Dominican Republic: Yautia (Cocoyam) Market 2024

Yautia (Cocoyam) Market Size in the Dominican Republic

The Dominican yautia (cocoyam) market contracted modestly to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Yautia (cocoyam) consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Yautia (Cocoyam) Production in the Dominican Republic

In value terms, yautia (cocoyam) production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, (cocoyam) production growth remained at a lower figure.

In 2022, the average yield of yautia in the Dominican Republic rose slightly to X tons per ha, growing by X% against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average yautia (cocoyam) yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the yautia (cocoyam) harvested area in the Dominican Republic was estimated at X ha, remaining constant against the year before. In general, the harvested area, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to yautia (cocoyam) production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Yautia (Cocoyam) Exports

Exports from the Dominican Republic

In 2022, shipments abroad of yautia increased by X% to X tons, rising for the second year in a row after four years of decline. Overall, exports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, yautia (cocoyam) exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the (cocoyam) exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for yautia (cocoyam) exports from the Dominican Republic, with a X% share of total exports. Moreover, yautia (cocoyam) exports to the United States exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was taken by Aruba (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Aruba (X% per year).

In value terms, the United States ($X) remains the key foreign market for yautia exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Aruba ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, 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: Aruba (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average yautia (cocoyam) export price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum 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 Aruba ($X per ton), while the average price for exports to Curacao ($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 Aruba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Yautia (Cocoyam) Imports

Imports into the Dominican Republic

Yautia (cocoyam) imports into the Dominican Republic soared to X tons in 2022, growing by X,479% on 2021. Over the period under review, imports enjoyed a significant expansion. Over the period under review, (cocoyam) imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, yautia (cocoyam) imports surged to $X in 2022. In general, imports continue to indicate significant growth. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ecuador (X tons) was the main supplier of yautia (cocoyam) to the Dominican Republic, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Ecuador amounted to X%.

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

From 2012 to 2022, the average annual growth rate of value from Ecuador totaled X%.

Import Prices by Country

The average yautia (cocoyam) import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood 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 2022, the rate of growth in terms of prices for Costa Rica amounted to X% per year.

Source: IndexBox Platform

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