Dominican Republic: Paddy Rice Market 2024

Paddy Rice Market Size in the Dominican Republic

After two years of growth, the Dominican paddy rice market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Paddy rice consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Paddy Rice Production in the Dominican Republic

In value terms, paddy rice production shrank to $X in 2022 estimated in export price. Overall, production, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Paddy rice production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of paddy rice in the Dominican Republic declined to X tons per ha in 2022, remaining stable against the previous year's figure. 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 in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the average paddy rice 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 total area harvested in terms of paddy rice production in the Dominican Republic contracted modestly to X ha, reducing by X% compared with the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the paddy rice harvested area remained at a lower figure.

Paddy Rice Exports

Exports from the Dominican Republic

After two years of growth, shipments abroad of paddy rice decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, paddy rice exports reduced sharply to $X in 2022. Overall, exports showed a sharp setback. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for paddy rice exports from the Dominican Republic, accounting for a approx. X% share of total exports.

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

In value terms, Haiti ($X) emerged as the key foreign market for paddy rice exports from the Dominican Republic.

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

Export Prices by Country

In 2022, the average paddy rice export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to X% per year.

Paddy Rice Imports

Imports into the Dominican Republic

In 2022, paddy rice imports into the Dominican Republic amounted to X tons, leveling off at 2021 figures. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paddy rice imports totaled $X in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X,142% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest paddy rice supplier to the Dominican Republic, with a X% share of total imports. Moreover, paddy rice imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold.

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

In value terms, Spain ($X) constituted the largest supplier of paddy rice to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports.

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

Import Prices by Country

In 2022, the average paddy rice import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price saw a pronounced downturn. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 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 Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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