Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in the Dominican Republic - 2023
Contents:
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in the Dominican Republic (CIF) - 2023
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in the Dominican Republic (FOB) - 2022
- Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in the Dominican Republic
- Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in the Dominican Republic
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in the Dominican Republic (CIF) - 2023
The average import price for vegetables; potatoes (other than seed), fresh or chilleds stood at $703 per ton in March 2023, increasing by 3% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +3.6%. The growth pace was the most rapid in April 2022 when the average import price increased by 30% month-to-month. The import price peaked at $832 per ton in November 2022; however, from December 2022 to March 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,746 per ton), while the price for Canada amounted to $678 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Belgium (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in the Dominican Republic (FOB) - 2022
In 2022, the average export price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $797 per ton, with an increase of 23% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2021 an increase of 195%. The export price peaked in 2022 and is expected to retain growth in years to come.
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 Aruba ($1,011 per ton), while the average price for exports to Turks and Caicos Islands ($613 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 Curacao (+7.4%), while the prices for the other major destinations experienced a decline.
Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in the Dominican Republic
For the fourth year in a row, the Dominican Republic recorded growth in supplies from abroad of vegetables; potatoes (other than seed), fresh or chilleds, which increased by 60% to 24K tons in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds surged to $17M in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 96%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.2 | 3.0 | 8.2 | 10.6 | 36.2% |
| Canada | 0.7 | 0.1 | 0.7 | 4.4 | 84.6% |
| Netherlands | 0.3 | 1.6 | 0.3 | 1.3 | 63.0% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 5.3 | 4.7 | 9.3 | 16.6 | 46.3% |
Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to the Dominican Republic in 2022:
- United States (13.5K tons)
- Canada (7.4K tons)
- Netherlands (2.5K tons)
Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in the Dominican Republic
For the third year in a row, the Dominican Republic recorded decline in overseas shipments of vegetables; potatoes (other than seed), fresh or chilleds, which decreased by -20.8% to 30 tons in 2022. Overall, exports faced a sharp shrinkage.
In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds shrank to $24K in 2022. Over the period under review, exports saw a precipitous slump.
| Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 51.8 | 13.6 | 3.0 | 20.8 | -26.2% |
| Aruba | N/A | N/A | 2.5 | 1.3 | -48.0% |
| Curacao | 0.1 | N/A | 1.3 | 0.8 | 100.0% |
| Turks and Caicos Islands | 0.5 | N/A | 0.5 | 0.8 | 17.0% |
| Haiti | 1,406 | 78.6 | N/A | N/A | -94.4% |
| Others | 19.0 | 23.0 | 17.2 | 0.2 | -78.1% |
| Total | 1,478 | 115 | 24.5 | 24.0 | -74.7% |
Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from the Dominican Republic in 2022:
- United States (25.8 tons)
- Aruba (1.3 tons)
- Turks and Caicos Islands (1.3 tons)
- Curacao (1.2 tons)
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