Dominican Republic: Dairy Spread Market 2024

Dairy Spread Market Size in the Dominican Republic

The Dominican dairy spread market contracted modestly to $X in 2022, which is down by -2.5% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 -7.4% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Dairy Spread Production in the Dominican Republic

In value terms, dairy spread production declined modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -7.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 48%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Dairy Spread Exports

Exports from the Dominican Republic

In 2017, overseas shipments of dairy spreads decreased by -58.1% to X kg, falling for the second year in a row after two years of growth. In general, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2015 with an increase of 14%. As a result, the exports reached the peak of X tons. From 2016 to 2017, the growth of the exports remained at a lower figure.

In value terms, dairy spread exports dropped rapidly to $X in 2017. Overall, exports recorded a sharp setback. The growth pace was the most rapid in 2015 when exports increased by 69% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2017, the growth of the exports remained at a lower figure.

Exports by Country

Haiti (X kg), Cuba (X kg) and the United States (X kg) were the main destinations of dairy spread exports from the Dominican Republic, with a combined 100% share of total exports.

From 2014 to 2017, the biggest increases were recorded for Haiti (with a CAGR of +57.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for dairy spreads exports from the Dominican Republic, comprising 63% of total exports. The second position in the ranking was taken by Haiti ($X), with a 25% share of total exports.

From 2014 to 2017, the average annual growth rate of value to the United States amounted to -39.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+37.6% per year) and Cuba (0.0% per year).

Export Prices by Country

In 2017, the average dairy spread export price amounted to $X per ton, with a decrease of -47.4% against the previous year. Over the period under review, the export price faced a abrupt slump. The growth pace was the most rapid in 2015 when the average export price increased by 48%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2017, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2017, 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 2014 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.1%).

Dairy Spread Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of dairy spreads decreased by -82.5% to X tons, falling for the fifth consecutive year after two years of growth. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 3,048% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, dairy spread imports shrank sharply to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 3,052%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Denmark (X tons) was the main supplier of dairy spread to the Dominican Republic, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Denmark totaled +6.0%.

In value terms, Denmark ($X) constituted the largest supplier of dairy spreads to the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value from Denmark totaled +15.8%.

Import Prices by Country

In 2022, the average dairy spread import price amounted to $X per ton, picking up by 44% against the previous year. Over the period under review, the import price showed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Denmark.

From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to +9.3% per year.

Source: IndexBox Platform

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