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

Contents:

  1. Price for Seed; Vegetable Seed, of A Kind Used for Sowing in the Dominican Republic (CIF) - 2022
  2. Price for Seed; Vegetable Seed, of A Kind Used for Sowing in the Dominican Republic (FOB) - 2022
  3. Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in the Dominican Republic
  4. Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in the Dominican Republic

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

The average import price for seed; vegetable seed, of a kind used for sowings stood at $68,553 per ton in 2022, growing by 233% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $93,095 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($509,143 per ton), while the price for the United States ($14,841 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seed; Vegetable Seed, of A Kind Used for Sowing in the Dominican Republic (FOB) - 2022

The average export price for seed; vegetable seed, of a kind used for sowings stood at $786 per ton in 2022, declining by -88.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 579%. The export price peaked at $10,415 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($1,333 per ton), while the average price for exports to Aruba ($158 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of seed; vegetable seed, of a kind used for sowings decreased by -66.6% to 208 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 429% against the previous year. As a result, imports reached the peak of 622 tons, and then fell sharply in the following year.

In value terms, imports of seed; vegetable seed, of a kind used for sowings expanded significantly to $14M in 2022. The total import value increased at an average annual rate of +13.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

Import of Seed; Vegetable Seed, of A Kind Used for Sowing in the Dominican Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.92.32.42.813.8%
IndiaN/A0.30.82.0158.2%
United States2.11.12.12.0-1.6%
Israel1.31.81.51.811.5%
South Africa0.71.40.50.70.0%
Brazil0.20.60.40.426.0%
Netherlands1.10.20.30.3-35.2%
EthiopiaN/AN/A0.3N/A0%
Others2.63.24.54.217.3%
Total9.710.912.814.213.5%

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

  1. United States (134.4 tons)
  2. South Africa (22.8 tons)
  3. Israel (13.3 tons)
  4. Netherlands (6.7 tons)
  5. China (5.5 tons)
  6. India (4.1 tons)
  7. Brazil (3.9 tons)

Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in the Dominican Republic

In 2022, exports of seed; vegetable seed, of a kind used for sowings from the Dominican Republic skyrocketed to 1.3K tons, rising by 7,177% on the previous year. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of seed; vegetable seed, of a kind used for sowings soared to $1.1M in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Seed; Vegetable Seed, of A Kind Used for Sowing in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States7.71.05.6660340.9%
Canada0.2N/AN/A186876.1%
Italy11695.7120112-1.2%
ArubaN/AN/AN/A67.50%
France21.9N/A0.3N/A-88.3%
Others3.024.21.128.6112.0%
Total1491211271,05391.9%

Top Export Markets for Seed; Vegetable Seed, of A Kind Used for Sowing from the Dominican Republic in 2022:

  1. United States (741.5 tons)
  2. Aruba (426.3 tons)
  3. Canada (139.2 tons)
  4. Italy (14.8 tons)

Source: IndexBox Market Intelligence Platform

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