Milled Rice Price in the Dominican Republic - 2023
Contents:
- Milled Rice Price in the Dominican Republic (CIF) - 2023
- Milled Rice Price in the Dominican Republic (FOB) - 2022
- Milled Rice Imports in the Dominican Republic
- Milled Rice Exports in the Dominican Republic
Milled Rice Price in the Dominican Republic (CIF) - 2023
In March 2023, the average milled rice import price amounted to $1,543 per ton, with a decrease of -66.8% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 164% m-o-m. As a result, import price attained the peak level of $4,643 per ton, and then shrank significantly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was India ($4,292 per ton), while the price for Vietnam ($963 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 Thailand (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in the Dominican Republic (FOB) - 2022
The average milled rice export price stood at $1,167 per ton in 2022, rising by 18% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 965%. As a result, the export price reached the peak level of $11,582 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($11,547 per ton), while the average price for exports to Haiti ($794 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 the Netherlands (+47.5%), while the prices for the other major destinations experienced mixed trend patterns.
Milled Rice Imports in the Dominican Republic
After three years of growth, purchases abroad of semi-milled or wholly milled (bleached) rice decreased by -40.3% to 22K tons in 2022. Overall, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2020 when imports increased by 61%.
In value terms, milled rice imports declined dramatically to $18M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 76%.
| Import of Milled Rice in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.9 | 20.1 | 22.4 | 16.8 | 15.5% |
| Others | 0.7 | 0.2 | 0.4 | 0.9 | 8.7% |
| Total | 11.6 | 20.3 | 22.8 | 17.7 | 15.1% |
Top Suppliers of Milled Rice to the Dominican Republic in 2022:
- United States (21.7K tons)
Milled Rice Exports in the Dominican Republic
In 2022, the amount of semi-milled or wholly milled (bleached) rice exported from the Dominican Republic surged to 141 tons, rising by 81% on the previous year's figure. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, milled rice exports skyrocketed to $164K in 2022. Overall, exports posted a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Milled Rice in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 48.4 | 87.0 | 79.8% |
| Haiti | 6.2 | 0.5 | 2.7 | 35.3 | 78.6% |
| British Virgin Islands | 3.7 | 4.7 | 4.7 | 22.2 | 81.7% |
| United States | 39.9 | 12.0 | 7.2 | 1.6 | -65.8% |
| Aruba | N/A | 8.0 | N/A | N/A | 0% |
| Finland | 30.9 | 40.0 | N/A | N/A | 29.4% |
| Others | 43.8 | 16.8 | 14.0 | 18.3 | -25.2% |
| Total | 125 | 82.0 | 77.0 | 164 | 9.5% |
Top Export Markets for Milled Rice from the Dominican Republic in 2022:
- Netherlands (64.9 tons)
- Haiti (44.4 tons)
- British Virgin Islands (27.2 tons)
- United States (1.1 tons)
642
This report provides an in-depth analysis of the rice market in the Dominican Republic.
449
This report provides an in-depth analysis of the paddy rice market in the Dominican Republic.
300
This report provides an in-depth analysis of the grain market in the Dominican Republic.
625
This report provides an in-depth analysis of the global milled rice market.
498
This report provides an in-depth analysis of the global milled rice market.
7885
This report provides an in-depth analysis of the global rice market.
1585
This report provides an in-depth analysis of the global paddy rice market.
1386
This report provides an in-depth analysis of the global broken rice market.
747
This report provides an in-depth analysis of the global brown rice market.
3957
This report provides an in-depth analysis of the global grain market.
84
Explore the top import markets for milled rice and learn about the key statistics and trends in these countries. Discover the role these import markets play in the global rice trade.
293
Explore the top import markets for rice and discover key statistics and insights. Learn about the countries with the highest import value for rice, including China, the Philippines, Iran, and more.
837
This year, rice prices are forecast to ease, thanks primarily to rising production and exports from India, Thailand, Vietnam, China, and Pakistan. India dominates global trade, more than doubling its supplies at a competitive cost over the past two years.
799
Over 2020-2021 period, the global rice market displayed robust production indicators. Despite a pronounced shortage of shipping containers threatening to disrupt supplies to Africa, the global rice export market continues to expand. India maintains its status as the largest exporter, boasting the most competitive rice export prices.
1427
Global rice consumption amounted to X tons in 2016 (in terms of milled rice weight), posting modest but robust gains from 2007-2016. The total consumption volume increased at an average annual rate of +X%. Over the period under review, the globa
10424
Global rice consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
2162
Global rice exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
1506
Global rice imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
1552
In 2015, the countries with the highest levels of rice production were China (X thousand tons), India (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1340
India, despite a slight drop in exports in 2014, continued its dominance in the global rice trade. In 2014, India exported X thousand tons of rice totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arab
