Price for Cereal Groats; Meal and Pellets in the Dominican Republic - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in the Dominican Republic (FOB) - 2023
- Price for Cereal Groats; Meal and Pellets in the Dominican Republic (CIF) - 2023
- Exports of Cereal Groats; Meal and Pellets in the Dominican Republic
- Imports of Cereal Groats; Meal and Pellets in the Dominican Republic
Price for Cereal Groats; Meal and Pellets in the Dominican Republic (FOB) - 2023
The average export price for cereal groats; meal and pelletses stood at $668 per ton in March 2023, picking up by 7.3% against the previous month. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $708 per ton in August 2022; however, from September 2022 to March 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In March 2023, the country with the highest price was Honduras ($723 per ton), while the average price for exports to Haiti ($631 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Groats; Meal and Pellets in the Dominican Republic (CIF) - 2023
The average import price for cereal groats; meal and pelletses stood at $1,075 per ton in March 2023, surging by 4.5% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 17% m-o-m. As a result, import price reached the peak level of $1,218 per ton. From September 2022 to March 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($2,271 per ton), while the price for Mexico ($810 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereal Groats; Meal and Pellets in the Dominican Republic
In 2022, overseas shipments of cereal groats; meal and pelletses were finally on the rise to reach 21K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt contraction.
In value terms, cereal groats; meal and pellets exports expanded markedly to $9.8M in 2022. Overall, exports, however, continue to indicate a noticeable shrinkage.
| Export of Cereal Groats; Meal and Pellets in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 7.7 | 6.3 | 4.1 | 5.2 | -12.3% |
| Guatemala | 1.4 | 1.9 | 3.1 | 2.7 | 24.5% |
| Honduras | 1.3 | 1.9 | 1.9 | 1.7 | 9.4% |
| El Salvador | 0.2 | 0.2 | N/A | 0.1 | -20.6% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 10.6 | 10.3 | 9.2 | 9.8 | -2.6% |
Top Export Markets for Cereal Groats; Meal and Pellets from the Dominican Republic in 2022:
- Haiti (11.8K tons)
- Guatemala (5.6K tons)
- Honduras (3.1K tons)
- El Salvador (0.3K tons)
Imports of Cereal Groats; Meal and Pellets in the Dominican Republic
In 2022, purchases abroad of cereal groats; meal and pelletses increased by 4.2% to 1.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a perceptible setback.
In value terms, cereal groats; meal and pellets imports reduced modestly to $803K in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 4.5% against the previous year. As a result, imports reached the peak of $820K, and then declined modestly in the following year.
| Import of Cereal Groats; Meal and Pellets in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 264 | 329 | 407 | 376 | 12.5% |
| Spain | 347 | 281 | 269 | 313 | -3.4% |
| Mexico | 77.1 | 65.7 | 24.8 | 60.0 | -8.0% |
| Italy | 28.2 | 18.3 | 30.8 | 28.5 | 0.4% |
| Canada | 31.3 | 13.5 | 5.5 | 19.0 | -15.3% |
| Turkey | N/A | 63.7 | 53.9 | N/A | -15.4% |
| Others | 9.5 | 13.8 | 29.3 | 6.0 | -14.2% |
| Total | 757 | 785 | 820 | 803 | 2.0% |
Top Suppliers of Cereal Groats; Meal and Pellets to the Dominican Republic in 2022:
- United States (520.8 tons)
- Spain (433.2 tons)
- Mexico (131.3 tons)
- Canada (52.1 tons)
- Italy (34.1 tons)
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