Dominican Republic: Bread And Bakery Market 2024

Bread And Bakery Market Size in the Dominican Republic

The Dominican bread and bakery market stood at $X in 2022, remaining relatively unchanged against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Bread and bakery consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Bread And Bakery Production in the Dominican Republic

In value terms, bread and bakery production totaled $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Bread and bakery production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Bread And Bakery Exports

Exports from the Dominican Republic

In 2022, shipments abroad of bread and bakery increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, bread and bakery exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for bread and bakery exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, bread and bakery exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Guyana (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 Guyana (X% per year).

In value terms, Haiti ($X), the United States ($X) and Trinidad and Tobago ($X) constituted the largest markets for bread and bakery exported from the Dominican Republic worldwide, with a combined X% share of total exports.

Trinidad and Tobago, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cuba ($X 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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into the Dominican Republic

For the third year in a row, the Dominican Republic recorded growth in supplies from abroad of bread and bakery, which increased by X% to X tons in 2022. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, bread and bakery imports skyrocketed to $X in 2022. In general, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Guatemala (X tons), Peru (X tons) and the United States (X tons) were the main suppliers of bread and bakery imports to the Dominican Republic, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bread and bakery suppliers to the Dominican Republic were the United States ($X), Guatemala ($X) and Peru ($X), with a combined X% share of total imports.

Among the main suppliers, Peru, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bread and bakery import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a slight descent. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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