Price for Cereals; Maize (Corn), Seed in the Dominican Republic - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in the Dominican Republic (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in the Dominican Republic (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in the Dominican Republic
- Exports of Cereals; Maize (Corn), Seed in the Dominican Republic
Price for Cereals; Maize (Corn), Seed in the Dominican Republic (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $6,201 per ton, flattening at the previous year. Over the period under review, the import price, however, saw a buoyant expansion. The growth pace was the most rapid in 2016 an increase of 43%. Over the period under review, average import prices hit record highs at $6,252 per ton in 2021, and then shrank slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($13,756 per ton), while the price for Brazil ($4,856 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in the Dominican Republic (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $3,283 per ton, which is down by -7.1% against the previous year. In general, the export price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2020 an increase of 54%. Over the period under review, the average export prices reached the maximum at $3,534 per ton in 2021, and then reduced in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.1% per year.
Imports of Cereals; Maize (Corn), Seed in the Dominican Republic
Cereals; maize (corn), seed imports into the Dominican Republic contracted rapidly to 203 tons in 2022, with a decrease of -44.1% against the year before. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 657% against the previous year. As a result, imports attained the peak of 363 tons, and then dropped sharply in the following year.
In value terms, cereals; maize (corn), seed imports shrank significantly to $1.3M in 2022. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 824%. As a result, imports reached the peak of $2.3M, and then declined dramatically in the following year.
| Import of Cereals; Maize (Corn), Seed in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 200 | 35.4 | 1,163 | 684 | 50.7% |
| United States | 323 | 157 | 648 | 331 | 0.8% |
| Chile | 34.8 | 36.8 | 171 | 98.3 | 41.4% |
| Thailand | 91.6 | 9.4 | 79.1 | 80.0 | -4.4% |
| Others | 10.5 | 7.6 | 209 | 64.9 | 83.5% |
| Total | 660 | 246 | 2,270 | 1,258 | 24.0% |
Top Suppliers of Cereals; Maize (Corn), Seed to the Dominican Republic in 2022:
- Brazil (140.8 tons)
- United States (41.3 tons)
- Thailand (8.9 tons)
- Chile (7.1 tons)
Exports of Cereals; Maize (Corn), Seed in the Dominican Republic
Cereals; maize (corn), seed exports from the Dominican Republic shrank markedly to 3.3 tons in 2022, which is down by -17.9% against the previous year. In general, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 55%.
In value terms, cereals; maize (corn), seed exports contracted sharply to $11K in 2022. Over the period under review, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year.
| Export of Cereals; Maize (Corn), Seed in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 52.2 | 7.4 | 10.8 | 11.0 | -40.5% |
| Aruba | N/A | N/A | 3.5 | N/A | 0% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 52.3 | 7.6 | 14.4 | 11.0 | -40.5% |
Top Export Markets for Cereals; Maize (Corn), Seed from the Dominican Republic in 2022:
- United States (3.3 tons)
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