Dominican Republic: Cream Market 2021

Cream Market Size in the Dominican Republic

The Dominican cream market rose remarkably to $X in 2020, increasing by X% against the previous year. In general, the total consumption indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Cream consumption peaked in 2020 and is expected to retain growth in the near future.

Cream Production in the Dominican Republic

In value terms, cream production stood at $X in 2020 estimated in export prices. Overall, the total production indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2020, production remained at a lower figure.

Cream Exports

Exports from the Dominican Republic

In 2020, exports of cream from the Dominican Republic totaled X kg, approximately mirroring the previous year. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Exports peaked at X tons in 2009; however, from 2010 to 2020, exports remained at a lower figure.

In value terms, cream exports amounted to $X in 2020. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

Saint Kitts and Nevis (X tons) was the main destination for cream exports from the Dominican Republic, with a approx. X% share of total exports.

From 2007 to 2016, the average annual rate of growth in terms of volume to Saint Kitts and Nevis totaled +X%.

In value terms, Saint Kitts and Nevis ($X) also remains the key foreign market for cream exports from the Dominican Republic.

From 2007 to 2016, the average annual rate of growth in terms of value to Saint Kitts and Nevis amounted to +X%.

Export Prices by Country

In 2016, the average cream export price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per ton in 2015, and then dropped markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Saint Kitts and Nevis.

From 2007 to 2016, the rate of growth in terms of prices for Saint Kitts and Nevis amounted to -X% per year.

Cream Imports

Imports into the Dominican Republic

Cream imports into the Dominican Republic was estimated at X kg in 2020, approximately reflecting the year before. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. From 2010 to 2020, the growth imports failed to regain the momentum.

In value terms, cream imports totaled $X in 2020. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2010 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2010, Chile (X tons) constituted the largest cream supplier to the Dominican Republic, with a X% share of total imports. Moreover, cream imports from Chile exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Nicaragua (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2010, the average annual growth rate of volume from Chile totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Nicaragua (X% per year).

In value terms, Chile ($X) constituted the largest supplier of cream to the Dominican Republic, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Nicaragua, with a X% share.

From 2007 to 2010, the average annual rate of growth in terms of value from Chile totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Nicaragua (X% per year).

Import Prices by Country

In 2010, the average cream import price amounted to $X per ton, declining by -X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per ton in 2009, and then declined remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2010, the countries with the highest prices were Nicaragua ($X per ton) and Chile ($X per ton), while the price for Brazil ($X per ton) and France ($X per ton) were amongst the lowest.

From 2007 to 2010, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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