Dominican Republic - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDominican Republic: Dry Bean Market 2024
Dry Bean Market Size in the Dominican Republic
The Dominican dry bean market reduced modestly to $X in 2023, flattening at the previous year. Overall, consumption, however, enjoyed notable growth. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.
Dry Bean Production in the Dominican Republic
In value terms, dry bean production amounted to $X in 2023 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2020 with an increase of X%. Dry bean production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.
In 2023, the average dry bean yield in the Dominican Republic declined modestly to X tons per ha, remaining relatively unchanged against 2022 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The dry bean yield peaked at X tons per ha in 2022, and then contracted 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.
In 2023, the harvested area of beans (dry) in the Dominican Republic dropped slightly to X ha, almost unchanged from 2022 figures. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to dry bean production attained the peak figure at X ha in 2019; however, from 2020 to 2023, the harvested area stood at a somewhat lower figure.
Dry Bean Exports
Exports from the Dominican Republic
For the ninth year in a row, the Dominican Republic recorded decline in shipments abroad of beans (dry), which decreased by X% to X tons in 2023. Overall, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.
In value terms, dry bean exports rose remarkably to $X in 2023. Over the period under review, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Haiti (X tons) was the main destination for dry bean exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, dry bean exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), threefold.
From 2012 to 2023, the average annual growth rate of volume to Haiti totaled X%.
In value terms, Haiti ($X) remains the key foreign market for beans (dry) exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.
From 2012 to 2023, the average annual growth rate of value to Haiti totaled X%.
Export Prices by Country
The average dry bean export price stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in years to come.
Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States amounted to $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (X%).
Dry Bean Imports
Imports into the Dominican Republic
In 2023, overseas purchases of beans (dry) decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, imports faced a significant decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.
In value terms, dry bean imports dropped significantly to $X in 2023. In general, imports showed a dramatic contraction. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.
Imports by Country
In 2023, the United States (X tons) was the main dry bean supplier to the Dominican Republic, accounting for a X% share of total imports. It was followed by Canada (X tons), with a X% share of total imports.
From 2012 to 2023, the average annual rate of growth in terms of volume from the United States stood at X%.
In value terms, the United States ($X) constituted the largest supplier of beans (dry) to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.
From 2012 to 2023, the average annual rate of growth in terms of value from the United States stood at X%.
Import Prices by Country
The average dry bean import price stood at $X per ton in 2023, growing by X% against the previous year. In general, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada stood at $X per ton.
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 mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the dry bean 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 2030.
Product coverage:
- FCL 176 - Beans, dry
- FCL 203 - Bambara beans
- FCL 195 - Cow peas, dry
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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