Price for Cereal Grains; Rolled or Flaked, of Oats in the Dominican Republic - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Oats in the Dominican Republic (FOB) - 2023
2. Price for Cereal Grains; Rolled or Flaked, of Oats in the Dominican Republic (CIF) - 2023
3. Exports of Cereal Grains; Rolled or Flaked, of Oats in the Dominican Republic
4. Imports of Cereal Grains; Rolled or Flaked, of Oats in the Dominican Republic

Price for Cereal Grains; Rolled or Flaked, of Oats in the Dominican Republic (FOB) - 2023

In March 2023, the average export price for cereal grains; rolled or flaked, of oatses amounted to $1,857 per ton, shrinking by -7.7% against the previous month. Overall, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 8.8% against the previous month. The export price peaked at $2,183 per ton in March 2022; however, from April 2022 to March 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In March 2023, the country with the highest price was the United States ($2,113 per ton), while the average price for exports to Haiti ($670 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Curacao (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Grains; Rolled or Flaked, of Oats in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for cereal grains; rolled or flaked, of oatses amounted to $866 per ton, with an increase of 4.7% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 13% against the previous month. Over the period under review, average import prices hit record highs in March 2023.

Average prices varied somewhat amongst the major supplying countries. In March 2023, the country with the highest price was Canada ($1,134 per ton), while the price for Chile totaled $757 per ton.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Chile (+0.5%).

Exports of Cereal Grains; Rolled or Flaked, of Oats in the Dominican Republic

In 2022, exports of cereal grains; rolled or flaked, of oatses from the Dominican Republic dropped slightly to 3.6K tons, with a decrease of -3.5% on the previous year's figure. In general, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 8.3% against the previous year.

In value terms, exports of cereal grains; rolled or flaked, of oatses amounted to $7.2M in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Oats from the Dominican Republic in 2022:

1. United States (2959.0 tons)
2. Haiti (333.6 tons)
3. Jamaica (113.6 tons)
4. Guyana (55.7 tons)
5. Curacao (48.2 tons)

Imports of Cereal Grains; Rolled or Flaked, of Oats in the Dominican Republic

In 2022, supplies from abroad of cereal grains; rolled or flaked, of oatses decreased by -38.7% to 3.4K tons, falling for the second consecutive year after two years of growth. In general, imports, however, posted a notable expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 100% against the previous year. As a result, imports attained the peak of 6.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cereal grains; rolled or flaked, of oatses contracted sharply to $2.6M in 2022. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 117% against the previous year. As a result, imports reached the peak of $4.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Oats to the Dominican Republic in 2022:

1. Chile (3267.9 tons)
2. Guatemala (73.1 tons)
3. Canada (9.9 tons)

Source: IndexBox Market Intelligence Platform