Price for Cereal Flours; Other than of Wheat or Meslin in the Dominican Republic - 2023
Contents:
- Price for Cereal Flours; Other than of Wheat or Meslin in the Dominican Republic (FOB) - 2023
- Price for Cereal Flours; Other than of Wheat or Meslin in the Dominican Republic (CIF) - 2023
- Exports of Cereal Flours; Other than of Wheat or Meslin in the Dominican Republic
- Imports of Cereal Flours; Other than of Wheat or Meslin in the Dominican Republic
Price for Cereal Flours; Other than of Wheat or Meslin in the Dominican Republic (FOB) - 2023
The average export price for cereal flours; other than of wheat or meslin stood at $613 per ton in March 2023, with a decrease of -4.7% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in August 2022 an increase of 11% month-to-month. Over the period under review, the average export prices attained the maximum at $658 per ton in December 2022; however, from January 2023 to March 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From March 2022 to March 2023, the rate of growth in terms of prices for Haiti amounted to +1.5% per month.
Price for Cereal Flours; Other than of Wheat or Meslin in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for cereal flours; other than of wheat or meslin amounted to $1,399 per ton, increasing by 11% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 28% month-to-month. As a result, import price reached the peak level of $1,636 per ton. From August 2022 to March 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,476 per ton), while the price for Chile stood at $791 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.3%).
Exports of Cereal Flours; Other than of Wheat or Meslin in the Dominican Republic
In 2022, the amount of cereal flours; other than of wheat or meslin exported from the Dominican Republic rose sharply to 22K tons, growing by 9.6% on 2021 figures. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 12%. As a result, the exports attained the peak of 24K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cereal flours; other than of wheat or meslin surged to $13M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Flours; Other than of Wheat or Meslin in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 8.9 | 9.7 | 9.4 | 13.0 | 13.5% |
| Others | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Total | 9.1 | 9.9 | 9.6 | 13.2 | 13.2% |
Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from the Dominican Republic in 2022:
- Haiti (22.2K tons)
Imports of Cereal Flours; Other than of Wheat or Meslin in the Dominican Republic
In 2022, approx. 2.8K tons of cereal flours; other than of wheat or meslin were imported into the Dominican Republic; picking up by 28% compared with the previous year. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, imports of cereal flours; other than of wheat or meslin surged to $3.8M in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flours; Other than of Wheat or Meslin in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.7 | 2.7 | 2.3 | 3.3 | 6.9% |
| Chile | N/A | 0.2 | 0.1 | 0.3 | 22.5% |
| Colombia | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Others | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Total | 3.0 | 3.2 | 2.5 | 3.8 | 8.2% |
Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to the Dominican Republic in 2022:
- United States (2269.2 tons)
- Chile (340.6 tons)
- Colombia (65.9 tons)
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This report provides an in-depth analysis of the cereal flour market in the Dominican Republic.
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