Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in the Dominican Republic - 2023

Contents:

  1. Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in the Dominican Republic (CIF) - 2022
  2. Imports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in the Dominican Republic

Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in the Dominican Republic (CIF) - 2022

In 2022, the average import price for seed; sugar beet seed, of a kind used for sowing amounted to $55,233 per ton, dropping by -5.3% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for seed; sugar beet seed, of a kind used for sowing increased by +7.8% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by 30% against the previous year. Over the period under review, average import prices attained the peak figure at $61,809 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($72,525 per ton), while the price for the United States ($35,938 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in the Dominican Republic

In 2022, purchases abroad of seed; sugar beet seed, of a kind used for sowing decreased by -4.4% to 2.9 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year. As a result, imports reached the peak of 4 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of seed; sugar beet seed, of a kind used for sowing fell to $158K in 2022. In general, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of 19%. As a result, imports attained the peak of $215K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Seed; Sugar Beet Seed, of A Kind Used for Sowing in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France61.915010255.3-3.7%
New Zealand33.434.129.051.715.7%
United States25.610.512.625.3-0.4%
AustraliaN/A1.7N/A14.4191.0%
South AfricaN/AN/AN/A11.30%
Netherlands20.78.513.9N/A-18.1%
Italy1.82.82.2N/A10.6%
Israel17.86.814.5N/A-9.7%
Others19.4N/AN/AN/A0%
Total181215175158-4.4%

Top Suppliers of Seed; Sugar Beet Seed, of A Kind Used for Sowing to the Dominican Republic in 2022:

  1. France (884.0 kg)
  2. New Zealand (873.0 kg)
  3. United States (704.0 kg)
  4. South Africa (201.0 kg)
  5. Australia (198.0 kg)

Source: IndexBox Market Intelligence Platform

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