Dominican Republic: Paddy Rice Market 2024

Paddy Rice Market Size in the Dominican Republic

The Dominican paddy rice market amounted to $X in 2023, remaining stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Paddy Rice Production in the Dominican Republic

In value terms, paddy rice production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

The average yield of paddy rice in the Dominican Republic reached X tons per ha in 2023, remaining constant against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when the yield increased by X%. Over the period under review, the average paddy rice yield reached the peak level at X tons per ha in 2015; however, from 2016 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The paddy rice harvested area in the Dominican Republic stood at X ha in 2023, remaining stable against the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2019 to 2023, the growth of the paddy rice harvested area failed to regain momentum.

Paddy Rice Exports

Exports from the Dominican Republic

In 2023, approx. X tons of paddy rice were exported from the Dominican Republic; growing by X% compared with the previous year. Overall, exports, however, faced a deep setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, paddy rice exports totaled $X in 2023. Over the period under review, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for paddy rice exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, paddy rice exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), tenfold.

From 2012 to 2023, the average annual growth rate of volume to Haiti amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Costa Rica (X% per year).

In value terms, Haiti ($X) emerged as the key foreign market for paddy rice exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Haiti stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average paddy rice export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price recorded a slight reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced a decline.

Paddy Rice Imports

Imports into the Dominican Republic

After two years of decline, overseas purchases of paddy rice decreased by X% to X tons in 2023. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, paddy rice imports dropped dramatically to $X in 2023. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X,142% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Spain (X kg), Canada (X kg) and Germany (X kg) were the main suppliers of paddy rice imports to the Dominican Republic, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of paddy rice to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average paddy rice import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform