Price for Pectic Substances; Pectinates and Pectates in the Dominican Republic - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in the Dominican Republic (CIF) - 2023
2. Price for Pectic Substances; Pectinates and Pectates in the Dominican Republic (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in the Dominican Republic
4. Exports of Pectic Substances; Pectinates and Pectates in the Dominican Republic

Price for Pectic Substances; Pectinates and Pectates in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for pectic substances; pectinates and pectateses amounted to $10,523 per ton, which is down by -6.1% against the previous month. Overall, the import price, however, recorded pronounced growth. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 104% against the previous month. The import price peaked at $19,096 per ton in September 2022; however, from October 2022 to March 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($11,600 per ton), while the price for Denmark amounted to $6,353 per ton.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Pectic Substances; Pectinates and Pectates in the Dominican Republic (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $16,616 per ton, with a decrease of -14.2% against the previous year. In general, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47%. As a result, the export price attained the peak level of $23,684 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($26,299 per ton), while the average price for exports to the United States stood at $14,899 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.7%), while the prices for the other major destinations experienced a decline.

Imports of Pectic Substances; Pectinates and Pectates in the Dominican Republic

In 2022, overseas purchases of pectic substances; pectinates and pectateses decreased by -30.8% to 1.3K tons, falling for the second consecutive year after two years of growth. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2020 when imports increased by 11%. As a result, imports attained the peak of 2.5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pectic substances; pectinates and pectates imports declined significantly to $13M in 2022. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in 2020 when imports increased by 3% against the previous year. As a result, imports attained the peak of $23M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Pectic Substances; Pectinates and Pectates to the Dominican Republic in 2022:

1. United States (1184.6 tons)
2. Netherlands (65.6 tons)
3. Denmark (35.2 tons)

Exports of Pectic Substances; Pectinates and Pectates in the Dominican Republic

In 2022, pectic substances; pectinates and pectates exports from the Dominican Republic reduced sharply to 511 kg, which is down by -35.2% on the previous year. Overall, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 807%. As a result, the exports attained the peak of 789 kg, and then shrank significantly in the following year.

In value terms, pectic substances; pectinates and pectates exports contracted remarkably to $8.5K in 2022. Over the period under review, exports, however, recorded a mild increase. The growth pace was the most rapid in 2021 with an increase of 799% against the previous year. As a result, the exports attained the peak of $15K, and then contracted notably in the following year.

Top Export Markets for Pectic Substances; Pectinates and Pectates from the Dominican Republic in 2022:

1. United States (434.0 kg)
2. Haiti (77.0 kg)

Source: IndexBox Market Intelligence Platform