Report Update Nov 1, 2024

Dominican Republic - Cheese - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Cheese Market 2024

Cheese Market Size in the Dominican Republic

The Dominican cheese market soared to $X in 2021, jumping by 21% against the previous year. In general, consumption recorded a remarkable increase. Cheese consumption peaked in 2021 and is expected to retain growth in years to come.

Cheese Production in the Dominican Republic

In value terms, cheese production shrank to $X in 2021 estimated in export price. In general, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Cheese Exports

Exports from the Dominican Republic

In 2021, shipments abroad of cheese increased by 21% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 141% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cheese exports amounted to $X in 2021. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 165% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for cheese exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -10.2%.

In value terms, the United States ($X) also remains the key foreign market for cheese exports from the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -8.9%.

Export Prices by Country

The average cheese export price stood at $X per ton in 2021, waning by -8.3% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cheese export price increased by +79.2% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 95% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +1.5% per year.

Cheese Imports

Imports into the Dominican Republic

For the sixth consecutive year, the Dominican Republic recorded growth in overseas purchases of cheese, which increased by 35% to X tons in 2021. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 68% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, cheese imports soared to $X in 2021. Overall, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 when imports increased by 41% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of cheese imports to the Dominican Republic, with a combined 55% share of total imports. France, Poland, New Zealand, Spain, the UK, Belgium, Austria and Denmark lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +111.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest cheese suppliers to the Dominican Republic, together comprising 58% of total imports. Spain, France, New Zealand, Poland, the UK, Belgium, Denmark and Austria lagged somewhat behind, together comprising a further 20%.

Poland, with a CAGR of +93.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cheese import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price showed a slight decrease. The pace of growth was the most pronounced in 2014 when the average import price increased by 4.3%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, 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 Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cheese in the world?

The United States constituted the country with the largest volume of cheese consumption, accounting for 25% of total volume. Moreover, cheese consumption in the United States exceeded the figures recorded by the second-largest consumer, Germany, threefold. The third position in this ranking was occupied by France, with a 6% share.

What are the largest producers of cheese in the world?

The United States constituted the country with the largest volume of cheese production, comprising approx. 27% of total volume. Moreover, cheese production in the United States exceeded the figures recorded by the second-largest producer, Germany, threefold. France ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of cheese to the Dominican Republic?

In value terms, the United States, the Netherlands and Germany were the largest cheese suppliers to the Dominican Republic, with a combined 80% share of total imports.

What are the leading importers of cheese from the Dominican Republic?

In value terms, the United States remains the key foreign market for cheese exports from the Dominican Republic.

What is the average export price for cheese in the Dominican Republic?

In 2021, the average cheese export price amounted to $6,979 per ton, waning by -29.6% against the previous year.

What is the average import price for cheese in the Dominican Republic?

The average cheese import price stood at $4,878 per ton in 2021, falling by -5.6% against the previous year.

This report provides an in-depth analysis of the cheese market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 901 - Cheese from Whole Cow Milk
FCL 904 - Cheese from Skimmed Cow Milk
FCL 905 - Whey Cheese
FCL 907 - Processed Cheese
FCL 955 - Cheese of Buffalo Milk
FCL 984 - Cheese of Sheep Milk
FCL 1021 - Cheese of Goat Milk

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023