Dominican Republic: Cereal Market 2024

Cereal Market Size in the Dominican Republic

The Dominican cereal market skyrocketed to $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cereal Production in the Dominican Republic

In value terms, cereal production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed strong growth. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of cereals in the Dominican Republic shrank modestly to X tons per ha in 2022, approximately reflecting the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 when the yield increased by X%. The cereal yield peaked 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 cereals in the Dominican Republic shrank slightly to X ha, waning by X% against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the harvested area increased by X%. The cereal harvested area peaked at X ha in 2021, and then fell slightly in the following year.

Cereal Exports

Exports from the Dominican Republic

In 2022, after two years of decline, there was significant growth in overseas shipments of cereals, when their volume increased by X% to X tons. Over the period under review, exports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 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 remained at a lower figure.

In value terms, cereal exports skyrocketed to $X in 2022. Overall, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded 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 cereal exports from the Dominican Republic, accounting for 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 amounted to X%.

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

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

Export Prices by Country

In 2022, the average cereal export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign 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 totaled $X per ton.

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

Cereal Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of cereals increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, cereal imports soared to $X in 2022. In general, imports posted notable growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached 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 cereal supplier to the Dominican Republic, with a X% share of total imports. Moreover, cereal imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to 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 largest cereal suppliers to the Dominican Republic were the United States ($X), Brazil ($X) and Canada ($X), with a combined X% share 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

The average cereal import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs 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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