Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Dominican Republic - 2023

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Dominican Republic (CIF) - 2023
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Dominican Republic (FOB) - 2022
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Dominican Republic
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Dominican Republic

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,461 per ton, surging by 4.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in July 2022 an increase of 39% m-o-m. As a result, import price reached the peak level of $1,629 per ton. From August 2022 to March 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($1,892 per ton), while the price for Spain ($1,349 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 Chile (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Dominican Republic (FOB) - 2022

In 2022, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $10,311 per ton, surging by 32% against the previous year. Overall, the export price enjoyed strong growth. The pace of growth appeared the most rapid in 2017 an increase of 377%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turks and Caicos Islands ($23,214 per ton), while the average price for exports to Haiti ($1,858 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 Turks and Caicos Islands (+165.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Dominican Republic

In 2022, overseas purchases of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -43.8% to 3.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 29% against the previous year.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid declined rapidly to $5M in 2022. In general, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 45% against the previous year.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to the Dominican Republic in 2022:

1. Italy (1573.6 tons)
2. United States (1171.3 tons)
3. Spain (691.9 tons)
4. Chile (421.9 tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in the Dominican Republic

In 2022, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid from the Dominican Republic soared to 27 tons, with an increase of 62% compared with the year before. Overall, exports, however, recorded a sharp decline.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid surged to $281K in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 311% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from the Dominican Republic in 2022:

1. Spain (15.2 tons)
2. United States (8.0 tons)
3. France (1.6 tons)
4. Haiti (1.5 tons)
5. Turks and Caicos Islands (0.5 tons)

Source: IndexBox Market Intelligence Platform