Price for Cereal Groats and Meal; of Maize (Corn) in the Dominican Republic - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in the Dominican Republic (FOB) - 2023
- Price for Cereal Groats and Meal; of Maize (Corn) in the Dominican Republic (CIF) - 2022
- Exports of Cereal Groats and Meal; of Maize (Corn) in the Dominican Republic
- Imports of Cereal Groats and Meal; of Maize (Corn) in the Dominican Republic
Price for Cereal Groats and Meal; of Maize (Corn) in the Dominican Republic (FOB) - 2023
In March 2023, the average export price for cereal groats and meal; of maize (corn)s amounted to $655 per ton, with an increase of 7% against the previous month. In general, the export price saw a relatively flat trend pattern. The export price peaked at $692 per ton in September 2022; however, from October 2022 to March 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In March 2023, the country with the highest price was Honduras ($723 per ton), while the average price for exports to Haiti ($631 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in the Dominican Republic (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $2,562 per ton, growing by 259% against the previous year. Overall, the import price enjoyed a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($3,346 per ton), while the price for Mexico ($717 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 (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Groats and Meal; of Maize (Corn) in the Dominican Republic
In 2022, after two years of decline, there was significant growth in shipments abroad of cereal groats and meal; of maize (corn)s, when their volume increased by 7.7% to 19K tons. In general, exports, however, showed a deep reduction.
In value terms, exports of cereal groats and meal; of maize (corn)s skyrocketed to $12M in 2022. The total export value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Maize (Corn) in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 7.7 | 6.3 | 4.1 | 5.6 | -10.1% |
| Guatemala | 1.4 | 1.9 | 3.1 | 3.8 | 39.5% |
| Honduras | 1.3 | 1.9 | 1.9 | 2.9 | 30.7% |
| Others | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Total | 10.6 | 10.3 | 9.1 | 12.3 | 5.1% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from the Dominican Republic in 2022:
- Haiti (8.7K tons)
- Guatemala (6.0K tons)
- Honduras (4.2K tons)
Imports of Cereal Groats and Meal; of Maize (Corn) in the Dominican Republic
In 2022, overseas purchases of cereal groats and meal; of maize (corn)s decreased by -89% to 9.5 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 when imports increased by 707%. As a result, imports attained the peak of 106 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cereal groats and meal; of maize (corn)s shrank rapidly to $24K in 2022. In general, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 265% against the previous year. As a result, imports attained the peak of $75K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Cereal Groats and Meal; of Maize (Corn) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 20.0 | 11.1 | 7.1 | 22.0 | 3.2% |
| Mexico | N/A | N/A | N/A | 2.0 | 0% |
| Turkey | N/A | 63.7 | 53.9 | N/A | -15.4% |
| Others | 0.5 | N/A | 0.7 | 0.3 | -15.7% |
| Total | 20.5 | 74.8 | 61.7 | 24.3 | 5.8% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to the Dominican Republic in 2022:
- Italy (6.6 tons)
- Mexico (2.8 tons)
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