Dominican Republic: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in the Dominican Republic

In 2022, the Dominican sauce and seasoning market increased by X% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sauce and seasoning consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sauce And Seasoning Production in the Dominican Republic

In value terms, sauce and seasoning production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Sauce And Seasoning Exports

Exports from the Dominican Republic

In 2022, approx. X tons of sauces and seasonings were exported from the Dominican Republic; dropping by X% compared with 2021. In general, exports saw a slight curtailment. The growth pace was the most rapid 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 somewhat lower figure.

In value terms, sauce and seasoning exports fell slightly to $X in 2022. Over the period under review, exports saw a slight decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X tons), the United States (X tons) and Jamaica (X tons) were the main destinations of sauce and seasoning exports from the Dominican Republic, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Jamaica (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sauce and seasoning exported from the Dominican Republic were Haiti ($X), the United States ($X) and Jamaica ($X), together comprising X% of total exports.

In terms of the main countries of destination, Jamaica, 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

In 2022, the average sauce and seasoning export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to the United States ($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 Haiti (X%), while the prices for the other major destinations experienced a decline.

Sauce And Seasoning Imports

Imports into the Dominican Republic

For the eleventh year in a row, the Dominican Republic recorded growth in purchases abroad of sauces and seasonings, which increased by X% to X tons in 2022. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, sauce and seasoning imports surged to $X in 2022. Overall, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of sauce and seasoning to the Dominican Republic, accounting for a X% share of total imports. Moreover, sauce and seasoning imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. Costa Rica (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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Costa Rica (X% per year).

In value terms, the United States ($X) constituted the largest supplier of sauces and seasonings to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Costa Rica, 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: Mexico (X% per year) and Costa Rica (X% per year).

Import Prices by Country

In 2022, the average sauce and seasoning import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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