Dominican Republic: Plantain Market 2024

Plantain Market Size in the Dominican Republic

The Dominican plantain market rose sharply to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Plantain Production in the Dominican Republic

In value terms, plantain production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X%. Plantain production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of plantains in the Dominican Republic totaled X tons per ha in 2022, surging by X% compared with the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average plantain yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of plantains production in the Dominican Republic declined modestly to X ha, waning by X% on the year before. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The plantain harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area remained at a lower figure.

Plantain Exports

Exports from the Dominican Republic

In 2022, plantain exports from the Dominican Republic expanded remarkably to X tons, picking up by X% against the previous year's figure. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, plantain exports rose to $X in 2022. Over the period under review, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X tons), the United States (X tons) and Spain (X tons) were the main destinations of plantain exports from the Dominican Republic, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), the United States ($X) and Spain ($X) constituted the largest markets for plantain exported from the Dominican Republic worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plantain export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price saw a slight contraction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plantain Imports

Imports into the Dominican Republic

In 2020, the amount of plantains imported into the Dominican Republic contracted significantly to X kg, waning by X% against 2019. In general, imports showed a significant decline. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2020, the growth of imports failed to regain momentum.

In value terms, plantain imports skyrocketed to $X in 2020. Over the period under review, imports showed a precipitous decrease. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2020, the growth of imports remained at a lower figure.

Imports by Country

In 2020, Ecuador (X kg) was the main supplier of plantain to the Dominican Republic, accounting for a approx. X% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from Ecuador amounted to X%.

In value terms, Ecuador ($X) constituted the largest supplier of plantains to the Dominican Republic.

From 2012 to 2020, the average annual growth rate of value from Ecuador amounted to X%.

Import Prices by Country

The average plantain import price stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2020, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2012 to 2020, the rate of growth in terms of prices for Ecuador amounted to X% per year.

Source: IndexBox Platform

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