Dominican Republic: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in the Dominican Republic

After three years of growth, the Dominican carrot and turnip market decreased by X% to $X in 2023. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Carrot and turnip consumption peaked at $X in 2022, and then declined in the following year.

Carrot And Turnip Production in the Dominican Republic

In value terms, carrot and turnip production reduced slightly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X%. Carrot and turnip production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

The average yield of carrots and turnips in the Dominican Republic contracted to X tons per ha in 2023, falling by X% on the previous year's figure. In general, the yield indicated a notable increase from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, carrot and turnip yield increased by X% against 2013 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The carrot and turnip yield peaked at X tons per ha in 2022, and then shrank in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of carrots and turnips in the Dominican Republic expanded sharply to X ha, growing by X% against the previous year. Overall, the harvested area, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2014 to 2023, the growth of the carrot and turnip harvested area failed to regain momentum.

Carrot And Turnip Exports

Exports from the Dominican Republic

In 2023, shipments abroad of carrots and turnips increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a abrupt curtailment. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, carrot and turnip exports surged to $X in 2023. Overall, exports, however, saw a pronounced shrinkage. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Aruba (X tons) was the main destination for carrot and turnip exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, carrot and turnip exports to Aruba exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume to Aruba stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Turks and Caicos Islands (X% per year).

In value terms, Aruba ($X) remains the key foreign market for carrots and turnips exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Aruba totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Turks and Caicos Islands (X% per year).

Export Prices by Country

The average carrot and turnip export price stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the export price, however, showed resilient growth. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2022, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turks and Caicos Islands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (X%), while the prices for the other major destinations experienced mixed trend patterns.

Carrot And Turnip Imports

Imports into the Dominican Republic

In 2023, the amount of carrots and turnips imported into the Dominican Republic shrank dramatically to X tons, which is down by X% on the previous year. Overall, imports, however, showed a notable expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, carrot and turnip imports declined markedly to $X in 2023. In general, imports, however, showed a moderate increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, the Netherlands (X tons) constituted the largest carrot and turnip supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, carrot and turnip imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), threefold.

From 2012 to 2023, the average annual growth rate of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and the United States (X% per year).

In value terms, the United States ($X), the Netherlands ($X) and Costa Rica ($X) were the largest carrot and turnip suppliers to the Dominican Republic.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average carrot and turnip import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform