Dominican Republic: Wheat Market 2025

Wheat Market Size in the Dominican Republic

The Dominican wheat market surged to $X in 2022, increasing by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +84.5% against 2015 indices. Wheat consumption peaked in 2022 and is expected to retain growth in the near future.

Wheat Exports

Exports from the Dominican Republic

After two years of decline, overseas shipments of wheat increased by 844% to X tons in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 1,195%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, wheat exports surged to $X in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2013 when exports increased by 1,389% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for wheat exports from the Dominican Republic, accounting for a 99% share of total exports. It was followed by Spain (X tons), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti stood at +266.7%.

In value terms, Haiti ($X) remains the key foreign market for wheat exports from the Dominican Republic, comprising 99% of total exports. The second position in the ranking was held by Spain ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to +239.4%.

Export Prices by Country

In 2022, the average wheat export price amounted to $X per ton, reducing by -22.3% against the previous year. In general, the export price showed a perceptible downturn. The growth pace was the most rapid in 2020 when the average export price increased by 67% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Haiti amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.4%), while the prices for the other major destinations experienced a decline.

Wheat Imports

Imports into the Dominican Republic

In 2022, imports of wheat into the Dominican Republic amounted to X tons, surging by 2.5% on the year before. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 14%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, wheat imports soared to $X in 2022. In general, imports saw a pronounced increase. The pace of growth was the most pronounced in 2021 when imports increased by 51%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), Canada (X tons) and Argentina (X tons) were the main suppliers of wheat imports to the Dominican Republic, together accounting for 99.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +423.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wheat suppliers to the Dominican Republic were the United States ($X), Canada ($X) and Argentina ($X), together accounting for 99.9% of total imports.

In terms of the main suppliers, Argentina, with a CAGR of +536.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average wheat import price stood at $X per ton in 2022, with an increase of 39% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat import price increased by +80.8% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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