Dominican Republic: Coconut Market 2024

Coconut Market Size in the Dominican Republic

The Dominican coconut market was estimated at $X in 2022, surging by X% against the previous year. Overall, consumption posted a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Coconut Production in the Dominican Republic

In value terms, coconut production expanded markedly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Coconut production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average coconut yield in the Dominican Republic reduced modestly to X tons per ha, remaining relatively unchanged against the previous year. In general, the yield indicated buoyant 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. Based on 2022 figures, coconut yield increased by X% against 2012 indices. The growth pace was the most rapid in 2013 when the yield increased by X%. The coconut yield peaked at X tons per ha in 2021, and then shrank modestly 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.

The coconut harvested area in the Dominican Republic fell modestly to X ha in 2022, remaining stable against 2021. Overall, the harvested area, however, showed a mild increase. The growth pace was the most rapid in 2013 when the harvested area increased by X% against the previous year. The coconut harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Coconut Exports

Exports from the Dominican Republic

In 2022, approx. X tons of coconuts were exported from the Dominican Republic; declining by X% against the previous year. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, coconut exports shrank significantly to $X in 2022. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), British Virgin Islands (X tons) and France (X tons) were the main destinations of coconut exports from the Dominican Republic, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for coconuts exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by British Virgin Islands ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: British Virgin Islands (X% per year) and France (X% per year).

Export Prices by Country

The average coconut export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price showed a mild descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Switzerland ($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.

Coconut Imports

Imports into the Dominican Republic

In 2022, the amount of coconuts imported into the Dominican Republic soared to X tons, growing by X% compared with the previous year's figure. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, coconut imports soared to $X in 2022. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Guyana (X tons) was the main coconut supplier to the Dominican Republic, with a X% share of total imports. It was followed by Indonesia (X tons), with a X% share of total imports. Cote d'Ivoire (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Guyana amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Cote d'Ivoire (X% per year).

In value terms, Guyana ($X) constituted the largest supplier of coconuts to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Guyana stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the average coconut import price amounted to $X per ton, growing by X% against the previous year. In general, the import price enjoyed a temperate expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Indonesia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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