Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in the Dominican Republic - 2023

Contents:

  1. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the Dominican Republic (CIF) - 2022
  2. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the Dominican Republic (FOB) - 2022
  3. Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the Dominican Republic
  4. Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the Dominican Republic

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the Dominican Republic (CIF) - 2022

In 2022, the average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $1,226 per ton, surging by 16% against the previous year. In general, the import price, however, continues to indicate a slight reduction. The import price peaked at $1,716 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($1,363 per ton), while the price for Morocco ($1,124 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+5.1%), while the prices for the other major suppliers experienced a decline.

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the Dominican Republic (FOB) - 2022

The average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $1,793 per ton in 2022, declining by -38.1% against the previous year. Overall, the export price saw a pronounced reduction. The growth pace was the most rapid in 2019 when the average export price increased by 316%. Over the period under review, the average export prices reached the maximum at $4,292 per ton in 2015; however, from 2016 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 the United States ($4,032 per ton), while the average price for exports to Turks and Caicos Islands totaled $1,740 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the Dominican Republic

In 2022, after three years of growth, there was significant decline in supplies from abroad of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia, when their volume decreased by -50% to 224 tons. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 19%.

In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia shrank markedly to $274K in 2022. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 15%.

Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Morocco1141711241345.5%
Spain21024829186.6-25.6%
PortugalN/AN/AN/A54.00%
Others40.40.259.1N/A20.9%
Total365419473274-9.1%

Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to the Dominican Republic in 2022:

  1. Morocco (119.0 tons)
  2. Spain (63.5 tons)
  3. Portugal (41.3 tons)

Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the Dominican Republic

In 2022, approx. 1.3 tons of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia were exported from the Dominican Republic; growing by 707% compared with 2021. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia soared to $2.4K in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the Dominican Republic (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turks and Caicos Islands30.012432.02,276323.3%
United States1081283751255.0%
Haiti17.0470N/AN/A2664.7%
Others436N/A74.0N/A-58.8%
Total5917224812,40159.6%

Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from the Dominican Republic in 2022:

  1. Turks and Caicos Islands (1308.0 kg)
  2. United States (31.0 kg)

Source: IndexBox Market Intelligence Platform

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