Dominican Republic: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in the Dominican Republic

The Dominican nuts (prepared or preserved) market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption showed a moderate expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Nuts (Prepared Or Preserved) in the Dominican Republic

In value terms, nuts (prepared or preserved) production reached $X in 2022 estimated in export price. In general, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Nuts (Prepared Or Preserved)

Exports from the Dominican Republic

After three years of growth, shipments abroad of nuts (prepared or preserved) decreased by X% to X tons in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, nuts (prepared or preserved) exports rose sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for nuts (prepared or preserved) exports from the Dominican Republic, accounting for a X% share of total exports. It was followed by Costa Rica (X tons), with a X% share of total exports. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, 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: Costa Rica (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for nuts (prepared or preserved) exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports. It was followed by Canada, 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: Costa Rica (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average nuts (prepared or preserved) export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per ton) and the UK ($X per ton), while the average price for exports to Colombia ($X per ton) and Panama ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports into the Dominican Republic

In 2022, supplies from abroad of nuts (prepared or preserved) increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports posted prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, nuts (prepared or preserved) imports skyrocketed to $X in 2022. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of nuts (prepared or preserved) to the Dominican Republic, with a X% share of total imports. Moreover, nuts (prepared or preserved) imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), ninefold. Spain (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 the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Spain (X% per year).

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

From 2012 to 2022, the average annual growth rate of value 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 Mexico (X% per year).

Import Prices by Country

In 2022, the average nuts (prepared or preserved) import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Thailand ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform