Dominican Republic: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in the Dominican Republic

The Dominican wheat and meslin flour market declined to $X in 2022, which is down by -6.8% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Wheat and Meslin Flour in the Dominican Republic

In value terms, wheat and meslin flour production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of 42%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Wheat and Meslin Flour

Exports from the Dominican Republic

In 2022, the amount of wheat and meslin flour exported from the Dominican Republic soared to X tons, with an increase of 25% against 2021. Overall, exports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 199%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wheat and meslin flour exports surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 125% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for wheat and meslin flour exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled -2.0%.

In value terms, Haiti ($X) also remains the key foreign market for wheat and meslin flour exports from the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value to Haiti stood at +1.0%.

Export Prices by Country

In 2022, the average wheat and meslin flour export price amounted to $X per ton, surging by 34% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour export price increased by +15.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +3.1% per year.

Imports of Wheat and Meslin Flour

Imports into the Dominican Republic

In 2022, supplies from abroad of wheat and meslin flour decreased by -65.9% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 46%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, wheat and meslin flour imports dropped markedly to $X in 2022. Over the period under review, imports recorded a perceptible shrinkage. The growth pace was the most rapid in 2020 with an increase of 45%. Imports peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of wheat and meslin flour to the Dominican Republic, with a 74% share of total imports. Moreover, wheat and meslin flour imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Turkey (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+90.7% per year) and Turkey (-18.9% per year).

In value terms, the United States ($X) constituted the largest supplier of wheat and meslin flour to the Dominican Republic, comprising 76% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Turkey, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+99.4% per year) and Turkey (-16.4% per year).

Import Prices by Country

In 2022, the average wheat and meslin flour import price amounted to $X per ton, picking up by 45% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour import price increased by +95.6% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Spain ($X per ton), while the price for Turkey ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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