Dominican Republic: Grain Market 2024

Grain Market Size in the Dominican Republic

The Dominican grain market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, the total consumption indicated strong growth 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 reached the peak level and is likely to continue growth in the immediate term.

Grain Production in the Dominican Republic

In value terms, grain production fell to $X in 2022 estimated in export price. In general, production, however, showed a buoyant expansion. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Grain production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of grain in the Dominican Republic fell to X tons per ha in 2022, almost unchanged from 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2014 when the yield increased by X%. The grain yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the grain harvested area in the Dominican Republic declined slightly to X ha, reducing by X% compared with 2021. 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 observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to grain production reached the peak figure at X ha in 2021, and then reduced modestly in the following year.

Grain Exports

Exports from the Dominican Republic

In 2022, shipments abroad of grain increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, grain exports skyrocketed to $X in 2022. Overall, exports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for grain exports from the Dominican Republic, with 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 growth rate of volume to Haiti totaled X%.

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

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

Export Prices by Country

The average grain export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price attained 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 overseas 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%).

Grain Imports

Imports into the Dominican Republic

In 2022, purchases abroad of grain increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a prominent expansion. The pace of growth was the most pronounced 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.

In value terms, grain imports soared to $X in 2022. Overall, imports saw a pronounced expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of grain to the Dominican Republic, accounting for a X% share of total imports. Moreover, grain imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at 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 grain suppliers to the Dominican Republic were the United States ($X), Brazil ($X) and Canada ($X), with a combined X% share of total imports.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 grain import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2019 an increase of X%. The import price peaked 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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