Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the Dominican Republic - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the Dominican Republic (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the Dominican Republic (FOB) - 2023
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the Dominican Republic
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the Dominican Republic
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $6,792 per ton, waning by -1.5% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 an increase of 12% m-o-m. Over the period under review, average import prices hit record highs at $6,916 per ton in January 2023; however, from February 2023 to March 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($10,493 per ton), while the price for Poland ($4,120 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 the Netherlands (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the Dominican Republic (FOB) - 2023
The average export price for cheese, other than blue-veined, grated, powdered or processed stood at $8,136 per ton in March 2023, with a decrease of -2.1% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 7.2% m-o-m. As a result, the export price attained the peak level of $8,466 per ton. From February 2023 to March 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From March 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to +0.2% per month.
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the Dominican Republic
In 2022, imports of cheese, other than blue-veined, grated, powdered or processed into the Dominican Republic surged to 14K tons, rising by 18% against the previous year. The total import volume increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed soared to $83M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.3% 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 +69.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.9 | 19.2 | 22.7 | 37.4 | 23.4% |
| Netherlands | 14.8 | 17.2 | 21.8 | 21.0 | 12.4% |
| Germany | 7.3 | 5.1 | 6.7 | 13.6 | 23.0% |
| Spain | 4.4 | 3.0 | 3.8 | 5.4 | 7.1% |
| Italy | 1.5 | 1.2 | 1.9 | 2.4 | 17.0% |
| Poland | N/A | 1.7 | 0.9 | 1.6 | -3.0% |
| Others | 1.3 | 1.9 | 2.2 | 1.9 | 13.5% |
| Total | 49.1 | 49.2 | 60.1 | 83.3 | 19.3% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to the Dominican Republic in 2022:
- United States (6.3K tons)
- Netherlands (3.6K tons)
- Germany (2.6K tons)
- Spain (0.6K tons)
- Italy (0.3K tons)
- Poland (0.3K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the Dominican Republic
In 2022, the amount of cheese, other than blue-veined, grated, powdered or processed exported from the Dominican Republic skyrocketed to 322 tons, with an increase of 21% against the year before. The total export volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed surged to $2.5M in 2022. In general, exports, however, saw a pronounced decrease.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.5 | 2.1 | 2.1 | 2.5 | 0.0% |
| Others | 0.3 | 0.2 | N/A | N/A | -33.3% |
| Total | 2.8 | 2.3 | 2.1 | 2.5 | -3.7% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from the Dominican Republic in 2022:
- United States (320.0 tons)
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