Dominican Republic - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Evaporated and Condensed Milk in the Dominican Republic - 2023
Contents:
- Price for Evaporated and Condensed Milk in the Dominican Republic (CIF) - 2023
- Price for Evaporated and Condensed Milk in the Dominican Republic (FOB) - 2022
- Imports of Evaporated and Condensed Milk in the Dominican Republic
- Exports of Evaporated and Condensed Milk in the Dominican Republic
Price for Evaporated and Condensed Milk in the Dominican Republic (CIF) - 2023
The average evaporated and condensed milk import price stood at $2,058 per ton in March 2023, with an increase of 2% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average import price increased by 43% month-to-month. As a result, import price attained the peak level of $2,431 per ton. From September 2022 to March 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($2,780 per ton), while the price for Peru ($1,776 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 (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Evaporated and Condensed Milk in the Dominican Republic (FOB) - 2022
The average evaporated and condensed milk export price stood at $2,918 per ton in 2022, with an increase of 8.6% against the previous year. Overall, the export price, however, showed a mild shrinkage. The growth pace was the most rapid in 2021 an increase of 70%. The export price peaked at $3,746 per ton in 2016; however, from 2017 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 Haiti ($3,060 per ton), while the average price for exports to the United States ($1,479 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 Turks and Caicos Islands (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Evaporated and Condensed Milk in the Dominican Republic
Evaporated and condensed milk imports into the Dominican Republic soared to 6K tons in 2022, rising by 20% on the year before. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, evaporated and condensed milk imports surged to $11M in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Evaporated and Condensed Milk in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 4.0 | 1.1 | 3.8 | 4.7 | 5.5% |
| Germany | N/A | N/A | 1.9 | 2.9 | 52.6% |
| Brazil | N/A | N/A | 0.3 | 1.4 | 366.7% |
| Spain | 0.1 | 0.5 | 1.5 | 0.9 | 108.0% |
| Netherlands | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Chile | 0.7 | 0.5 | 0.2 | N/A | -46.5% |
| Others | N/A | 3.3 | 0.2 | 0.5 | -61.1% |
| Total | 4.8 | 5.4 | 8.0 | 10.9 | 31.4% |
Top Suppliers of Evaporated and Condensed Milk to the Dominican Republic in 2022:
- Peru (2858.4 tons)
- Germany (1684.9 tons)
- Spain (601.3 tons)
- Brazil (509.5 tons)
- Netherlands (183.8 tons)
Exports of Evaporated and Condensed Milk in the Dominican Republic
In 2022, approx. 103 tons of evaporated and condensed milk were exported from the Dominican Republic; reducing by -44.2% against the previous year's figure. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 410% against the previous year. As a result, the exports reached the peak of 184 tons, and then fell significantly in the following year.
In value terms, evaporated and condensed milk exports contracted dramatically to $300K in 2022. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 768% against the previous year. As a result, the exports reached the peak of $495K, and then fell sharply in the following year.
| Export of Evaporated and Condensed Milk in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 136 | 15.5 | 345 | 276 | 26.6% |
| Turks and Caicos Islands | 3.1 | 2.9 | 0.7 | 15.5 | 71.0% |
| France | N/A | 0.5 | 82.4 | 5.2 | 222.5% |
| United States | 6.8 | 3.9 | 64.7 | 1.6 | -38.3% |
| Curacao | 26.3 | 10.3 | 0.8 | 0.4 | -75.2% |
| Trinidad and Tobago | N/A | 23.1 | N/A | N/A | 0% |
| Others | 3.7 | 0.9 | 1.3 | 0.7 | -42.6% |
| Total | 176 | 57.0 | 495 | 300 | 19.5% |
Top Export Markets for Evaporated and Condensed Milk from the Dominican Republic in 2022:
- Haiti (90.3 tons)
- Turks and Caicos Islands (8.9 tons)
- France (2.0 tons)
- United States (1.1 tons)
- Curacao (0.1 tons)
This report provides an in-depth analysis of the market for evaporated and condensed milk 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 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
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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