Dominican Republic: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in the Dominican Republic

The Dominican mushroom and truffle market surged to $X in 2023, rising by X% against the previous year. Overall, consumption showed a resilient increase. Over the period under review, the market reached the peak level in 2023 and is likely to see gradual growth in the near future.

Mushroom And Truffle Production in the Dominican Republic

In value terms, mushroom and truffle production stood at $X in 2023 estimated in export price. Overall, production, however, saw a deep setback. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

In 2023, the average yield of mushrooms and truffles in the Dominican Republic totaled less than X kg per ha, stabilizing at 2022. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The mushroom and truffle harvested area in the Dominican Republic amounted to less than X ha in 2023, approximately reflecting 2022. In general, the harvested area recorded a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from the Dominican Republic

In 2023, overseas shipments of mushrooms and truffles decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a significant contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, mushroom and truffle exports shrank remarkably to $X in 2023. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Curacao (X tons) and Canada (X tons) were the main destinations of mushroom and truffle exports from the Dominican Republic, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Curacao (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mushroom and truffle exported from the Dominican Republic were the United States ($X), Curacao ($X) and France ($X), together comprising X% of total exports.

Curacao, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mushroom and truffle export price stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the export price saw a remarkable increase. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Canada ($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 Curacao (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mushroom And Truffle Imports

Imports into the Dominican Republic

After two years of growth, supplies from abroad of mushrooms and truffles decreased by X% to X tons in 2023. In general, imports recorded a perceptible slump. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, mushroom and truffle imports reduced remarkably to $X in 2023. Over the period under review, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons) and Spain (X tons) were the main suppliers of mushroom and truffle imports to the Dominican Republic.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%).

In value terms, the United States ($X) and Spain ($X) appeared to be the largest mushroom and truffle suppliers to the Dominican Republic.

Among the main suppliers, Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average mushroom and truffle import price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, mushroom and truffle import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2022, and then fell notably in the following year.

Average prices varied noticeably 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 Spain amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform