Price for Flours and Meals; of Soya Beans in the Dominican Republic - 2023

Contents:

1. Price for Flours and Meals; of Soya Beans in the Dominican Republic (CIF) - 2023
2. Price for Flours and Meals; of Soya Beans in the Dominican Republic (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in the Dominican Republic
4. Exports of Flours and Meals; of Soya Beans in the Dominican Republic

Price for Flours and Meals; of Soya Beans in the Dominican Republic (CIF) - 2023

The average import price for flours and meals; of soya beanses stood at $631 per ton in March 2023, with an increase of 2.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in February 2023 an increase of 13% m-o-m. The import price peaked in March 2023.

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

From March 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to +1.3% per month.

Price for Flours and Meals; of Soya Beans in the Dominican Republic (FOB) - 2022

In 2022, the average export price for flours and meals; of soya beanses amounted to $600 per ton, waning by -4.2% against the previous year. Overall, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices attained the peak figure at $989 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($608 per ton), while the average price for exports to Haiti stood at $501 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-4.5%).

Imports of Flours and Meals; of Soya Beans in the Dominican Republic

In 2022, the amount of flours and meals; of soya beanses imported into the Dominican Republic totaled 282K tons, approximately reflecting 2021. Overall, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 13%.

In value terms, imports of flours and meals; of soya beanses skyrocketed to $160M in 2022. In general, imports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 42%.

Top Suppliers of Flours and Meals; of Soya Beans to the Dominican Republic in 2022:

1. United States (273.9K tons)
2. Argentina (7.8K tons)

Exports of Flours and Meals; of Soya Beans in the Dominican Republic

Exports of flours and meals; of soya beanses from the Dominican Republic was estimated at 432 tons in 2022, increasing by 3.2% on 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 139% against the previous year. As a result, the exports attained the peak of 446 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of flours and meals; of soya beanses reduced modestly to $259K in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +63.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 61%.

Top Export Markets for Flours and Meals; of Soya Beans from the Dominican Republic in 2022:

1. United States (397.4 tons)
2. Haiti (35.1 tons)

Source: IndexBox Market Intelligence Platform