Price for Food Preparations Not Elsewhere Specified or Included in the Dominican Republic - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in the Dominican Republic (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in the Dominican Republic (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in the Dominican Republic
- Exports of Food Preparations Not Elsewhere Specified or Included in the Dominican Republic
Price for Food Preparations Not Elsewhere Specified or Included in the Dominican Republic (CIF) - 2022
In 2022, the average import price for food preparations not elsewhere specified or included amounted to $7,893 per ton, declining by -4.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2021 an increase of 33%. As a result, import price attained the peak level of $8,264 per ton, and then contracted modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uruguay ($69,226 per ton), while the price for Belgium ($2,501 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in the Dominican Republic (FOB) - 2022
The average export price for food preparations not elsewhere specified or included stood at $1,833 per ton in 2022, rising by 13% against the previous year. Over the period under review, the export price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 21%. The export price peaked at $2,450 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($9,356 per ton), while the average price for exports to the United States ($1,219 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 Jamaica (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in the Dominican Republic
In 2022, purchases abroad of food preparations not elsewhere specified or included was finally on the rise to reach 28K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of food preparations not elsewhere specified or included surged to $221M in 2022. The total import value increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Food Preparations Not Elsewhere Specified or Included in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 63.3 | 57.8 | 49.0 | 59.6 | -2.0% |
| Costa Rica | 37.5 | 34.7 | 38.8 | 45.0 | 6.3% |
| Spain | 5.1 | 5.2 | 18.4 | 26.8 | 73.9% |
| China | 5.5 | 6.2 | 7.8 | 12.2 | 30.4% |
| Mexico | 10.2 | 9.2 | 8.2 | 11.7 | 4.7% |
| Brazil | 4.8 | 6.1 | 4.6 | 8.4 | 20.5% |
| Netherlands | 4.4 | 4.9 | 5.1 | 3.7 | -5.6% |
| Belgium | 1.0 | 0.7 | 1.0 | 2.0 | 26.0% |
| Others | 41.2 | 39.8 | 43.9 | 51.2 | 7.5% |
| Total | 173 | 165 | 177 | 221 | 8.5% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to the Dominican Republic in 2022:
- United States (11.2K tons)
- China (3.1K tons)
- Costa Rica (2.4K tons)
- Brazil (2.2K tons)
- Mexico (2.1K tons)
- Spain (1.5K tons)
- Belgium (0.8K tons)
- Netherlands (0.6K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in the Dominican Republic
In 2022, overseas shipments of food preparations not elsewhere specified or included were finally on the rise to reach 18K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a deep slump.
In value terms, exports of food preparations not elsewhere specified or included soared to $33M in 2022. Over the period under review, exports, however, recorded a drastic downturn.
| Export of Food Preparations Not Elsewhere Specified or Included in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.0 | 31.5 | 18.4 | 18.1 | -17.3% |
| Jamaica | 5.6 | 4.7 | 0.2 | 2.9 | -19.7% |
| Guatemala | 4.0 | 3.5 | 2.0 | 2.4 | -15.7% |
| Nicaragua | 1.8 | 2.4 | 0.6 | 1.5 | -5.9% |
| Honduras | 3.3 | 3.6 | 1.6 | 1.0 | -32.8% |
| Haiti | 3.9 | 1.6 | 1.3 | 1.0 | -36.5% |
| Others | 8.9 | 9.4 | 4.8 | 6.3 | -10.9% |
| Total | 59.5 | 56.8 | 28.9 | 33.3 | -17.6% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from the Dominican Republic in 2022:
- United States (14.8K tons)
- Guatemala (0.4K tons)
- Haiti (0.4K tons)
- Nicaragua (0.4K tons)
- Jamaica (0.3K tons)
- Honduras (0.3K tons)
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