Dominican Republic: Gingerbread Market 2024

Gingerbread Market Size in the Dominican Republic

The Dominican gingerbread market dropped to $X in 2022, leveling off at the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 -7.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Gingerbread Production in the Dominican Republic

In value terms, gingerbread production contracted slightly to $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 -7.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 23% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Gingerbread Exports

Exports from the Dominican Republic

In 2022, approx. X tons of gingerbread were exported from the Dominican Republic; falling by -89.3% compared with the previous year. Over the period under review, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 574% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, gingerbread exports reduced dramatically to $X in 2022. Overall, exports, however, continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2018 when exports increased by 424% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), France (X tons) and Poland (X tons) were the main destinations of gingerbread exports from the Dominican Republic, together accounting for 86% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +67.0%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for gingerbread exports from the Dominican Republic, comprising 51% of total exports. The second position in the ranking was taken by France ($X), with a 23% share of total exports. It was followed by Poland, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.6% per year) and Poland (+51.6% per year).

Export Prices by Country

The average gingerbread export price stood at $X per ton in 2022, growing by 33% against the previous year. Overall, the export price recorded a resilient increase. The pace of growth was the most pronounced in 2019 an increase of 94% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States ($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 Mexico (+51.2%), while the prices for the other major destinations experienced more modest paces of growth.

Gingerbread Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of gingerbread decreased by -8.9% to X tons, falling for the third year in a row after three years of growth. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 331%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, gingerbread imports amounted to $X in 2022. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2013 when imports increased by 329%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main gingerbread supplier to the Dominican Republic, accounting for a 97% share of total imports. It was followed by France (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +53.0%.

In value terms, the United States ($X) constituted the largest supplier of gingerbread to the Dominican Republic, comprising 98% of total imports. The second position in the ranking was taken by France ($X), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +52.3%.

Import Prices by Country

The average gingerbread import price stood at $X per ton in 2022, increasing by 22% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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