Dominican Republic: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in the Dominican Republic

For the third consecutive year, the Dominican pimenta pepper market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Pimenta Pepper Production in the Dominican Republic

In value terms, pimenta pepper production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Pimenta pepper production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of pimenta pepper in the Dominican Republic amounted to less than X kg per ha in 2022, approximately reflecting the previous year's figure. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the pimenta pepper harvested area in the Dominican Republic amounted to less than X ha, remaining relatively unchanged against the year before. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Pimenta Pepper Exports

Exports from the Dominican Republic

In 2022, shipments abroad of pimenta pepper decreased by X% to X kg, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a sharp reduction. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, pimenta pepper exports reduced notably to $X in 2022. Overall, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X kg) was the main destination for pimenta pepper exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, pimenta pepper exports to Haiti exceeded the volume sent to the second major destination, Curacao (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti was relatively modest.

In value terms, Haiti ($X) emerged as the key foreign market for pimenta pepper exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Curacao ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti was relatively modest.

Export Prices by Country

In 2022, the average pimenta pepper export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Pimenta Pepper Imports

Imports into the Dominican Republic

In 2022, purchases abroad of pimenta pepper increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a pronounced expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, pimenta pepper imports soared to $X in 2022. Over the period under review, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), India (X tons) and the United States (X tons) were the main suppliers of pimenta pepper imports to the Dominican Republic, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), India ($X) and the United States ($X) appeared to be the largest pimenta pepper suppliers to the Dominican Republic, together accounting for X% of total imports.

Among the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pimenta pepper import price amounted to $X per ton, jumping by X% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price 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, pimenta pepper import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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