Dominican Republic: Asparagus Market 2024

Asparagus Market Size in the Dominican Republic

The Dominican asparagus market surged to $X in 2022, growing by X% against the previous year. Overall, consumption posted significant growth. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in years to come.

Asparagus Production in the Dominican Republic

In value terms, asparagus production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume decreased by X% against the previous year. Asparagus production peaked in 2022 and is expected to retain growth in years to come.

In 2022, the average yield of asparagus in the Dominican Republic was estimated at less than X kg per ha, therefore, remained relatively stable against the previous year. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The asparagus harvested area in the Dominican Republic amounted to less than X ha in 2022, approximately reflecting the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Asparagus Exports

Exports from the Dominican Republic

In 2022, exports of asparagus from the Dominican Republic fell markedly to X kg, with a decrease of X% compared with the year before. Overall, exports saw a dramatic descent. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, asparagus exports contracted notably to $X in 2022. In general, exports recorded a precipitous contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for asparagus exports from the Dominican Republic, with a X% share of total exports. Moreover, asparagus exports to the Netherlands exceeded the volume sent to the second major destination, Canada (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Bahamas (X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for asparagus exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Bahamas (X% per year).

Export Prices by Country

In 2022, the average asparagus export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to Canada ($X 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 the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Asparagus Imports

Imports into the Dominican Republic

In 2022, approx. X tons of asparagus were imported into the Dominican Republic; rising by X% against 2021. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, asparagus imports surged to $X in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Peru (X tons) was the main asparagus supplier to the Dominican Republic, accounting for a X% share of total imports. It was followed by the United States (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, Peru ($X) constituted the largest supplier of asparagus to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Peru amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average asparagus import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform