Dominican Republic: Cassava Market 2024

Cassava Market Size in the Dominican Republic

In 2022, after two years of decline, there was growth in the Dominican cassava market, when its value increased by X% to $X. Overall, consumption, however, saw a slight descent. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cassava Production in the Dominican Republic

In value terms, cassava production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of cassava in the Dominican Republic reduced dramatically to X tons per ha in 2022, declining by X% on the year before. Overall, the yield saw a perceptible curtailment. The growth pace was the most rapid in 2020 when the yield increased by X% against the previous year. The cassava yield peaked at X tons per ha in 2021, and then shrank notably 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 2022, the total area harvested in terms of cassava production in the Dominican Republic soared to X ha, increasing by X% against 2021. Over the period under review, the total harvested area indicated moderate growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the harvested area reached the peak level and is likely to continue growth in the immediate term.

Cassava Exports

Exports from the Dominican Republic

After two years of decline, shipments abroad of cassava increased by X% to X tons in 2022. Overall, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, cassava exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Aruba (X tons), the United States (X tons) and Belgium (X tons) were the main destinations of cassava exports from the Dominican Republic, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Aruba (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cassava exported from the Dominican Republic were Aruba ($X), the United States ($X) and Belgium ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Aruba, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cassava export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cassava Imports

Imports into the Dominican Republic

Cassava imports into the Dominican Republic surged to X tons in 2022, increasing by X% against 2021. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, cassava imports skyrocketed to $X in 2022. In general, imports showed significant growth. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main supplier of cassava to the Dominican Republic, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of cassava to the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%.

Import Prices by Country

The average cassava import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price posted a strong expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to X% per year.

Source: IndexBox Platform