Dominican Republic: Grain Market 2024

Grain Market Size in the Dominican Republic

The Dominican grain market reached $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Grain consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Grain Production in the Dominican Republic

In value terms, grain production shrank to $X in 2022 estimated in export price. Overall, production, however, saw prominent growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of cereal grains in the Dominican Republic reduced modestly to X tons per ha in 2022, therefore, remained relatively stable against 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the yield increased by X%. Over the period under review, the average grain yield hit record highs at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cereal grains in the Dominican Republic fell to X ha, with a decrease of X% on the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to grain production attained the peak figure at X ha in 2021, and then shrank slightly in the following year.

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Grain Exports

Exports from the Dominican Republic

In 2022, after two years of decline, there was significant growth in overseas shipments of cereal grains, when their volume increased by X% to X tons. Over the period under review, exports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, grain exports soared to $X in 2022. Overall, exports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for grain exports from the Dominican Republic, with a X% share of total exports. It was followed by Aruba (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled X%.

In value terms, Haiti ($X) remains the key foreign market for cereal grains exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Aruba ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti totaled X%.

Export Prices by Country

The average grain export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (X%).

Grain Imports

Imports into the Dominican Republic

In 2022, the amount of cereal grains imported into the Dominican Republic skyrocketed to X tons, jumping by X% on the year before. Overall, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, grain imports soared to $X in 2022. In general, imports recorded a pronounced increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of grain to the Dominican Republic, accounting for a X% share of total imports. Moreover, grain imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Canada (X% per year).

In value terms, the United States ($X), Brazil ($X) and Canada ($X) appeared to be the largest grain suppliers to the Dominican Republic, together comprising X% of total imports.

Among the main suppliers, Canada, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average grain import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price saw a deep setback. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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