Dominican Republic - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sweetened Condensed and Evaporated Milk in the Dominican Republic - 2023
Contents:
- Price for Sweetened Condensed and Evaporated Milk in the Dominican Republic (CIF) - 2023
- Price for Sweetened Condensed and Evaporated Milk in the Dominican Republic (FOB) - 2022
- Imports of Sweetened Condensed and Evaporated Milk in the Dominican Republic
- Exports of Sweetened Condensed and Evaporated Milk in the Dominican Republic
Price for Sweetened Condensed and Evaporated Milk in the Dominican Republic (CIF) - 2023
The average import price for condensed or evaporated milk (sweetened) stood at $2,492 per ton in March 2023, dropping by -5.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in August 2022 an increase of 46% against the previous month. The import price peaked at $3,144 per ton in November 2022; however, from December 2022 to March 2023, 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 Spain ($5,131 per ton), while the price for Brazil ($2,251 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 Spain (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sweetened Condensed and Evaporated Milk in the Dominican Republic (FOB) - 2022
In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $3,051 per ton, with an increase of 12% against the previous year. Overall, the export price, however, recorded a noticeable slump. The growth pace was the most rapid in 2021 when the average export price increased by 97% against the previous year. The export price peaked at $6,466 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.5% per year.
Imports of Sweetened Condensed and Evaporated Milk in the Dominican Republic
In 2022, approx. 884 tons of condensed or evaporated milk (sweetened) were imported into the Dominican Republic; jumping by 83% compared with the previous year. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sweetened condensed and evaporated milk imports surged to $2.2M in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sweetened Condensed and Evaporated Milk in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | 40.0 | 279 | 1,286 | 467.0% |
| Peru | 210 | 117 | 289 | 436 | 27.6% |
| Netherlands | N/A | N/A | 61.2 | 325 | 431.0% |
| Spain | N/A | N/A | 9.8 | 87.0 | 787.8% |
| Chile | 686 | 469 | 169 | N/A | -50.4% |
| Ukraine | N/A | N/A | 77.8 | N/A | 0% |
| Others | 2.2 | 61.8 | 13.7 | 23.7 | 120.9% |
| Total | 898 | 688 | 899 | 2,158 | 33.9% |
Top Suppliers of Sweetened Condensed and Evaporated Milk to the Dominican Republic in 2022:
- Brazil (468.2 tons)
- Peru (201.4 tons)
- Netherlands (183.8 tons)
- Spain (18.2 tons)
Exports of Sweetened Condensed and Evaporated Milk in the Dominican Republic
In 2022, approx. 88 tons of condensed or evaporated milk (sweetened) were exported from the Dominican Republic; with a decrease of -39.5% on the year before. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 455%. As a result, the exports reached the peak of 146 tons, and then declined significantly in the following year.
In value terms, sweetened condensed and evaporated milk exports reduced remarkably to $269K in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 994%. As a result, the exports attained the peak of $399K, and then declined markedly in the following year.
| Export of Sweetened Condensed and Evaporated Milk in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 45.1 | 6.6 | 334 | 269 | 81.4% |
| Trinidad and Tobago | N/A | 23.1 | N/A | N/A | 0% |
| United States | 3.1 | 1.8 | 63.1 | N/A | 351.2% |
| Curacao | 3.7 | 2.8 | 0.7 | N/A | -56.5% |
| Others | 1.7 | 2.2 | 1.3 | 0.1 | -61.1% |
| Total | 53.5 | 36.5 | 399 | 269 | 71.3% |
Top Export Markets for Sweetened Condensed and Evaporated Milk from the Dominican Republic in 2022:
- Haiti (88.2 tons)
This report provides an in-depth analysis of the market for sweetened condensed and evaporated 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 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
- 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 VOLUME AND VALUE
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
- 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
- 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 market for sweetened condensed and evaporated milk in the Dominican Republic.
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