Dominican Republic: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in the Dominican Republic

The Dominican market for crispbread, rusks and toasted bread rose modestly to $X in 2022, surging by 2.8% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Crispbread, Rusks and Toasted Bread in the Dominican Republic

In value terms, crispbread, rusk and toasted bread production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 47% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports from the Dominican Republic

In 2022, shipments abroad of crispbread, rusks and toasted bread decreased by -13.7% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 when exports increased by 196% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, crispbread, rusk and toasted bread exports contracted remarkably to $X in 2022. In general, exports showed a deep contraction. The growth pace was the most rapid in 2015 when exports increased by 634%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Turks and Caicos Islands (X tons) was the main destination for crispbread, rusk and toasted bread exports from the Dominican Republic, accounting for a 88% share of total exports. Moreover, crispbread, rusk and toasted bread exports to Turks and Caicos Islands exceeded the volume sent to the second major destination, Italy (X kg), more than tenfold. Spain (X kg) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turks and Caicos Islands stood at +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Spain (-44.3% per year).

In value terms, Turks and Caicos Islands ($X) emerged as the key foreign market for crispbread, rusks and toasted bread exports from the Dominican Republic, comprising 81% of total exports. The second position in the ranking was taken by Spain ($X), with a 14% share of total exports. It was followed by Italy, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value to Turks and Caicos Islands stood at +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-49.2% per year) and Italy (0.0% per year).

Export Prices by Country

In 2022, the average export price for crispbread, rusks and toasted bread amounted to $X per ton, reducing by -52.8% against the previous year. In general, the export price, however, saw resilient growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 187%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Italy ($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 Haiti (+25.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Crispbread, Rusks and Toasted Bread

Imports into the Dominican Republic

In 2022, overseas purchases of crispbread, rusks and toasted bread decreased by -13.9% to X tons, falling for the fifth consecutive year after six years of growth. Over the period under review, imports, however, recorded a temperate increase. The pace of growth appeared the most rapid in 2016 with an increase of 70% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, crispbread, rusk and toasted bread imports expanded sharply to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 30%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Spain (X tons) and Bulgaria (X tons) were the main suppliers of crispbread, rusk and toasted bread imports to the Dominican Republic, together comprising 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +562.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread, rusk and toasted bread suppliers to the Dominican Republic were the United States ($X), Spain ($X) and Bulgaria ($X), together comprising 93% of total imports.

Among the main suppliers, Bulgaria, with a CAGR of +688.9%, 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 import price for crispbread, rusks and toasted bread amounted to $X per ton, increasing by 27% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+19.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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