Dominican Republic: Nuts Market 2022

Nuts Market Size in the Dominican Republic

After nine years of growth, the Dominican nuts market decreased by -X% to $X in 2021. In general, consumption, however, showed a strong expansion. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Nuts Production in the Dominican Republic

In value terms, nuts production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X, and then declined in the following year.

Nuts Exports

Exports from the Dominican Republic

In 2021, the amount of nuts (prepared or preserved) exported from the Dominican Republic reached X tons, with an increase of X% on 2020 figures. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, nuts exports expanded notably to $X in 2021. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Chile (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Chile (+X% per year).

Export Prices by Country

The average nuts export price stood at $X per ton in 2021, dropping by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank modestly in the following year.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Nuts Imports

Imports into the Dominican Republic

In 2021, purchases abroad of nuts (prepared or preserved) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth imports remained at a lower figure.

In value terms, nuts imports rose significantly to $X in 2021. In general, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest nuts supplier to the Dominican Republic, with a X% share of total imports. Moreover, nuts imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Guatemala (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of nuts to the Dominican Republic, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Guatemala (+X% per year).

Import Prices by Country

In 2021, the average nuts import price amounted to $X per ton, with an increase of X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform