Dominican Republic: Sweet Potato Market 2024

Sweet Potato Market Size in the Dominican Republic

The Dominican sweet potato market dropped modestly to $X in 2023, which is down by X% against the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2023: its value 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, consumption increased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Sweet Potato Production in the Dominican Republic

In value terms, sweet potato production shrank to $X in 2023 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2023: its value 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, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

The average yield of sweet potatoes in the Dominican Republic dropped to X tons per ha in 2023, almost unchanged from 2022. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The sweet potato yield peaked at X tons per ha in 2022, and then shrank slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of sweet potatoes were harvested in the Dominican Republic; with a decrease of X% against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sweet potato production reached the maximum at X ha in 2022, and then declined modestly in the following year.

Sweet Potato Exports

Exports from the Dominican Republic

In 2023, overseas shipments of sweet potatoes decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, sweet potato exports declined to $X in 2023. In general, total exports indicated noticeable growth from 2012 to 2023: its value 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for sweet potato exports from the Dominican Republic, accounting for a X% share of total exports. It was followed by British Virgin Islands (X tons), with a X% share of total exports. France (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for sweet potatoes exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by British Virgin Islands, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and British Virgin Islands (X% per year).

Export Prices by Country

In 2023, the average sweet potato export price amounted to $X per ton, which is down by X% against the previous year. Overall, export price indicated moderate growth 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, sweet potato export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to British Virgin Islands ($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 Haiti (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sweet Potato Imports

Imports into the Dominican Republic

In 2023, approx. X tons of sweet potatoes were imported into the Dominican Republic; growing by X% against the previous year. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, sweet potato imports skyrocketed to $X in 2023. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the United States (X tons) constituted the largest sweet potato supplier to the Dominican Republic, with a X% share of total imports. Moreover, sweet potato imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold.

From 2012 to 2023, the average annual growth rate of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of sweet potatoes to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States totaled X%.

Import Prices by Country

The average sweet potato import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the import price showed slight growth. The import price peaked at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

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 Belgium ($X per ton), while the price for the United States 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%).

Source: IndexBox Platform