Dominican Republic: Yoghurt Market 2024

Yoghurt Market Size in the Dominican Republic

The Dominican yoghurt market dropped to $X in 2022, waning by -12.2% 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). Overall, consumption saw a abrupt slump. Yoghurt consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Yoghurt Exports

Exports from the Dominican Republic

In 2022, overseas shipments of yoghurt were finally on the rise to reach X tons after two years of decline. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 974%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, yoghurt exports soared to $X in 2022. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 794% against the previous year. The exports peaked 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 yoghurt exports from the Dominican Republic, accounting for a 72% share of total exports. Moreover, yoghurt exports to Haiti exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold. Curacao (X kg) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti amounted to +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+15.7% per year) and Curacao (-11.9% per year).

In value terms, the largest markets for yoghurt exported from the Dominican Republic were Haiti ($X), the UK ($X) and France ($X), with a combined 69% share of total exports. Spain, Panama, the United States, Curacao and Jamaica lagged somewhat behind, together comprising a further 24%.

Panama, with a CAGR of +92.8%, 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 yoghurt export price amounted to $X per ton, picking up by 19% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 109%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Haiti ($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 Curacao (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Yoghurt Imports

Imports into the Dominican Republic

Yoghurt imports into the Dominican Republic reduced to X tons in 2022, shrinking by -11.7% compared with the previous year's figure. Overall, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 31%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, yoghurt imports fell to $X in 2022. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of yoghurt to the Dominican Republic, accounting for a 78% share of total imports. Moreover, yoghurt imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), tenfold. Spain (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.8% per year) and Spain (-2.8% per year).

In value terms, the United States ($X) constituted the largest supplier of yoghurt to the Dominican Republic, comprising 86% of total imports. The second position in the ranking was taken by France ($X), with a 7% share of total imports. It was followed by Spain, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.5% per year) and Spain (-5.1% per year).

Import Prices by Country

In 2022, the average yoghurt import price amounted to $X per ton, increasing by 3.1% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, yoghurt import price decreased by -4.0% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 38%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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