Dominican Republic: Powdered Milk Market 2024

Powdered Milk Market Size in the Dominican Republic

The Dominican powdered milk market surged to $X in 2022, rising by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.1% against 2015 indices. Powdered milk consumption peaked in 2022 and is likely to continue growth in years to come.

Powdered Milk Exports

Exports from the Dominican Republic

Powdered milk exports from the Dominican Republic skyrocketed to X tons in 2022, jumping by 83% against the year before. Over the period under review, exports, however, recorded a deep setback. The growth pace was the most rapid in 2019 with an increase of 569%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, powdered milk exports surged to $X in 2022. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 687% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X tons), Saint Lucia (X tons) and France (X tons) were the main destinations of powdered milk exports from the Dominican Republic, together comprising 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for Saint Lucia (with a CAGR of +181.3%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for powdered milk exported from the Dominican Republic were Saint Lucia ($X), Haiti ($X) and Aruba ($X), together comprising 91% of total exports.

In terms of the main countries of destination, Saint Lucia, with a CAGR of +183.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, shrinking by -28.2% against the previous year. In general, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 43% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Antigua and Barbuda (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into the Dominican Republic

In 2022, imports of powdered milk into the Dominican Republic expanded to X tons, rising by 4% compared with the previous year. Over the period under review, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.3% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 47% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, powdered milk imports skyrocketed to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +83.3% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), France (X tons) and Denmark (X tons) were the main suppliers of powdered milk imports to the Dominican Republic, with a combined 70% share of total imports. Germany, Spain, Ireland, New Zealand, the Netherlands, Belgium, Poland, Argentina and Costa Rica lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +106.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Denmark ($X) appeared to be the largest powdered milk suppliers to the Dominican Republic, together comprising 69% of total imports. Germany, Ireland, Spain, the Netherlands, New Zealand, Belgium, Poland, Argentina and Costa Rica lagged somewhat behind, together accounting for a further 30%.

Spain, with a CAGR of +113.2%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average powdered milk import price amounted to $X per ton, increasing by 29% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Denmark ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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