Dominican Republic: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in the Dominican Republic

In 2021, the Dominican market for condensed or evaporated milk (unsweetened) increased by 45% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption showed prominent growth. Unsweetened condensed and evaporated milk consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from the Dominican Republic

In 2021, the amount of condensed or evaporated milk (unsweetened) exported from the Dominican Republic soared to X tons, with an increase of 304% compared with the previous year's figure. Over the period under review, exports showed resilient growth. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk exports skyrocketed to $X in 2021. In general, exports recorded a strong increase. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for unsweetened condensed and evaporated milk exports from the Dominican Republic, accounting for a 57% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to France exceeded the volume sent to the second major destination, Bahamas (X tons), fourfold. The third position in this ranking was held by Antigua and Barbuda (X tons), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+52.8% per year) and Antigua and Barbuda (-5.7% per year).

In value terms, France ($X) emerged as the key foreign market for condensed or evaporated milk (unsweetened) exports from the Dominican Republic, comprising 51% of total exports. The second position in the ranking was taken by Antigua and Barbuda ($X), with a 23% share of total exports. It was followed by Bahamas, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Antigua and Barbuda (+0.8% per year) and Bahamas (+42.7% per year).

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2015 an increase of 42% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Antigua and Barbuda ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into the Dominican Republic

In 2021, supplies from abroad of condensed or evaporated milk (unsweetened) increased by 32% to X tons, rising for the second year in a row after three years of decline. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 110% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk imports soared to $X in 2021. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 86%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Peru (X tons), Germany (X tons) and Mexico (X tons) were the main suppliers of unsweetened condensed and evaporated milk imports to the Dominican Republic, together accounting for 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +79.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unsweetened condensed and evaporated milk suppliers to the Dominican Republic were Peru ($X), Germany ($X) and Mexico ($X), with a combined 98% share of total imports.

Among the main suppliers, Mexico, with a CAGR of +76.0%, recorded the highest rates of growth with regard to 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 2021, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, rising by 12% against the previous year. In general, the import price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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