Report Update: Apr 1, 2024

Dominican Republic - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights

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Breakfast Cereal Price in the Dominican Republic - 2023

Breakfast Cereal Price in the Dominican Republic (CIF) - 2023

The average breakfast cereal import price stood at $2,443 per ton in March 2023, which is down by -11.2% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 34% against the previous month. As a result, import price reached the peak level of $3,230 per ton. From February 2023 to March 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Honduras ($4,579 per ton), while the price for the United States ($1,775 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Honduras (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Breakfast Cereal Price in the Dominican Republic (FOB) - 2022

The average breakfast cereal export price stood at $1,845 per ton in 2022, declining by -5.6% against the previous year. In general, the export price showed a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs at $4,379 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Barbados ($2,628 per ton), while the average price for exports to Spain ($689 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 Haiti (+1.0%), while the prices for the other major destinations experienced a decline.

Breakfast Cereal Imports in the Dominican Republic

In 2022, approx. 25K tons of breakfast cereals were imported into the Dominican Republic; growing by 1.9% against 2021. The total import volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 7.3% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, breakfast cereal imports skyrocketed to $62M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Breakfast Cereal in the Dominican Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Honduras	0.9	1.3	9.5	16.5	163.7%
United States	13.5	12.7	14.2	15.5	4.7%
Trinidad and Tobago	7.8	9.6	8.9	11.2	12.8%
Guatemala	6.3	8.2	6.6	9.0	12.6%
Mexico	4.3	5.9	4.6	5.5	8.6%
El Salvador	2.1	1.2	1.6	0.8	-27.5%
Others	2.6	2.2	2.5	3.1	6.0%
Total	37.4	41.1	47.8	61.7	18.2%

Top Suppliers of Breakfast Cereal to the Dominican Republic in 2022:

United States (7.9K tons)
Trinidad and Tobago (5.7K tons)
Honduras (4.2K tons)
Guatemala (3.9K tons)
Mexico (1.5K tons)
El Salvador (0.2K tons)

Breakfast Cereal Exports in the Dominican Republic

In 2022, shipments abroad of breakfast cereals decreased by -53.4% to 282 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, the exports attained the peak of 993 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, breakfast cereal exports fell dramatically to $519K in 2022. In general, exports recorded a precipitous slump. The smallest decline of -13.4% was in 2021.

Export of Breakfast Cereal in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Haiti	231	634	363	181	-7.8%
Guyana	93.9	47.3	174	145	15.6%
Jamaica	463	373	298	111	-37.9%
Spain	11.1	0.4	41.7	17.4	16.2%
Barbados	23.5	21.9	23.9	16.5	-11.1%
United States	277	187	184	13.6	-63.4%
Curacao	1.6	1.6	9.9	13.3	102.6%
Venezuela	232	3.5	0.1	N/A	-97.9%
Others	313	94.8	86.9	20.7	-59.6%
Total	1,645	1,363	1,181	519	-31.9%

Top Export Markets for Breakfast Cereal from the Dominican Republic in 2022:

Haiti (112.9 tons)
Guyana (58.3 tons)
Jamaica (53.5 tons)
Spain (25.3 tons)
United States (9.8 tons)
Curacao (6.5 tons)
Barbados (6.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the breakfast cereal market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023