Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Dominican Republic - 2023

Contents:

1. Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Dominican Republic (CIF) - 2022
2. Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Dominican Republic (FOB) - 2022
3. Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Dominican Republic
4. Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Dominican Republic

Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Dominican Republic (CIF) - 2022

In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $6,579 per ton, jumping by 26% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; fruits of the genus capsicum or pimenta, crushed or ground increased by +44.1% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 83%. As a result, import price attained the peak level of $6,601 per ton; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($7,892 per ton), while the price for India ($5,521 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Dominican Republic (FOB) - 2022

In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $1,105 per ton, dropping by -37.1% against the previous year. In general, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 an increase of 75% against the previous year. As a result, the export price reached the peak level of $2,542 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -0.9% per year.

Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Dominican Republic

In 2022, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into the Dominican Republic was estimated at 47 tons, with an increase of 6.2% compared with 2021 figures. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $311K in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to the Dominican Republic in 2022:

1. Spain (19.5 tons)
2. India (17.2 tons)
3. United States (10.6 tons)

Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Dominican Republic

In 2022, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground was finally on the rise to reach 47 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt descent.

In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground reduced notably to $52K in 2022. Overall, exports, however, continue to indicate a dramatic decline. The smallest decline of -23.2% was in 2021.

Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from the Dominican Republic in 2022:

1. Canada (47.0 tons)

Source: IndexBox Market Intelligence Platform