Price for Grapes; Fresh or Dried in the Dominican Republic - 2023

Contents:

  1. Price for Grapes; Fresh or Dried in the Dominican Republic (CIF) - 2023
  2. Price for Grapes; Fresh or Dried in the Dominican Republic (FOB) - 2022
  3. Imports of Grapes; Fresh or Dried in the Dominican Republic
  4. Exports of Grapes; Fresh or Dried in the Dominican Republic

Price for Grapes; Fresh or Dried in the Dominican Republic (CIF) - 2023

The average grapes; fresh or dried import price stood at $2,721 per ton in March 2023, which is down by -15.1% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 20% month-to-month. The import price peaked at $3,512 per ton in August 2022; however, from September 2022 to March 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($6,381 per ton), while the price for Turkey ($2,033 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Turkey (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Grapes; Fresh or Dried in the Dominican Republic (FOB) - 2022

The average grapes; fresh or dried export price stood at $2,994 per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. The growth pace was the most rapid in 2015 an increase of 58% against the previous year. Over the period under review, the average export prices hit record highs at $6,082 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($9,730 per ton), while the average price for exports to Turks and Caicos Islands ($2,532 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 Turks and Caicos Islands (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grapes; Fresh or Dried in the Dominican Republic

In 2022, the amount of grapes; fresh or drieds imported into the Dominican Republic soared to 9.7K tons, jumping by 16% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, grapes; fresh or dried imports expanded rapidly to $29M in 2022. The total import value increased at an average annual rate of +10.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Grapes; Fresh or Dried in the Dominican Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States13.215.113.712.7-1.3%
Peru2.34.26.69.158.2%
Chile4.73.64.36.08.5%
Argentina1.30.81.31.30.0%
Others0.30.2N/A0.1-30.7%
Total21.923.926.029.19.9%

Top Suppliers of Grapes; Fresh or Dried to the Dominican Republic in 2022:

  1. Peru (3.5K tons)
  2. United States (3.1K tons)
  3. Chile (2.5K tons)
  4. Argentina (0.6K tons)

Exports of Grapes; Fresh or Dried in the Dominican Republic

In 2022, overseas shipments of grapes; fresh or drieds decreased by -96% to 946 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a sharp descent. The pace of growth appeared the most rapid in 2020 when exports increased by 414% against the previous year. As a result, the exports attained the peak of 28 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, grapes; fresh or dried exports reduced dramatically to $2.8K in 2022. Overall, exports showed a sharp setback. The most prominent rate of growth was recorded in 2020 with an increase of 100%.

Export of Grapes; Fresh or Dried in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Haiti7.04.343.31.9-35.3%
SwitzerlandN/AN/AN/A0.40%
United States3.713.717.10.3-56.7%
Turks and Caicos Islands0.80.40.20.3-27.9%
CubaN/A26.3N/AN/A0%
Jamaica11.24.4N/AN/A-60.7%
Others2.00.40.3N/A-61.3%
Total24.749.560.92.8-51.6%

Top Export Markets for Grapes; Fresh or Dried from the Dominican Republic in 2022:

  1. Haiti (735.0 kg)
  2. Turks and Caicos Islands (109.0 kg)
  3. United States (65.0 kg)
  4. Switzerland (37.0 kg)

Source: IndexBox Market Intelligence Platform

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