Dominican Republic: Canned Mushroom Market 2024

Canned Mushroom Market Size in the Dominican Republic

In 2022, the Dominican canned mushroom market increased by 74% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted a resilient increase. Canned mushroom consumption peaked in 2022 and is likely to continue growth in the immediate term.

Canned Mushroom Exports

Exports from the Dominican Republic

In 2022, approx. X tons of canned mushrooms were exported from the Dominican Republic; increasing by 39% against the previous year. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 91,243%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, canned mushroom exports reduced dramatically to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 47,799%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Aruba (X kg) was the main destination for canned mushroom exports from the Dominican Republic, with a 70% share of total exports. Moreover, canned mushroom exports to Aruba exceeded the volume sent to the second major destination, Haiti (X kg), fivefold. The third position in this ranking was taken by France (X kg), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Aruba was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (-10.1% per year) and France (-29.0% per year).

In value terms, Aruba ($X) emerged as the key foreign market for canned mushrooms exports from the Dominican Republic, comprising 69% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by Turks and Caicos Islands, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to Aruba was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-26.3% per year) and Turks and Caicos Islands (0.0% per year).

Export Prices by Country

The average canned mushroom export price stood at $X per ton in 2022, declining by -58.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 710%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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 Turks and Caicos Islands ($X per ton), while the average price for exports to Haiti ($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 France (+3.8%), while the prices for the other major destinations experienced a decline.

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Canned Mushroom Imports

Imports into the Dominican Republic

In 2022, overseas purchases of canned mushrooms increased by 64% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by 82%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, canned mushroom imports skyrocketed to $X in 2022. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 85%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of canned mushroom to the Dominican Republic, with a 70% share of total imports. Moreover, canned mushroom imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+21.6% per year) and Italy (+16.6% per year).

In value terms, China ($X) constituted the largest supplier of canned mushrooms to the Dominican Republic, comprising 62% of total imports. The second position in the ranking was held by Spain ($X), with a 20% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+23.2% per year) and Italy (+23.0% per year).

Import Prices by Country

In 2022, the average canned mushroom import price amounted to $X per ton, growing by 9.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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