Dominican Republic - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPeanut Butter Price in the Dominican Republic - 2023
Contents:
- Peanut Butter Price in the Dominican Republic (CIF) - 2023
- Peanut Butter Price in the Dominican Republic (FOB) - 2022
- Peanut Butter Imports in the Dominican Republic
- Peanut Butter Exports in the Dominican Republic
Peanut Butter Price in the Dominican Republic (CIF) - 2023
In March 2023, the average peanut butter import price amounted to $4,709 per ton, with a decrease of -1.7% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 an increase of 12% month-to-month. As a result, import price reached the peak level of $5,253 per ton. From July 2022 to March 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Nicaragua ($5,194 per ton), while the price for India ($2,366 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 Honduras (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Peanut Butter Price in the Dominican Republic (FOB) - 2022
In 2022, the average peanut butter export price amounted to $2,574 per ton, remaining relatively unchanged against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, peanut butter export price increased by +28.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 90% against the previous year. The export price peaked at $4,144 per ton in 2014; however, from 2015 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 Switzerland ($9,491 per ton), while the average price for exports to Honduras ($1,738 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 Spain (+41.5%), while the prices for the other major destinations experienced more modest paces of growth.
Peanut Butter Imports in the Dominican Republic
In 2022, approx. 3.1K tons of peanut butter and prepared or preserved groundnuts were imported into the Dominican Republic; rising by 19% against the previous year's figure. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, peanut butter imports skyrocketed to $15M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Peanut Butter in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 3.8 | 3.3 | 4.6 | 7.6 | 26.0% |
| United States | 4.0 | 3.8 | 3.9 | 5.0 | 7.7% |
| Nicaragua | 0.6 | 0.5 | 0.7 | 0.6 | 0.0% |
| Mexico | 1.0 | 0.7 | 0.8 | 0.5 | -20.6% |
| Guatemala | N/A | 0.1 | 0.2 | 0.5 | 123.6% |
| Costa Rica | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| India | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.4 | 0.3 | 0.5 | 0.4 | 0.0% |
| Total | 10.0 | 8.9 | 10.9 | 15.1 | 14.7% |
Top Suppliers of Peanut Butter to the Dominican Republic in 2022:
- Honduras (1366.0 tons)
- United States (1120.8 tons)
- Mexico (162.3 tons)
- Guatemala (131.5 tons)
- Nicaragua (103.7 tons)
- Costa Rica (59.9 tons)
- India (49.3 tons)
Peanut Butter Exports in the Dominican Republic
In 2022, exports of peanut butter and prepared or preserved groundnuts from the Dominican Republic surged to 49 tons, increasing by 18% against 2021 figures. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +48.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, peanut butter exports soared to $127K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Peanut Butter in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 90.4 | 34.7 | 93.1 | 94.1 | 1.3% |
| Switzerland | 7.6 | N/A | 2.9 | 8.8 | 5.0% |
| Turks and Caicos Islands | N/A | N/A | 2.0 | 5.7 | 185.0% |
| Honduras | N/A | 2.1 | 1.1 | 5.2 | 57.4% |
| Cuba | N/A | 22.6 | N/A | N/A | 0% |
| Others | 3.2 | 7.3 | 7.5 | 13.3 | 60.8% |
| Total | 101 | 66.7 | 107 | 127 | 7.9% |
Top Export Markets for Peanut Butter from the Dominican Republic in 2022:
- United States (41.2 tons)
- Honduras (3.0 tons)
- Turks and Caicos Islands (2.5 tons)
- Switzerland (0.9 tons)
This report provides an in-depth analysis of the peanut butter 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 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)
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
- 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
400
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This report provides an in-depth analysis of the peanut butter market in the Dominican Republic.
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8786
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1999
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
1162
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
8786
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1999
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
1162
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
