Price for Soya Beans; Other than Seed, Whether or Not Broken in the Dominican Republic - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in the Dominican Republic (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in the Dominican Republic (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in the Dominican Republic
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in the Dominican Republic
Price for Soya Beans; Other than Seed, Whether or Not Broken in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $628 per ton, with a decrease of -1.6% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 165% month-to-month. As a result, import price attained the peak level of $1,617 per ton. From February 2023 to March 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From March 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to -0.8% per month.
Price for Soya Beans; Other than Seed, Whether or Not Broken in the Dominican Republic (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $1,364 per ton, rising by 66% against the previous year. Overall, the export price, however, recorded a precipitous decline. The pace of growth appeared the most rapid in 2020 an increase of 120%. Over the period under review, the average export prices attained the peak figure at $51,457 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($13,500 per ton), while the average price for exports to Turks and Caicos Islands totaled $1,168 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in the Dominican Republic
Imports of soya beans; other than seed, whether or not brokens into the Dominican Republic shrank to 34K tons in 2022, stabilizing at the previous year. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 15%.
In value terms, imports of soya beans; other than seed, whether or not brokens skyrocketed to $23M in 2022. In general, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +3.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.6 | 11.8 | 19.1 | 22.7 | 8.9% |
| Brazil | 3.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 20.8 | 11.8 | 19.1 | 22.7 | 3.0% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to the Dominican Republic in 2022:
- United States (34.5K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in the Dominican Republic
After three years of growth, shipments abroad of soya beans; other than seed, whether or not brokens decreased by -99.5% to 376 kg in 2022. Overall, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 804% against the previous year.
In value terms, exports of soya beans; other than seed, whether or not brokens contracted markedly to $513 in 2022. Over the period under review, exports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2020 when exports increased by 1,891%.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turks and Caicos Islands | N/A | N/A | N/A | 0.4 | 0% |
| United States | N/A | N/A | N/A | 0.1 | 0% |
| Haiti | 2.1 | 6.3 | N/A | N/A | 200.0% |
| Chile | N/A | 35.0 | 58.4 | N/A | 66.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.1 | 41.2 | 58.4 | 0.5 | -38.0% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from the Dominican Republic in 2022:
- Turks and Caicos Islands (370.0 kg)
- United States (6.0 kg)
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