Dominican Republic: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in the Dominican Republic

The Dominican preserved sweet corn market surged to $X in 2022, growing by X% against the previous year. Over the period under review, consumption recorded a significant increase. Preserved sweet corn consumption peaked in 2022 and is expected to retain growth in the immediate term.

Preserved Sweet Corn Production in the Dominican Republic

In value terms, preserved sweet corn production amounted to $X in 2022 estimated in export price. In general, production recorded a sharp setback. The growth pace was the most rapid in 2013 with a decrease of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of sweet corn prepared or preserved in the Dominican Republic totaled less than X kg per ha in 2022, stabilizing at the previous year's figure. Overall, the yield continues to indicate 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, approx. less than X ha of sweet corn prepared or preserved were harvested in the Dominican Republic; remaining constant against the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.

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Preserved Sweet Corn Exports

Exports from the Dominican Republic

In 2022, shipments abroad of sweet corn prepared or preserved increased by X% to X tons, rising for the second year in a row after six years of decline. Overall, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, preserved sweet corn exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a deep setback. 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 tons), Turks and Caicos Islands (X tons) and Curacao (X tons) were the main destinations of preserved sweet corn exports from the Dominican Republic, with a combined X% share of total exports. Panama, Guyana, the United States and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, Haiti ($X) emerged as the key foreign market for sweet corn prepared or preserved exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average preserved sweet corn export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turks and Caicos Islands ($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 more modest paces of growth.

Preserved Sweet Corn Imports

Imports into the Dominican Republic

Preserved sweet corn imports into the Dominican Republic skyrocketed to X tons in 2022, with an increase of X% compared with the previous year. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, preserved sweet corn imports soared to $X in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of preserved sweet corn to the Dominican Republic, with a X% share of total imports. Moreover, preserved sweet corn imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%.

In value terms, the United States ($X) constituted the largest supplier of sweet corn prepared or preserved to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%.

Import Prices by Country

The average preserved sweet corn import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated tangible growth 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, preserved sweet corn import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue 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 China amounted to $X per ton.

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

Source: IndexBox Platform

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