Price for Cereals; Millet, Other than Seed in the Dominican Republic - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in the Dominican Republic (CIF) - 2022
- Imports of Cereals; Millet, Other than Seed in the Dominican Republic
Price for Cereals; Millet, Other than Seed in the Dominican Republic (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $710 per ton in 2022, falling by -20.4% against the previous year. In general, import price indicated a moderate 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, cereals; millet, other than seed import price increased by +54.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 40% against the previous year. As a result, import price attained the peak level of $892 per ton, and then reduced dramatically in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($776 per ton), while the price for Canada stood at $647 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Cereals; Millet, Other than Seed in the Dominican Republic
In 2022, approx. 173 tons of cereals; millet, other than seeds were imported into the Dominican Republic; growing by 109% on 2021 figures. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 668% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, cereals; millet, other than seed imports surged to $123K in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 728%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cereals; Millet, Other than Seed in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.9 | 12.4 | 24.4 | 66.1 | 123.8% |
| Canada | 5.9 | 54.9 | 45.9 | 56.9 | 112.9% |
| Argentina | N/A | 29.7 | N/A | N/A | 0% |
| Ukraine | N/A | N/A | 3.1 | N/A | 0% |
| Others | 0.1 | 0.9 | 0.6 | N/A | 144.9% |
| Total | 11.8 | 97.9 | 73.9 | 123 | 118.4% |
Top Suppliers of Cereals; Millet, Other than Seed to the Dominican Republic in 2022:
- Canada (88.0 tons)
- United States (85.1 tons)
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