Dominican Republic: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in the Dominican Republic

The Dominican buttermilk and buttermilk powder market rose to $X in 2022, picking up by 3.1% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +8.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Buttermilk And Buttermilk Powder in the Dominican Republic

In value terms, buttermilk and buttermilk powder production expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.2% against 2019 indices. The growth pace was the most rapid in 2018 when the production volume increased by 22% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from the Dominican Republic

In 2022, the amount of buttermilk and buttermilk powder exported from the Dominican Republic reduced rapidly to X kg, with a decrease of -99.9% against the previous year. Over the period under review, exports saw a significant decrease. The pace of growth appeared the most rapid in 2018 with an increase of 10,430%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, buttermilk and buttermilk powder exports fell remarkably to $X in 2022. Overall, exports recorded a sharp descent. The growth pace was the most rapid in 2018 when exports increased by 10,964% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for buttermilk and buttermilk powder exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -52.6%.

In value terms, the United States ($X) also remains the key foreign market for buttermilk and buttermilk powder exports from the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -50.1%.

Export Prices by Country

The average buttermilk and buttermilk powder export price stood at $X per ton in 2022, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. The growth pace was the most rapid in 2014 when the average export price increased by 29% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.3% per year.

Imports of Buttermilk And Buttermilk Powder

Imports into the Dominican Republic

In 2022, supplies from abroad of buttermilk and buttermilk powder decreased by -42.2% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 49%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, buttermilk and buttermilk powder imports declined sharply to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 73%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main buttermilk and buttermilk powder supplier to the Dominican Republic, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -15.9%.

In value terms, the United States ($X) constituted the largest supplier of buttermilk and buttermilk powder to the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -9.5%.

Import Prices by Country

The average buttermilk and buttermilk powder import price stood at $X per ton in 2022, picking up by 15% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, buttermilk and buttermilk powder import price increased by +65.2% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 28%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +10.8% per year.

Source: IndexBox Platform

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