Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Dominican Republic - 2023

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Dominican Republic (CIF) - 2023
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Dominican Republic (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Dominican Republic
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Dominican Republic

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Dominican Republic (CIF) - 2023

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $830 per ton in March 2023, remaining relatively unchanged against the previous month. Overall, the import price, however, recorded a abrupt setback. The pace of growth was the most pronounced in August 2022 when the average import price increased by 1,003% against the previous month. Over the period under review, average import prices attained the maximum at $15,338 per ton in September 2022; however, from October 2022 to March 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Chile.

From March 2022 to March 2023, the rate of growth in terms of prices for Chile amounted to +0.8% per month.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Dominican Republic (FOB) - 2022

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses amounted to $2,506 per ton, jumping by 67% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. Over the period under review, the average export prices attained the peak figure at $3,640 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guyana ($2,698 per ton), while the average price for exports to Haiti ($1,000 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+43.0%).

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Dominican Republic

Imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses into the Dominican Republic shrank markedly to 473 tons in 2022, which is down by -29% compared with 2021. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 19%.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses contracted to $493K in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of $532K, and then dropped in the following year.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats to the Dominican Republic in 2022:

1. Chile (323.5 tons)
2. United Kingdom (122.3 tons)
3. United States (18.7 tons)
4. Brazil (0.4 tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in the Dominican Republic

In 2022, shipments abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses decreased by -90.9% to 7.2 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 985% against the previous year.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses dropped notably to $18K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,428%.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats from the Dominican Republic in 2022:

1. Guyana (6.0 tons)
2. Haiti (0.8 tons)
3. Barbados (0.4 tons)

Source: IndexBox Market Intelligence Platform