Dominican Republic: Maize Market 2024

Maize Market Size in the Dominican Republic

In 2022, the Dominican maize market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption enjoyed a remarkable increase. Maize consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Maize Production in the Dominican Republic

In value terms, maize production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Maize production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The average yield of maize in the Dominican Republic dropped to X tons per ha in 2022, remaining relatively unchanged against the year before. 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 most prominent rate of growth was recorded in 2016 when the yield increased by X%. Over the period under review, the average maize yield attained the maximum level at X tons per ha in 2021, and then declined slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of maize were harvested in the Dominican Republic; falling by X% compared with 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to maize production attained the maximum at X ha in 2021, and then contracted in the following year.

Maize Exports

Exports from the Dominican Republic

In 2022, the amount of maize exported from the Dominican Republic plummeted to X tons, which is down by X% on the previous year's figure. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, maize exports soared to $X in 2022. Overall, exports showed a abrupt downturn. The growth pace was the most rapid 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 remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for maize exports from the Dominican Republic, with a X% share of total exports. Moreover, maize exports to Haiti exceeded the volume sent to the second major destination, Aruba (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (X% per year) and the United States (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Haiti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average maize export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price continues to indicate a resilient expansion. The growth pace was the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Haiti ($X per ton), while the average price for exports to Aruba ($X 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 Haiti (X%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Imports

Imports into the Dominican Republic

In 2022, purchases abroad of maize increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, maize imports expanded remarkably to $X in 2022. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of maize to the Dominican Republic, accounting for a X% share of total imports. Moreover, maize imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold.

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

In value terms, Brazil ($X), the United States ($X) and Argentina ($X) appeared to be the largest maize suppliers to the Dominican Republic, with a combined X% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of X%, saw 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 maize import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 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 mixed trend patterns.

Source: IndexBox Platform

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