Report Update: May 1, 2024

Dominican Republic - Plantains - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Plantain Price in the Dominican Republic - 2023

Plantain Price in the Dominican Republic (FOB) - 2023

In March 2023, the average plantain export price amounted to $1,123 per ton, surging by 22% against the previous month. Over the period from January 2023 to March 2023, it increased at an average monthly rate of +8.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In March 2023, the country with the highest price was the United States ($1,391 per ton), while the average price for exports to Belgium ($250 per ton) was amongst the lowest.

From January 2023 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+53.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plantain Price in the Dominican Republic (CIF) - 2022

In 2020, the average plantain import price amounted to $2,903 per ton, picking up by 194% against the previous year. Overall, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 an increase of 508%. As a result, import price attained the peak level of $4,375 per ton. From 2018 to 2020, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2012 to 2020, the rate of growth in terms of prices for Ecuador amounted to +27.0% per year.

Plantain Exports in the Dominican Republic

Plantain exports from the Dominican Republic amounted to 1.6K tons in 2022, growing by 13% compared with the previous year's figure. Over the period under review, exports, however, recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 when exports increased by 76%. As a result, the exports attained the peak of 7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, plantain exports amounted to $1.2M in 2022. Overall, exports, however, faced a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 79% against the previous year. As a result, the exports attained the peak of $7.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Plantain in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovakia	10.6	6.8	604	425	242.3%
United States	78.5	176	117	415	74.2%
Spain	12.1	35.9	86.5	218	162.2%
Germany	3,115	1,734	92.3	77.7	-70.8%
Canada	116	92.5	136	60.6	-19.5%
Ireland	N/A	4,627	N/A	N/A	0%
Poland	445	24.4	N/A	N/A	-94.5%
Iceland	127	171	18.3	N/A	-62.0%
Others	63.8	227	159	51.1	-7.1%
Total	3,969	7,094	1,214	1,248	-32.0%

Top Export Markets for Plantain from the Dominican Republic in 2022:

Slovakia (548.5 tons)
United States (431.8 tons)
Spain (406.1 tons)
Canada (75.0 tons)
Germany (49.0 tons)

Plantain Imports in the Dominican Republic

In 2020, the amount of plantains imported into the Dominican Republic reduced notably to 165 kg, shrinking by -46.8% against the year before. Over the period under review, imports continue to indicate a dramatic decrease.

In value terms, plantain imports skyrocketed to $479 in 2020. In general, total imports indicated a significant increase from 2019 to 2020: its value increased at an average annual rate of +56.5% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Plantain in the Dominican Republic (USD)
COUNTRY	2019	2020	CAGR, 2019-2020
Ecuador	N/A	479	0%
Philippines	306	N/A	0%
Others	N/A	N/A	0%
Total	306	479	56.5%

Top Suppliers of Plantain to the Dominican Republic in 2022:

Ecuador (165.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plantain 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 489 - Plantains

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023