Price for Flour and Meal; of Potatoes in the Dominican Republic - 2023

Contents:

1. Price for Flour and Meal; of Potatoes in the Dominican Republic (CIF) - 2022
2. Price for Flour and Meal; of Potatoes in the Dominican Republic (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in the Dominican Republic
4. Exports of Flour and Meal; of Potatoes in the Dominican Republic

Price for Flour and Meal; of Potatoes in the Dominican Republic (CIF) - 2022

In 2022, the average import price for flour and meal; of potatoeses amounted to $1,930 per ton, growing by 5.7% against the previous year. Over the period under review, the import price saw a moderate expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 57%. Over the period under review, average import prices attained the maximum at $2,607 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($3,135 per ton), while the price for Italy ($832 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of Potatoes in the Dominican Republic (FOB) - 2022

In 2022, the average export price for flour and meal; of potatoeses amounted to $1,097 per ton, standing approx. at the previous year. Overall, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 a decrease of -0.8%. Over the period under review, the average export prices reached the maximum at $3,461 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Haiti amounted to -30.4% per year.

Imports of Flour and Meal; of Potatoes in the Dominican Republic

After three years of growth, overseas purchases of flour and meal; of potatoeses decreased by -12.3% to 34 tons in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 462%. As a result, imports attained the peak of 39 tons, and then reduced in the following year.

In value terms, flour and meal; of potatoes imports contracted to $65K in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 625% against the previous year.

Top Suppliers of Flour and Meal; of Potatoes to the Dominican Republic in 2022:

1. Netherlands (18.0 tons)
2. Italy (6.0 tons)
3. United States (5.4 tons)
4. Canada (2.9 tons)
5. China (0.8 tons)
6. Spain (0.8 tons)

Exports of Flour and Meal; of Potatoes in the Dominican Republic

Flour and meal; of potatoes exports from the Dominican Republic expanded notably to 62 kg in 2022, with an increase of 13% on the previous year. Overall, exports posted a pronounced expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flour and meal; of potatoes exports rose remarkably to $68 in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment.

Top Export Markets for Flour and Meal; of Potatoes from the Dominican Republic in 2022:

1. Canada (62.0 kg)

Source: IndexBox Market Intelligence Platform