Dominican Republic: Cassava Market 2024

Cassava Market Size in the Dominican Republic

The Dominican cassava market totaled $X in 2023, surging by X% against the previous year. In general, consumption saw a relatively flat trend pattern. Cassava consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Cassava Production in the Dominican Republic

In value terms, cassava production amounted to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Cassava production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

In 2023, the average yield of cassava in the Dominican Republic soared to X tons per ha, rising by X% against the previous year. In general, the yield, however, showed a pronounced reduction. Over the period under review, the average cassava yield attained the peak level at X tons per ha in 2021; however, from 2022 to 2023, the yield stood 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 2023, the total area harvested in terms of cassava production in the Dominican Republic plummeted to X ha, waning by X% compared with 2022 figures. Overall, the total harvested area indicated a noticeable expansion from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cassava harvested area increased by X% against 2021 indices. The pace of growth was the most pronounced in 2022 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha, and then fell rapidly in the following year.

Cassava Exports

Exports from the Dominican Republic

In 2023, approx. X tons of cassava were exported from the Dominican Republic; with a decrease of X% on the year before. In general, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, cassava exports fell sharply to $X in 2023. Overall, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2023, the average annual rate of growth in terms of volume to Aruba amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

In value terms, the largest markets for cassava exported from the Dominican Republic were Aruba ($X), the United States ($X) and Belgium ($X), with a combined X% share of total exports.

Among the main countries of destination, Aruba, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cassava export price stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price posted noticeable growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Haiti ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cassava Imports

Imports into the Dominican Republic

For the third year in a row, the Dominican Republic recorded growth in supplies from abroad of cassava, which increased by X% to X tons in 2023. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in years to come.

In value terms, cassava imports soared to $X in 2023. In general, imports recorded a significant increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see gradual growth in years to come.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of cassava to the Dominican Republic, accounting for a X% share of total imports. Moreover, cassava imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

In value terms, the United States ($X) constituted the largest supplier of cassava to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average cassava import price amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform