Dominican Republic: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in the Dominican Republic

In 2020, the Dominican market for processed cheese (excluding grated or powdered) increased by X% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the market value increased by X% against the previous year. Consumption peaked in 2020 and is likely to see gradual growth in the immediate term.

Production of Processed cheese (excluding grated or powdered) in the Dominican Republic

In value terms, production of processed cheese (excluding grated or powdered) reached $X in 2020 estimated in export prices. In general, the total production indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Production peaked in 2020 and is expected to retain growth in the near future.

Exports of Processed cheese (excluding grated or powdered)

Exports from the Dominican Republic

In 2020, overseas shipments of processed cheese (excluding grated or powdered) increased by X% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports, however, recorded a mild descent. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) surged to $X in 2020. In general, exports, however, posted a noticeable increase. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are likely to continue growth in the near future.

Exports by Country

Barbados (X kg), Germany (X kg) and the U.S. (X kg) were the main destinations of exports of processed cheese (excluding grated or powdered) from the Dominican Republic, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the U.S., while exports for the other leaders experienced more modest paces of growth.

In value terms, Barbados ($X) emerged as the key foreign market for processed cheese (excluding grated or powdered) exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Barbados was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Germany (-X% per year).

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, rising by X% against the previous year. In general, the export price saw a resilient increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Barbados ($X per ton), while the average price for exports to Antigua and Barbuda ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Barbados, while the prices for the other major destinations experienced a decline.

Imports of Processed cheese (excluding grated or powdered)

Imports into the Dominican Republic

For the third consecutive year, the Dominican Republic recorded growth in supplies from abroad of processed cheese (excluding grated or powdered), which increased by X% to X tons in 2020. In general, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, imports of processed cheese (excluding grated or powdered) expanded rapidly to $X in 2020. Over the period under review, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are likely to see steady growth in the immediate term.

Imports by Country

France (X tons), the U.S. (X tons) and Spain (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to the Dominican Republic, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Spain, while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to the Dominican Republic, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2020, the average annual growth rate of value from France totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Spain (+X% per year).

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was New Zealand ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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