Dominican Republic - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPowdered Milk Price in the Dominican Republic - 2023
Contents:
- Powdered Milk Price in the Dominican Republic (CIF) - 2023
- Powdered Milk Price in the Dominican Republic (FOB) - 2022
- Powdered Milk Imports in the Dominican Republic
- Powdered Milk Exports in the Dominican Republic
Powdered Milk Price in the Dominican Republic (CIF) - 2023
In March 2023, the average powdered milk import price amounted to $3,778 per ton, which is down by -13.6% against the previous month. Over the period under review, the import price recorded a slight reduction. The growth pace was the most rapid in August 2022 an increase of 9.9% against the previous month. As a result, import price reached the peak level of $4,864 per ton. From September 2022 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 Denmark ($8,899 per ton), while the price for Germany ($3,258 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 Denmark (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Powdered Milk Price in the Dominican Republic (FOB) - 2022
The average powdered milk export price stood at $4,585 per ton in 2022, dropping by -32.6% against the previous year. Overall, the export price showed a deep reduction. The growth pace was the most rapid in 2019 an increase of 94%. The export price peaked at $10,315 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($8,047 per ton), while the average price for exports to the United States ($1,249 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 the United States (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Powdered Milk Imports in the Dominican Republic
In 2022, imports of powdered milk into the Dominican Republic expanded to 34K tons, growing by 4% against the previous year's figure. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of 35K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, powdered milk imports soared to $152M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Powdered Milk in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.1 | 25.1 | 35.7 | 51.5 | 47.3% |
| France | 2.1 | 8.3 | 14.0 | 27.5 | 135.7% |
| Denmark | 26.4 | 29.9 | 19.6 | 26.0 | -0.5% |
| Germany | 20.3 | 16.8 | 15.5 | 10.9 | -18.7% |
| Ireland | 4.7 | 16.9 | 7.4 | 6.8 | 13.1% |
| Spain | N/A | 2.8 | 1.7 | 6.1 | 47.6% |
| Netherlands | 10.1 | 5.8 | 5.4 | 5.5 | -18.3% |
| New Zealand | 8.7 | 7.5 | 4.3 | 5.3 | -15.2% |
| Belgium | 1.0 | 5.3 | 3.2 | 4.7 | 67.5% |
| Poland | 0.1 | 0.2 | 1.0 | 4.0 | 242.0% |
| Costa Rica | 6.4 | 5.1 | 5.7 | 0.6 | -54.6% |
| Others | 2.4 | 0.6 | 0.1 | 3.3 | 11.2% |
| Total | 98.4 | 124 | 114 | 152 | 15.6% |
Top Suppliers of Powdered Milk to the Dominican Republic in 2022:
- United States (12.3K tons)
- France (7.1K tons)
- Denmark (4.5K tons)
- Germany (2.6K tons)
- Ireland (1.4K tons)
- Spain (1.4K tons)
- Netherlands (1.1K tons)
- New Zealand (1.1K tons)
- Belgium (1.0K tons)
- Poland (0.9K tons)
- Costa Rica (0.1K tons)
Powdered Milk Exports in the Dominican Republic
In 2022, after two years of decline, there was significant growth in overseas shipments of powdered milk, when their volume increased by 101% to 100 tons. Overall, exports, however, faced a dramatic downturn.
In value terms, powdered milk exports surged to $460K in 2022. Over the period under review, exports, however, saw a sharp reduction.
| Export of Powdered Milk in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saint Lucia | 287 | 98.0 | 125 | 223 | -8.1% |
| Haiti | 90.7 | 5.0 | 39.2 | 144 | 16.7% |
| Aruba | 109 | 37.9 | 37.1 | 39.0 | -29.0% |
| France | 153 | 40.9 | 27.3 | 37.0 | -37.7% |
| United States | 5.0 | 22.9 | 0.9 | 12.0 | 33.9% |
| Venezuela | 5,032 | N/A | N/A | N/A | 0% |
| Grenada | 103 | N/A | 38.1 | N/A | -39.2% |
| Others | 132 | 105 | 72.5 | 5.7 | -64.9% |
| Total | 5,910 | 309 | 340 | 460 | -57.3% |
Top Export Markets for Powdered Milk from the Dominican Republic in 2022:
- Haiti (46.6 tons)
- Saint Lucia (33.1 tons)
- United States (9.6 tons)
- France (4.8 tons)
- Aruba (4.8 tons)
This report provides an in-depth analysis of the powdered milk 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:
- FCL 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the powdered milk market in the Dominican Republic.
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This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in the Dominican Republic.
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This report provides an in-depth analysis of the market for evaporated and condensed milk in the Dominican Republic.
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This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in the Dominican Republic.
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This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in the Dominican Republic.
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This report provides an in-depth analysis of the skim powdered milk market in the Dominican Republic.
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This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in the Dominican Republic.
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This report provides an in-depth analysis of the whole powdered milk market in the Dominican Republic.
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This report provides an in-depth analysis of the global powdered milk market.
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This report provides an in-depth analysis of the global market for powdered, condensed or evaporated milk.
305
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
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Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1709
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
237
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
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Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
305
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
1311
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1709
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
237
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
57
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
