Dominican Republic: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in the Dominican Republic

The Dominican market for powdered, condensed or evaporated milk skyrocketed to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2015 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from the Dominican Republic

In 2022, the amount of powdered, condensed or evaporated milk exported from the Dominican Republic declined dramatically to X tons, falling by X% on 2021. In general, exports showed a slight decline. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk exports declined to $X in 2022. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for powdered, condensed or evaporated milk exports from the Dominican Republic, with a X% share of total exports. Moreover, powdered, condensed or evaporated milk exports to Haiti exceeded the volume sent to the second major destination, Saint Lucia (X tons), fourfold. The third position in this ranking was taken by Turks and Caicos Islands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Lucia (X% per year) and Turks and Caicos Islands (X% per year).

In value terms, the largest markets for powdered, condensed or evaporated milk exported from the Dominican Republic were Haiti ($X), Saint Lucia ($X) and France ($X), with a combined X% share of total exports.

Saint Lucia, with a CAGR of X%, saw 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

In 2022, the average export price for powdered, condensed or evaporated milk amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, saw a deep downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to the United States ($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 Saint Lucia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into the Dominican Republic

In 2022, approx. X tons of powdered, condensed or evaporated milk were imported into the Dominican Republic; with an increase of X% against 2021. Overall, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2015 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, powdered, condensed or evaporated milk imports surged to $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), France (X tons) and Denmark (X tons) were the main suppliers of powdered, condensed or evaporated milk imports to the Dominican Republic, with a combined X% share of total imports. Germany, Peru, Spain, Ireland, the Netherlands, New Zealand, Argentina and Costa Rica lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Denmark ($X) constituted the largest powdered, condensed or evaporated milk suppliers to the Dominican Republic, together accounting for X% of total imports. Germany, Spain, Ireland, the Netherlands, New Zealand, Peru, Argentina and Costa Rica lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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