Dominican Republic: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in the Dominican Republic

After two years of decline, the Dominican sweet biscuit market increased by 17,111% to $X in 2021. In general, consumption, however, continues to indicate a perceptible decrease. Sweet biscuit consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Sweet Biscuit Exports

Exports from the Dominican Republic

In 2021, after three years of growth, there was significant decline in shipments abroad of sweet biscuits, when their volume decreased by -27% to X tons. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 4,111%. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped markedly in the following year.

In value terms, sweet biscuit exports declined dramatically to $X in 2021. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 3,301% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then declined significantly in the following year.

Exports by Country

Haiti (X tons) was the main destination for sweet biscuit exports from the Dominican Republic, accounting for a 77% share of total exports. Moreover, sweet biscuit exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Haiti stood at +38.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+45.3% per year) and France (+30.6% per year).

In value terms, Haiti ($X) remains the key foreign market for sweet biscuits exports from the Dominican Republic, comprising 72% of total exports. The second position in the ranking was held by the United States ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Haiti stood at +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+41.1% per year) and France (+27.1% per year).

Export Prices by Country

In 2021, the average sweet biscuit export price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the export price, however, recorded a mild decrease. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti ($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 Haiti (-1.5%), while the prices for the other major destinations experienced a decline.

Sweet Biscuit Imports

Imports into the Dominican Republic

Sweet biscuit imports into the Dominican Republic skyrocketed to X tons in 2021, rising by 18% against the previous year. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +25.7% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 21% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, sweet biscuit imports surged to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 35% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Guatemala (X tons), Peru (X tons) and India (X tons) were the main suppliers of sweet biscuit imports to the Dominican Republic, with a combined 62% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +58.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit suppliers to the Dominican Republic were Guatemala ($X), Mexico ($X) and Peru ($X), with a combined 59% share of total imports.

In terms of the main suppliers, Peru, with a CAGR of +57.1%, recorded the highest growth rate of 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 2021, the average sweet biscuit import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2016 an increase of 12%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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