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Dominican Republic - Coconut - Market Analysis, Forecast, Size, Trends and Insights
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Dominican Republic: Coconut Market Overview 2021

Coconut Market Size in the Dominican Republic

The Dominican coconut market surged to $X in 2020, picking up by X% against the previous year. In general, consumption recorded a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is likely to see gradual growth in the near future.

Coconut Production in the Dominican Republic

In value terms, coconut production soared to $X in 2020 estimated in export prices. Over the period under review, production posted a significant increase. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2020 and is likely to see gradual growth in years to come.

The average yield of coconuts in the Dominican Republic rose sharply to X tonnes per ha in 2020, picking up by X% compared with 2019 figures. In general, the yield continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 when the yield increased by X% year-to-year. Over the period under review, the average coconut yield hit record highs in 2020 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the coconut harvested area in the Dominican Republic rose slightly to X ha, increasing by X% against the year before. Overall, the total harvested area indicated a pronounced increase from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, coconut harvested area increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The coconut harvested area peaked in 2020 and is likely to see steady growth in the immediate term.

Coconut Exports

Exports from the Dominican Republic

In 2020, after two years of growth, there was decline in shipments abroad of coconuts, when their volume decreased by -X% to X tonnes. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Exports peaked at X tonnes in 2019, and then shrank modestly in the following year.

In value terms, coconut exports rose remarkably to $X in 2020. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in the immediate term.

Exports by Country

The U.S. (X tonnes) was the main destination for coconut exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, coconut exports to the U.S. exceeded the volume sent to the second major destination, British Virgin Islands (X tonnes), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: British Virgin Islands (+X% per year) and Canada (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for coconut exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and British Virgin Islands (+X% per year).

Export Prices by Country

In 2020, the average coconut export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price showed a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2017; however, from 2018 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to British Virgin Islands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced mixed trend patterns.

Coconut Imports

Imports into the Dominican Republic

In 2020, the amount of coconuts imported into the Dominican Republic soared to X tonnes, increasing by X% against the previous year's figure. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, coconut imports expanded significantly to $X in 2020. Overall, imports recorded a resilient expansion. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tonnes), the U.S. (X tonnes) and the Philippines (X tonnes) were the main suppliers of coconut imports to the Dominican Republic, together accounting for X% of total imports. France lagged somewhat behind, accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coconut suppliers to the Dominican Republic were Indonesia ($X), the U.S. ($X) and the Philippines ($X), with a combined X% share of total imports. These countries were followed by France, which accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average coconut import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price saw a noticeable decline. The growth pace was the most rapid in 2012 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2013 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Indonesia ($X per tonne) and France ($X per tonne), while the price for the Philippines ($X per tonne) and the U.S. ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for coconuts in the world?
+
The countries with the highest volumes of coconut consumption in 2020 were Indonesia (16M tonnes), India (15M tonnes) and the Philippines (15M tonnes), together comprising 72% of global consumption. Sri Lanka, Brazil, Viet Nam, Mexico, Papua New Guinea, Thailand and China lagged somewhat behind, together accounting for a further 17%.
What are the largest producers of coconuts in the world?
+
The countries with the highest volumes of coconut production in 2020 were Indonesia (17M tonnes), India (15M tonnes) and the Philippines (15M tonnes), together accounting for 74% of global production. These countries were followed by Sri Lanka, Brazil, Viet Nam, Mexico and Papua New Guinea, which together accounted for a further 14%.
What are the leading suppliers of coconuts to the Dominican Republic?
+
In value terms, Indonesia ($2.6M), the U.S. ($1.9M) and the Philippines ($837K) were the largest coconut suppliers to the Dominican Republic, with a combined 92% share of total imports. France lagged somewhat behind, comprising a further 8.4%.
What are the leading importers of coconuts from the Dominican Republic?
+
In value terms, the U.S. ($8.1M) remains the key foreign market for coconut exports from the Dominican Republic, comprising 85% of total exports. The second position in the ranking was occupied by Canada ($714K), with a 7.5% share of total exports.
What is the average export price for coconuts in the Dominican Republic?
+
The average coconut export price stood at $1,148 per tonne in 2020, rising by 9.5% against the previous year.
What is the average import price for coconuts in the Dominican Republic?
+
The average coconut import price stood at $602 per tonne in 2020, dropping by -6.2% against the previous year.

Product coverage:
• FCL 249 - Coconuts

This report provides an in-depth analysis of the coconut market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Dominican Republic

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Dominican Republic
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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