Price for Cereal Groats and Meal; of Wheat in the Dominican Republic - 2023
Contents:
- Price for Cereal Groats and Meal; of Wheat in the Dominican Republic (CIF) - 2023
- Price for Cereal Groats and Meal; of Wheat in the Dominican Republic (FOB) - 2022
- Imports of Cereal Groats and Meal; of Wheat in the Dominican Republic
- Exports of Cereal Groats and Meal; of Wheat in the Dominican Republic
Price for Cereal Groats and Meal; of Wheat in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for cereal groats and meal; of wheats amounted to $1,056 per ton, growing by 5.8% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in May 2022 an increase of 19% against the previous month. As a result, import price reached the peak level of $1,188 per ton. From June 2022 to March 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,600 per ton), while the price for Mexico ($810 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 Mexico (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Groats and Meal; of Wheat in the Dominican Republic (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of wheats amounted to $972 per ton, surging by 8.5% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. The growth pace was the most rapid in 2020 when the average export price increased by 35% against the previous year. The export price peaked at $1,148 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 Spain ($2,039 per ton), while the average price for exports to Haiti amounted to $911 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+0.6%).
Imports of Cereal Groats and Meal; of Wheat in the Dominican Republic
For the third consecutive year, the Dominican Republic recorded decline in supplies from abroad of cereal groats and meal; of wheats, which decreased by -1.2% to 1K tons in 2022. Overall, imports faced a abrupt decline.
In value terms, imports of cereal groats and meal; of wheats soared to $1.1M in 2022. In general, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Wheat in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 360 | 292 | 394 | 670 | 23.0% |
| Spain | 474 | 250 | 261 | 253 | -18.9% |
| Mexico | 102 | 58.5 | 24.0 | 56.2 | -18.0% |
| Italy | 14.9 | 5.3 | 23.0 | 34.5 | 32.3% |
| Canada | 42.7 | 12.0 | 5.3 | 19.9 | -22.5% |
| Netherlands | 4.0 | 11.0 | 13.4 | 13.3 | 49.3% |
| Guatemala | 12.7 | 10.7 | 10.8 | 9.8 | -8.3% |
| Turkey | N/A | 51.9 | 13.6 | N/A | -73.8% |
| Others | 15.4 | 15.3 | 11.6 | 6.4 | -25.4% |
| Total | 1,026 | 707 | 756 | 1,063 | 1.2% |
Top Suppliers of Cereal Groats and Meal; of Wheat to the Dominican Republic in 2022:
- United States (671.2 tons)
- Spain (175.0 tons)
- Mexico (74.3 tons)
- Italy (29.0 tons)
- Canada (22.4 tons)
- Guatemala (21.6 tons)
- Netherlands (18.6 tons)
Exports of Cereal Groats and Meal; of Wheat in the Dominican Republic
Exports of cereal groats and meal; of wheats from the Dominican Republic soared to 29 tons in 2022, picking up by 1,735% on 2021 figures. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 13,050%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cereal groats and meal; of wheats surged to $28K in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 11,683% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Wheat in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 0.5 | N/A | 1.0 | 25.0 | 268.4% |
| Spain | 1.4 | N/A | 0.4 | 2.3 | 18.0% |
| Others | N/A | N/A | N/A | 0.9 | 0% |
| Total | 1.9 | N/A | 1.4 | 28.2 | 145.8% |
Top Export Markets for Cereal Groats and Meal; of Wheat from the Dominican Republic in 2022:
- Haiti (27.4 tons)
- Spain (1.1 tons)
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