Dominican Republic: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in the Dominican Republic

After three years of growth, the Dominican rusks and toasted bread market decreased by -2.7% to $X in 2021. Over the period under review, consumption, however, saw a strong expansion. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in the Dominican Republic

In value terms, rusks and toasted bread production dropped to $X in 2021 estimated in export price. In general, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 53% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from the Dominican Republic

Rusks and toasted bread exports from the Dominican Republic skyrocketed to X tons in 2021, jumping by 18% compared with the previous year. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 4,264%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, rusks and toasted bread exports surged to $X in 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 5,747% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Spain (X tons) and the United States (X tons) were the main destinations of rusks and toasted bread exports from the Dominican Republic, together accounting for 57% of total exports. The UK, Germany, Panama, Mexico and France lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +136.6%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and Mexico ($X) appeared to be the largest markets for rusks and toasted bread exported from the Dominican Republic worldwide, with a combined 49% share of total exports.

Mexico, with a CAGR of +198.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2021, approximately reflecting the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rusks and toasted bread export price increased by +22.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 34% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into the Dominican Republic

After three years of decline, overseas purchases of rusks, toasted bread and similar toasted products increased by 2.9% to X tons in 2021. In general, imports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 71%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, rusks and toasted bread imports rose rapidly to $X in 2021. Over the period under review, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2016 when imports increased by 28% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of rusks and toasted bread to the Dominican Republic, with a 46% share of total imports. Moreover, rusks and toasted bread imports from the United States exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), twofold. The third position in this ranking was held by Spain (X tons), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+17.0% per year) and Spain (+7.4% per year).

In value terms, the United States ($X) constituted the largest supplier of rusks, toasted bread and similar toasted products to the Dominican Republic, comprising 48% of total imports. The second position in the ranking was held by Guatemala ($X), with a 16% share of total imports. It was followed by Spain, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+13.1% per year) and Spain (+5.6% per year).

Import Prices by Country

The average rusks and toasted bread import price stood at $X per ton in 2021, growing by 10% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and France ($X per ton), while the price for Guatemala ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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