Starches; Inulin Price in the Dominican Republic - 2023
Contents:
- Starches; Inulin Price in the Dominican Republic (CIF) - 2023
- Starches; Inulin Price in the Dominican Republic (FOB) - 2022
- Starches; Inulin Imports in the Dominican Republic
- Starches; Inulin Exports in the Dominican Republic
Starches; Inulin Price in the Dominican Republic (CIF) - 2023
In March 2023, the average starches; inulin import price amounted to $974 per ton, remaining stable against the previous month. Over the period under review, import price indicated a mild expansion from March 2022 to March 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, starches; inulin import price decreased by -28.4% against December 2022 indices. The most prominent rate of growth was recorded in December 2022 an increase of 37% month-to-month. As a result, import price attained the peak level of $1,361 per ton. From January 2023 to March 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($1,365 per ton), while the price for Paraguay ($759 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Argentina (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in the Dominican Republic (FOB) - 2022
The average starches; inulin export price stood at $1,084 per ton in 2022, picking up by 72% against the previous year. In general, the export price, however, recorded a slight setback. Over the period under review, the average export prices attained the maximum at $2,092 per ton in 2016; however, from 2017 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 Panama ($1,249 per ton), while the average price for exports to France ($461 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+83.7%), while the prices for the other major destinations experienced a decline.
Starches; Inulin Imports in the Dominican Republic
For the fourth year in a row, the Dominican Republic recorded growth in overseas purchases of starches; inulins, which increased by 11% to 21K tons in 2022. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin imports surged to $18M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 2.3 | 2.9 | 3.0 | 4.2 | 22.2% |
| United States | 2.7 | 2.0 | 1.9 | 2.4 | -3.9% |
| Mexico | 0.4 | 0.3 | 1.2 | 2.2 | 76.5% |
| Argentina | 1.7 | 1.9 | 1.5 | 2.1 | 7.3% |
| Paraguay | 0.2 | 0.2 | 0.5 | 1.6 | 100.0% |
| Netherlands | 0.4 | 0.6 | 1.1 | 1.3 | 48.1% |
| Turkey | 0.2 | 0.2 | 0.3 | 1.2 | 81.7% |
| Others | 1.6 | 1.2 | 2.0 | 2.8 | 20.5% |
| Total | 9.4 | 9.3 | 11.4 | 17.9 | 23.9% |
Top Suppliers of Starches; Inulin to the Dominican Republic in 2022:
- Brazil (6.1K tons)
- Argentina (3.9K tons)
- Mexico (2.4K tons)
- Netherlands (1.6K tons)
- United States (1.6K tons)
- Paraguay (1.6K tons)
- Turkey (1.3K tons)
Starches; Inulin Exports in the Dominican Republic
In 2022, overseas shipments of starches; inulins decreased by -59.9% to 512 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 214%.
In value terms, starches; inulin exports shrank remarkably to $555K in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 203%.
| Export of Starches; Inulin in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 172 | 508 | 764 | 465 | 39.3% |
| Jamaica | 0.1 | 0.1 | 14.3 | 35.0 | 604.7% |
| Panama | N/A | N/A | 0.7 | 23.1 | 3200.0% |
| France | 0.3 | 5.3 | 2.5 | 6.1 | 172.9% |
| Others | 13.9 | 52.5 | 22.6 | 25.6 | 22.6% |
| Total | 187 | 566 | 804 | 555 | 43.7% |
Top Export Markets for Starches; Inulin from the Dominican Republic in 2022:
- Haiti (437.9 tons)
- Jamaica (30.0 tons)
- Panama (18.5 tons)
- France (13.3 tons)
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