Dominican Republic: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in the Dominican Republic

The Dominican mixes and doughs market declined to $X in 2022, with a decrease of -2.1% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +3.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Mixes And Doughs Production in the Dominican Republic

In value terms, mixes and doughs production shrank modestly to $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +3.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Mixes And Doughs Exports

Exports from the Dominican Republic

In 2022, approx. X tons of mixes and doughs were exported from the Dominican Republic; jumping by 69% compared with the previous year. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 103% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, mixes and doughs exports soared to $X in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 235% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Haiti (X tons) was the main destination for mixes and doughs exports from the Dominican Republic, accounting for a 58% share of total exports. Moreover, mixes and doughs exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+70.9% per year) and Spain (+41.5% per year).

In value terms, Spain ($X) emerged as the key foreign market for mixes and doughs exports from the Dominican Republic, comprising 58% of total exports. The second position in the ranking was held by Haiti ($X), with a 24% share of total exports. It was followed by the United States, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +75.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+16.9% per year) and the United States (+71.3% per year).

Export Prices by Country

The average mixes and doughs export price stood at $X per ton in 2022, rising by 65% against the previous year. Overall, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 243% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

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 ($X per ton), while the average price for exports to Haiti ($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 Spain (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mixes And Doughs Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of mixes and doughs increased by 9.4% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 54% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, mixes and doughs imports soared to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +9.1% 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 +32.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest mixes and doughs supplier to the Dominican Republic, accounting for a 72% share of total imports. Moreover, mixes and doughs imports from the United States exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), sixfold. The third position in this ranking was held by Mexico (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+101.6% per year) and Mexico (+12.0% per year).

In value terms, the United States ($X) constituted the largest supplier of mixes and doughs to the Dominican Republic, comprising 76% of total imports. The second position in the ranking was taken by Costa Rica ($X), with a 10% share of total imports. It was followed by Mexico, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+98.1% per year) and Mexico (+9.4% per year).

Import Prices by Country

The average mixes and doughs import price stood at $X per ton in 2022, rising by 17% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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