Price for Cereals; Maize (Corn), Other than Seed in the Dominican Republic - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in the Dominican Republic (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in the Dominican Republic (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in the Dominican Republic
- Exports of Cereals; Maize (Corn), Other than Seed in the Dominican Republic
Price for Cereals; Maize (Corn), Other than Seed in the Dominican Republic (CIF) - 2023
The average import price for cereals; maize (corn), other than seeds stood at $320 per ton in March 2023, waning by -3.9% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 an increase of 11% m-o-m. Over the period under review, average import prices attained the maximum at $402 per ton in June 2022; however, from July 2022 to March 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Argentina ($850 per ton), while the price for the United States ($316 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Argentina (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in the Dominican Republic (FOB) - 2022
The average export price for cereals; maize (corn), other than seeds stood at $971 per ton in 2022, jumping by 46% against the previous year. Overall, the export price posted resilient growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 70% against the previous year. The export price peaked at $1,287 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($1,001 per ton), while the average price for exports to Aruba ($546 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 Haiti (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Other than Seed in the Dominican Republic
In 2022, approx. 1.4M tons of cereals; maize (corn), other than seeds were imported into the Dominican Republic; dropping by -9.7% on 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 19%. As a result, imports attained the peak of 1.5M tons, and then reduced in the following year.
In value terms, imports of cereals; maize (corn), other than seeds reached $481M in 2022. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Cereals; Maize (Corn), Other than Seed in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 163 | 140 | 204 | 262 | 17.1% |
| United States | 92.3 | 101 | 130 | 175 | 23.8% |
| Argentina | 30.5 | 19.2 | 92.5 | 43.9 | 12.9% |
| Others | 3.9 | N/A | N/A | N/A | 0% |
| Total | 289 | 260 | 426 | 481 | 18.5% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to the Dominican Republic in 2022:
- Brazil (772.7K tons)
- United States (486.1K tons)
- Argentina (119.3K tons)
Exports of Cereals; Maize (Corn), Other than Seed in the Dominican Republic
For the third year in a row, the Dominican Republic recorded decline in overseas shipments of cereals; maize (corn), other than seeds, which decreased by -18.1% to 577 tons in 2022. Overall, exports saw a dramatic curtailment. The smallest decline of -2.4% was in 2020.
In value terms, exports of cereals; maize (corn), other than seeds surged to $561K in 2022. Over the period under review, exports continue to indicate a abrupt curtailment.
| Export of Cereals; Maize (Corn), Other than Seed in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 868 | 734 | 445 | 537 | -14.8% |
| Aruba | 9.8 | 3.8 | 12.2 | 18.5 | 23.6% |
| Others | 30.6 | 2.1 | 11.7 | 4.9 | -45.7% |
| Total | 908 | 740 | 469 | 561 | -14.8% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from the Dominican Republic in 2022:
- Haiti (536.7 tons)
- Aruba (33.9 tons)
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