Price for Plants, Live; Unrooted Cuttings and Slips in the Dominican Republic - 2023

Contents:

  1. Price for Plants, Live; Unrooted Cuttings and Slips in the Dominican Republic (CIF) - 2022
  2. Price for Plants, Live; Unrooted Cuttings and Slips in the Dominican Republic (FOB) - 2022
  3. Imports of Plants, Live; Unrooted Cuttings and Slips in the Dominican Republic
  4. Exports of Plants, Live; Unrooted Cuttings and Slips in the Dominican Republic

Price for Plants, Live; Unrooted Cuttings and Slips in the Dominican Republic (CIF) - 2022

The average import price for plants, live; unrooted cuttings and slipses stood at $1 per unit in 2022, shrinking by -16.8% against the previous year. Overall, the import price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 84%. The import price peaked at $1.2 per unit in 2021, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($5.5 per unit), while the price for Spain ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+35.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Plants, Live; Unrooted Cuttings and Slips in the Dominican Republic (FOB) - 2022

In 2022, the average export price for plants, live; unrooted cuttings and slipses amounted to $0.5 per unit, increasing by 30% against the previous year. Over the period under review, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2018 an increase of 345% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($0.6 per unit), while the average price for exports to Haiti ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+41.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plants, Live; Unrooted Cuttings and Slips in the Dominican Republic

Imports of plants, live; unrooted cuttings and slipses into the Dominican Republic was estimated at 9.1M units in 2022, picking up by 13% compared with 2021. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of plants, live; unrooted cuttings and slipses declined to $9.3M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.1% 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 +55.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. As a result, imports attained the peak of $9.8M, and then reduced in the following year.

Import of Plants, Live; Unrooted Cuttings and Slips in the Dominican Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands2.83.05.94.315.4%
United States2.61.31.72.3-4.0%
Thailand1.01.11.71.39.1%
China0.50.50.41.026.0%
SpainN/AN/AN/A0.10%
Others0.30.10.20.30.0%
Total7.36.09.89.38.4%

Top Suppliers of Plants, Live; Unrooted Cuttings and Slips to the Dominican Republic in 2022:

  1. United States (5.2M units)
  2. Netherlands (2.8M units)
  3. Thailand (0.4M units)
  4. China (0.3M units)
  5. Spain (0.2M units)

Exports of Plants, Live; Unrooted Cuttings and Slips in the Dominican Republic

Exports of plants, live; unrooted cuttings and slipses from the Dominican Republic dropped remarkably to 950K units in 2022, falling by -55.2% against the previous year. Over the period under review, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 92% against the previous year. The exports peaked at 12M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of plants, live; unrooted cuttings and slipses shrank notably to $431K in 2022. In general, exports saw a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 109% against the previous year. The exports peaked at $4.1M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Plants, Live; Unrooted Cuttings and Slips in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3,687220572265-58.4%
Canada46.499.610787.123.4%
Netherlands16215.50.454.5-30.5%
Germany1.80.912.112.088.2%
Haiti11610.023.18.4-58.3%
Others69.18.124.43.5-63.0%
Total4,083354739431-52.7%

Top Export Markets for Plants, Live; Unrooted Cuttings and Slips from the Dominican Republic in 2022:

  1. United States (619.4K units)
  2. Canada (137.8K units)
  3. Netherlands (114.4K units)
  4. Haiti (38.5K units)
  5. Germany (29.2K units)

Source: IndexBox Market Intelligence Platform

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