Dominican Republic: Potato Market 2024

Potato Market Size in the Dominican Republic

The Dominican potato market rose sharply to $X in 2023, growing by X% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level in 2023 and is likely to see gradual growth in the near future.

Potato Production in the Dominican Republic

In value terms, potato production shrank to $X in 2023 estimated in export price. In general, production, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Potato production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

In 2023, the average yield of potatoes in the Dominican Republic fell slightly to X tons per ha, which is down by X% compared with the previous year's figure. Over the period under review, the yield, however, saw mild growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The potato yield peaked at X tons per ha in 2022, and then declined 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 potatoes in the Dominican Republic stood at X ha, remaining relatively unchanged against 2022. The harvested area increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to potato production reached the peak figure at X ha in 2019; however, from 2020 to 2023, the harvested area stood at a somewhat lower figure.

Potato Exports

Exports from the Dominican Republic

In 2023, overseas shipments of potatoes increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. In general, exports, however, saw a abrupt shrinkage. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, potato exports soared to $X in 2023. Overall, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for potato exports from the Dominican Republic, with a X% share of total exports. Moreover, potato exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Turks and Caicos Islands (X% per year).

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

From 2012 to 2023, 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: Germany (X% per year) and Turks and Caicos Islands (X% per year).

Export Prices by Country

The average potato export price stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turks and Caicos Islands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (X%), while the prices for the other major destinations experienced a decline.

Potato Imports

Imports into the Dominican Republic

In 2023, potato imports into the Dominican Republic skyrocketed to X tons, growing by X% on the previous year's figure. In general, imports saw a resilient increase. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, potato imports soared to $X in 2023. Overall, imports posted significant growth. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are likely to continue growth in the immediate term.

Imports by Country

In 2023, the United States (X tons) constituted the largest potato supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, potato imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and the Netherlands (X% per year).

In value terms, the United States ($X) constituted the largest supplier of potatoes to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2023, 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: Canada (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average potato import price stood at $X per ton in 2023, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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 more modest paces of growth.

Source: IndexBox Platform