Dominican Republic - Grapefruits (Inc. Pomelos) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGrapefruit Price in the Dominican Republic - 2023
Contents:
- Grapefruit Price in the Dominican Republic (CIF) - 2023
- Grapefruit Price in the Dominican Republic (FOB) - 2022
- Grapefruit Imports in the Dominican Republic
- Grapefruit Exports in the Dominican Republic
Grapefruit Price in the Dominican Republic (CIF) - 2023
The average grapefruit import price stood at $2,340 per ton in March 2023, declining by -14.7% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 23% against the previous month. Over the period under review, average import prices hit record highs at $2,916 per ton in November 2022; however, from December 2022 to March 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From March 2022 to March 2023, the rate of growth in terms of prices for Peru amounted to +10.2% per month.
Grapefruit Price in the Dominican Republic (FOB) - 2022
The average grapefruit export price stood at $1,016 per ton in 2022, increasing by 5% against the previous year. In general, the export price posted a strong expansion. The growth pace was the most rapid in 2014 an increase of 109% against the previous year. Over the period under review, the average export prices hit record highs at $1,472 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,016 per ton), while the average price for exports to British Virgin Islands stood at $1,013 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+61.3%), while the prices for the other major destinations experienced more modest paces of growth.
Grapefruit Imports in the Dominican Republic
In 2022, approx. 341 tons of grapefruits were imported into the Dominican Republic; with an increase of 14% on the year before. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.8% 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 +59.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, grapefruit imports soared to $845K in 2022. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 77%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Grapefruit in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 320 | 397 | 703 | 821 | 36.9% |
| Peru | 11.5 | 4.3 | 7.4 | 24.6 | 28.8% |
| Chile | 22.7 | 4.5 | 6.9 | N/A | -44.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 354 | 406 | 718 | 845 | 33.6% |
Top Suppliers of Grapefruit to the Dominican Republic in 2022:
- United States (324.1 tons)
- Peru (16.5 tons)
Grapefruit Exports in the Dominican Republic
Grapefruit exports from the Dominican Republic surged to 16 tons in 2022, rising by 3,368% on 2021 figures. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, grapefruit exports skyrocketed to $16K in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Grapefruit in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 0.1 | 0.4 | 15.8 | 1157.0% |
| British Virgin Islands | N/A | N/A | N/A | 0.2 | 0% |
| Germany | 0.4 | N/A | N/A | N/A | 0% |
| Jamaica | 0.7 | 1.6 | N/A | N/A | 128.6% |
| Others | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Total | 1.3 | 1.9 | 0.4 | 16.1 | 131.4% |
Top Export Markets for Grapefruit from the Dominican Republic in 2022:
- United States (15.6 tons)
- British Virgin Islands (0.2 tons)
This report provides an in-depth analysis of the grapefruit 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 507 - Grapefruit and pomelo
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
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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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