Brown Rice Price in the Dominican Republic - 2023
Contents:
- Brown Rice Price in the Dominican Republic (CIF) - 2022
- Brown Rice Price in the Dominican Republic (FOB) - 2022
- Brown Rice Imports in the Dominican Republic
- Brown Rice Exports in the Dominican Republic
Brown Rice Price in the Dominican Republic (CIF) - 2022
The average brown rice import price stood at $727 per ton in 2022, rising by 1.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 57% against the previous year. As a result, import price attained the peak level of $1,075 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,141 per ton), while the price for China ($476 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Brown Rice Price in the Dominican Republic (FOB) - 2022
The average brown rice export price stood at $874 per ton in 2022, growing by 20% against the previous year. Overall, the export price showed prominent growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 45%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,857 per ton), while the average price for exports to Haiti ($509 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 Panama (+86.7%), while the prices for the other major destinations experienced more modest paces of growth.
Brown Rice Imports in the Dominican Republic
In 2022, supplies from abroad of husked (brown) rice decreased by -32.5% to 350 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 186% against the previous year. As a result, imports reached the peak of 518 tons, and then contracted markedly in the following year.
In value terms, brown rice imports contracted markedly to $254K in 2022. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 166% against the previous year. As a result, imports reached the peak of $370K, and then fell markedly in the following year.
| Import of Brown Rice in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 91.4 | 110 | 288 | 186 | 26.7% |
| Guyana | 9.2 | 13.0 | 39.9 | 38.8 | 61.6% |
| Spain | 0.8 | 1.6 | 6.4 | 8.1 | 116.3% |
| China | 0.7 | 1.2 | 4.3 | 4.9 | 91.3% |
| Others | 2.7 | 13.3 | 31.3 | 16.9 | 84.3% |
| Total | 105 | 139 | 370 | 254 | 34.2% |
Top Suppliers of Brown Rice to the Dominican Republic in 2022:
- United States (284.5 tons)
- Guyana (40.1 tons)
- China (10.3 tons)
- Spain (7.1 tons)
Brown Rice Exports in the Dominican Republic
For the third consecutive year, the Dominican Republic recorded decline in shipments abroad of husked (brown) rice, which decreased by -8.9% to 22 tons in 2022. In general, exports faced a sharp decrease.
In value terms, brown rice exports stood at $19K in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 18%. As a result, the exports attained the peak of $21K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Brown Rice in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 9.9 | 11.8 | 6.6 | 7.6 | -8.4% |
| Aruba | 0.7 | 1.8 | 3.6 | 4.2 | 81.7% |
| Spain | 6.9 | 7.1 | 3.4 | 3.3 | -21.8% |
| United States | 0.1 | 0.1 | 0.1 | 2.7 | 200.0% |
| Netherlands | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Others | 0.1 | 0.1 | 4.0 | 0.8 | 100.0% |
| Total | 17.7 | 20.9 | 17.7 | 19.3 | 2.9% |
Top Export Markets for Brown Rice from the Dominican Republic in 2022:
- Haiti (15.0 tons)
- Aruba (3.2 tons)
- Spain (2.3 tons)
- United States (0.9 tons)
- Netherlands (0.3 tons)
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