Dominican Republic: Quinoa Market 2022

Quinoa Market Size in the Dominican Republic

In 2020, the Dominican quinoa market decreased by -X% to $X, falling for the second year in a row after seven years of growth. In general, consumption, however, posted a significant increase. The pace of growth was the most pronounced in 2017 when the market value increased by X% y-o-y. Quinoa consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Quinoa Exports

Exports from the Dominican Republic

In 2020, the amount of quinoa exported from the Dominican Republic stood at X tons, approximately mirroring the previous year. In general, exports saw a relatively flat trend pattern. Over the period under review, exports reached the peak figure in 2020 and are likely to see gradual growth in the near future.

In value terms, quinoa exports stood at $X in 2020. Overall, exports saw a relatively flat trend pattern. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

France (X kg) was the main destination for quinoa exports from the Dominican Republic, with a approx. X% share of total exports.

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

In value terms, France ($X) also remains the key foreign market for quinoa exports from the Dominican Republic.

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

Export Prices by Country

In 2020, the average quinoa export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, average export prices attained the peak figure in 2020 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for France.

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

Quinoa Imports

Imports into the Dominican Republic

In 2020, purchases abroad of quinoa decreased by -X% to X tons, falling for the second consecutive year after seven years of growth. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, quinoa imports declined notably to $X in 2020. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Peru (X tons) constituted the largest quinoa supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, quinoa imports from Peru exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), fourfold. The U.S. (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual growth rate of volume from Peru was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+X% per year) and the U.S. (-X% per year).

In value terms, Peru ($X) constituted the largest supplier of quinoa to the Dominican Republic, comprising X% of total imports. The second position in the ranking was occupied by Bolivia ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value from Peru totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

In 2020, the average quinoa import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform