Price for Frozen Concentrated Orange Juice in the Dominican Republic - 2023
Contents:
- Price for Frozen Concentrated Orange Juice in the Dominican Republic (CIF) - 2023
- Price for Frozen Concentrated Orange Juice in the Dominican Republic (FOB) - 2022
- Imports of Frozen Concentrated Orange Juice in the Dominican Republic
- Exports of Frozen Concentrated Orange Juice in the Dominican Republic
Price for Frozen Concentrated Orange Juice in the Dominican Republic (CIF) - 2023
The average frozen concentrated orange juice import price stood at $2,750 per ton in March 2023, surging by 4.7% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in May 2022 an increase of 16% month-to-month. Over the period under review, average import prices hit record highs in March 2023.
Average prices varied somewhat amongst the major supplying countries. In March 2023, the country with the highest price was Mexico ($3,505 per ton), while the price for Spain ($2,727 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 the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Concentrated Orange Juice in the Dominican Republic (FOB) - 2022
In 2022, the average frozen concentrated orange juice export price amounted to $2,751 per ton, picking up by 58% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 67%. Over the period under review, the average export prices reached the peak figure at $4,952 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($3,621 per ton), while the average price for exports to the United States ($2,324 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 Haiti (+11.0%), while the prices for the other major destinations experienced a decline.
Imports of Frozen Concentrated Orange Juice in the Dominican Republic
Frozen concentrated orange juice imports into the Dominican Republic rose markedly to 14K tons in 2022, increasing by 13% against 2021 figures. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, frozen concentrated orange juice imports skyrocketed to $34M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.5% 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 +92.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Concentrated Orange Juice in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.7 | 14.4 | 21.9 | 18.3 | 16.1% |
| Spain | 7.9 | 2.5 | 0.8 | 13.2 | 18.7% |
| Brazil | 1.2 | 0.3 | 0.8 | 1.6 | 10.1% |
| Mexico | 1.3 | 0.5 | 0.4 | 1.0 | -8.4% |
| Others | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Total | 22.3 | 17.9 | 24.3 | 34.4 | 15.5% |
Top Suppliers of Frozen Concentrated Orange Juice to the Dominican Republic in 2022:
- United States (7.7K tons)
- Spain (5.3K tons)
- Brazil (0.7K tons)
- Mexico (0.4K tons)
Exports of Frozen Concentrated Orange Juice in the Dominican Republic
Frozen concentrated orange juice exports from the Dominican Republic surged to 149 tons in 2022, increasing by 4,018% compared with the year before. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen concentrated orange juice exports skyrocketed to $410K in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Concentrated Orange Juice in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jamaica | N/A | N/A | N/A | 391 | 0% |
| Costa Rica | N/A | N/A | N/A | 9.6 | 0% |
| France | 9.0 | 2.6 | N/A | 8.5 | -1.9% |
| Others | 0.2 | 0.9 | 6.3 | 0.7 | 51.8% |
| Total | 9.2 | 3.5 | 6.3 | 410 | 254.5% |
Top Export Markets for Frozen Concentrated Orange Juice from the Dominican Republic in 2022:
- Jamaica (143.0 tons)
- Costa Rica (3.2 tons)
- France (2.4 tons)
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