Dominican Republic - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingVitamin Price in the Dominican Republic - 2023
Contents:
- Vitamin Price in the Dominican Republic (CIF) - 2022
- Vitamin Price in the Dominican Republic (FOB) - 2022
- Vitamin Imports in the Dominican Republic
- Vitamin Exports in the Dominican Republic
Vitamin Price in the Dominican Republic (CIF) - 2022
In 2022, the average vitamin import price amounted to $13,247 per ton, falling by -4% against the previous year. Over the period under review, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in 2018 an increase of 20% against the previous year. The import price peaked at $20,228 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($20,342 per ton), while the price for Guatemala ($9,906 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.3%), while the prices for the other major suppliers experienced a decline.
Vitamin Price in the Dominican Republic (FOB) - 2022
In 2022, the average vitamin export price amounted to $13,923 per ton, declining by -44.2% against the previous year. In general, the export price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2013 an increase of 109% against the previous year. The export price peaked at $34,251 per ton in 2018; however, from 2019 to 2022, 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 Belgium ($114,313 per ton), while the average price for exports to El Salvador ($102 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 Honduras (+5,734.6%), while the prices for the other major destinations experienced more modest paces of growth.
Vitamin Imports in the Dominican Republic
In 2022, vitamin imports into the Dominican Republic skyrocketed to 741 tons, rising by 16% on the year before. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 31%. As a result, imports attained the peak of 822 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, vitamin imports expanded notably to $9.8M in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Vitamin in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,718 | 2,928 | 1,831 | 2,292 | -5.5% |
| Germany | 1,015 | 1,237 | 1,126 | 1,111 | 3.1% |
| France | 985 | 1,405 | 806 | 978 | -0.2% |
| Mexico | 797 | 1,050 | 869 | 875 | 3.2% |
| United States | 528 | 656 | 430 | 610 | 4.9% |
| Switzerland | 559 | 530 | 406 | 506 | -3.3% |
| Guatemala | 322 | 431 | 247 | 368 | 4.6% |
| Netherlands | 165 | 244 | 197 | 218 | 9.7% |
| India | 171 | 322 | 170 | 210 | 7.1% |
| Spain | 414 | 599 | 180 | 207 | -20.6% |
| Belgium | 230 | 252 | 132 | 180 | -7.8% |
| Others | 692 | 1,141 | 2,450 | 2,264 | 48.5% |
| Total | 8,594 | 10,796 | 8,844 | 9,820 | 4.5% |
Top Suppliers of Vitamin to the Dominican Republic in 2022:
- China (203.1 tons)
- Germany (97.5 tons)
- France (61.7 tons)
- United States (48.4 tons)
- Mexico (43.0 tons)
- Guatemala (37.1 tons)
- Switzerland (31.2 tons)
- Spain (19.2 tons)
- India (18.9 tons)
- Belgium (17.1 tons)
- Netherlands (14.0 tons)
Vitamin Exports in the Dominican Republic
In 2022, the amount of provitamins and vitamins exported from the Dominican Republic soared to 9.4 tons, with an increase of 42% against 2021 figures. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 68%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, vitamin exports shrank remarkably to $131K in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 66%. As a result, the exports attained the peak of $165K, and then contracted remarkably in the following year.
| Export of Vitamin in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 19.1 | 39.4 | 31.0 | 53.4 | 40.9% |
| Barbados | 0.4 | 1.3 | 16.9 | 15.5 | 238.4% |
| Cuba | 23.4 | 18.0 | 80.8 | 15.3 | -13.2% |
| United States | 9.8 | 8.8 | 10.3 | 14.2 | 13.2% |
| Belgium | 28.5 | 17.4 | 7.4 | 9.1 | -31.7% |
| Venezuela | 2.7 | 3.6 | 4.8 | 8.8 | 48.3% |
| Turks and Caicos Islands | 0.7 | 0.9 | 5.0 | 4.6 | 87.3% |
| Netherlands | 2.1 | 1.9 | 0.5 | 3.4 | 17.4% |
| Nicaragua | 2.0 | N/A | N/A | 3.3 | 18.2% |
| Uruguay | 6.4 | 0.7 | 0.5 | 1.0 | -46.1% |
| Guatemala | 1.8 | 0.5 | 2.5 | 0.6 | -30.7% |
| El Salvador | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Brazil | N/A | 4.7 | N/A | N/A | 0% |
| Others | 0.5 | 1.9 | 5.3 | 1.5 | 44.2% |
| Total | 97.8 | 99.3 | 165 | 131 | 10.2% |
Top Export Markets for Vitamin from the Dominican Republic in 2022:
- Turks and Caicos Islands (2186.0 kg)
- El Salvador (1782.0 kg)
- Haiti (1506.0 kg)
- United States (1485.0 kg)
- Netherlands (960.0 kg)
- Barbados (440.0 kg)
- Nicaragua (309.0 kg)
- Venezuela (239.0 kg)
- Uruguay (152.0 kg)
- Belgium (80.0 kg)
- Guatemala (18.0 kg)
- Cuba (10.0 kg)
This report provides an in-depth analysis of the vitamin market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21105100 - Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, w hether or not in any solvent
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
290
This report provides an in-depth analysis of the vitamin market in the Dominican Republic.
2721
This report provides an in-depth analysis of the global vitamin market.
290
This report provides an in-depth analysis of the vitamin market in the Dominican Republic.
2721
This report provides an in-depth analysis of the global vitamin market.
213
Vitamins play a crucial role in maintaining good health and well-being. They are essential nutrients that our bodies need in small amounts to function properly. With the growing awareness of the importance of vitamins, the global demand for vitamin supplements and fortified foods has been on the rise. As a result, several countries have become major import markets for vitamins, enabling people around the world to access these essential nutrients easily. One platform that provides in-depth insights into the global import market for vitamins is IndexBox Market Intelligence. This platform offers comprehensive data and statistics that allow businesses and individuals to stay informed about the latest trends and developments in the industry. The top import markets for vitamins in 2022 are the United States, Netherlands, Germany, Singapore, and France. These countries not only serve as vital import markets for vitamins but also contribute significantly to the global vitamin industry. The demand for vitamins continues to grow as people become more conscious of their health and seek ways to enhance their well-being. The import markets for vitamins have a significant impact on the global vitamin industry, driving the production and trade of vitamin supplements and fortified foods on a global scale. Platforms like IndexBox Market Intelligence offer invaluable data and insights to businesses and individuals seeking to navigate the complex dynamics of the global import market for vitamins. Staying informed about the latest trends and developments allows industry players to make informed decisions and capitalize on emerging opportunities.
347
Global vitamin trade rose by 16% y/y to $7.7B in 2020, driven by the increased demand for immune-boosting drugs during the COVID-19 pandemic. In physical terms, supplies spiked by 18% y/y to 584K tons.
1410
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
832
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
213
Vitamins play a crucial role in maintaining good health and well-being. They are essential nutrients that our bodies need in small amounts to function properly. With the growing awareness of the importance of vitamins, the global demand for vitamin supplements and fortified foods has been on the rise. As a result, several countries have become major import markets for vitamins, enabling people around the world to access these essential nutrients easily. One platform that provides in-depth insights into the global import market for vitamins is IndexBox Market Intelligence. This platform offers comprehensive data and statistics that allow businesses and individuals to stay informed about the latest trends and developments in the industry. The top import markets for vitamins in 2022 are the United States, Netherlands, Germany, Singapore, and France. These countries not only serve as vital import markets for vitamins but also contribute significantly to the global vitamin industry. The demand for vitamins continues to grow as people become more conscious of their health and seek ways to enhance their well-being. The import markets for vitamins have a significant impact on the global vitamin industry, driving the production and trade of vitamin supplements and fortified foods on a global scale. Platforms like IndexBox Market Intelligence offer invaluable data and insights to businesses and individuals seeking to navigate the complex dynamics of the global import market for vitamins. Staying informed about the latest trends and developments allows industry players to make informed decisions and capitalize on emerging opportunities.
347
Global vitamin trade rose by 16% y/y to $7.7B in 2020, driven by the increased demand for immune-boosting drugs during the COVID-19 pandemic. In physical terms, supplies spiked by 18% y/y to 584K tons.
1410
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
832
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
