping by -3.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,270 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($1,675 per ton), while the average price for exports to Canada ($327 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 Costa Rica (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Vegetable Imports in the Dominican Republic
In 2022, imports of frozen vegetables into the Dominican Republic rose markedly to 43K tons, surging by 5.5% compared with the previous year's figure. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 58%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, frozen vegetable imports soared to $50M in 2022. In general, imports saw a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Frozen Vegetable in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 10.5 | 9.0 | 17.5 | 25.9 | 35.1% |
| United States | 8.5 | 5.8 | 7.8 | 10.1 | 5.9% |
| Netherlands | 7.3 | 4.6 | 5.1 | 8.1 | 3.5% |
| Canada | 1.8 | 1.6 | 1.2 | 2.4 | 10.1% |
| France | 0.9 | 0.3 | 0.8 | 1.8 | 26.0% |
| Germany | 0.9 | 0.7 | 0.5 | 0.1 | -51.9% |
| Others | 2.0 | 1.0 | 1.6 | 2.0 | 0.0% |
| Total | 31.8 | 23.1 | 34.3 | 50.3 | 16.5% |
Top Suppliers of Frozen Vegetable to the Dominican Republic in 2022:
- Belgium (26.7K tons)
- Netherlands (7.3K tons)
- United States (5.0K tons)
- Canada (1.4K tons)
- France (1.2K tons)
- Germany (0.1K tons)
Frozen Vegetable Exports in the Dominican Republic
In 2022, after three years of growth, there was significant decline in shipments abroad of frozen vegetables, when their volume decreased by -94.9% to 219 tons. In general, exports saw a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 110% against the previous year. As a result, the exports reached the peak of 4.3K tons, and then reduced markedly in the following year.
In value terms, frozen vegetable exports dropped rapidly to $259K in 2022. Over the period under review, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by 116% against the previous year. As a result, the exports reached the peak of $5.2M, and then fell dramatically in the following year.
| Export of Frozen Vegetable in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 187 | 211 | 315 | 195 | 1.4% |
| Costa Rica | N/A | N/A | N/A | 38.0 | 0% |
| Haiti | 448 | 1,966 | 4,655 | 5.9 | -76.4% |
| Canada | 9.7 | 5.4 | 9.9 | 2.7 | -34.7% |
| Belgium | 143 | 57.4 | 0.9 | N/A | -92.1% |
| Others | 450 | 182 | 243 | 17.1 | -66.4% |
| Total | 1,238 | 2,423 | 5,224 | 259 | -40.6% |
Top Export Markets for Frozen Vegetable from the Dominican Republic in 2022:
- United States (170.7 tons)
- Costa Rica (22.7 tons)
- Canada (8.2 tons)
- Haiti (7.6 tons)
This report provides an in-depth analysis of the frozen vegetable 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 473 - Vegetables, Frozen
- FCL 447 - Sweet Corn, Frozen
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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