Spices; Mixtures Price in the Dominican Republic - 2023
Contents:
- Spices; Mixtures Price in the Dominican Republic (CIF) - 2022
- Spices; Mixtures Price in the Dominican Republic (FOB) - 2022
- Spices; Mixtures Imports in the Dominican Republic
- Spices; Mixtures Exports in the Dominican Republic
Spices; Mixtures Price in the Dominican Republic (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $3,936 per ton, which is down by -37.6% against the previous year. In general, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of 22%. As a result, import price reached the peak level of $6,800 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
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 the United States ($5,956 per ton), while the price for Lebanon ($1,492 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+28.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Mixtures Price in the Dominican Republic (FOB) - 2022
The average spices; mixtures export price stood at $5,605 per ton in 2022, jumping by 55% against the previous year. Overall, the export price enjoyed significant growth. The pace of growth appeared the most rapid in 2013 an increase of 162% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($6,457 per ton), while the average price for exports to the United States ($1,723 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 Canada (+48.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in the Dominican Republic
In 2022, approx. 44 tons of spices; mixtureses were imported into the Dominican Republic; increasing by 628% compared with 2021 figures. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; mixtures imports surged to $174K in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Mixtures in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 18.9 | 29.6 | 21.5 | 134 | 92.1% |
| Lebanon | N/A | N/A | 0.1 | 15.6 | 15500.0% |
| United States | 37.3 | 48.1 | 15.6 | 11.0 | -33.4% |
| India | 6.1 | 4.0 | N/A | 8.9 | 13.4% |
| Egypt | 4.3 | 1.8 | 0.3 | 3.4 | -7.5% |
| Canada | 9.9 | N/A | N/A | N/A | 0% |
| Others | 4.1 | 2.9 | 0.8 | 0.6 | -47.3% |
| Total | 80.6 | 86.4 | 38.3 | 174 | 29.2% |
Top Suppliers of Spices; Mixtures to the Dominican Republic in 2022:
- Spain (27.7 tons)
- Lebanon (10.5 tons)
- India (3.4 tons)
- United States (1.8 tons)
- Egypt (0.5 tons)
Spices; Mixtures Exports in the Dominican Republic
In 2022, overseas shipments of spices; mixtureses decreased by -9.8% to 6.3 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 38% against the previous year. As a result, the exports attained the peak of 10 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mixtures exports surged to $36K in 2022. Overall, exports showed a perceptible shrinkage.
| Export of Spices; Mixtures in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jamaica | 3.6 | 5.6 | 11.0 | 24.2 | 88.7% |
| Trinidad and Tobago | 31.2 | 9.8 | 13.1 | 8.1 | -36.2% |
| United States | 0.3 | 22.0 | 1.2 | 1.7 | 78.3% |
| Others | 3.9 | 0.4 | 0.1 | 1.5 | -27.3% |
| Total | 39.0 | 37.8 | 25.4 | 35.5 | -3.1% |
Top Export Markets for Spices; Mixtures from the Dominican Republic in 2022:
- Jamaica (4.0 tons)
- Trinidad and Tobago (1.3 tons)
- United States (1.0 tons)
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