Dominican Republic - Waffles And Wafers Without Chocolate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWaffle and Wafer Price in the Dominican Republic - 2023
Contents:
- Waffle and Wafer Price in the Dominican Republic (FOB) - 2023
- Waffle and Wafer Price in the Dominican Republic (CIF) - 2023
- Waffle and Wafer Exports in the Dominican Republic
- Waffle and Wafer Imports in the Dominican Republic
Waffle and Wafer Price in the Dominican Republic (FOB) - 2023
In March 2023, the average waffle and wafer export price amounted to $24,653 per ton, growing by 157% against the previous month. In general, the export price showed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was Panama ($12,063 per ton), while the average price for exports to Grenada ($2,850 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Waffle and Wafer Price in the Dominican Republic (CIF) - 2023
In March 2023, the average waffle and wafer import price amounted to $4,350 per ton, surging by 17% against the previous month. Over the period under review, the import price, however, showed a noticeable setback. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 39% month-to-month. Over the period under review, average import prices reached the maximum at $5,755 per ton in March 2022; however, from April 2022 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 the United States ($9,303 per ton), while the price for Guatemala ($2,855 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 India (+3.9%), while the prices for the other major suppliers experienced a decline.
Waffle and Wafer Exports in the Dominican Republic
After three years of growth, shipments abroad of waffles and wafers decreased by -8.5% to 922 tons in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 79%. As a result, the exports attained the peak of 1K tons, and then shrank in the following year.
In value terms, waffle and wafer exports reduced to $8M in 2022. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 79%. As a result, the exports reached the peak of $8.5M, and then contracted in the following year.
| Export of Waffle and Wafer in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,453 | 1,961 | 4,348 | 4,304 | 43.6% |
| Colombia | 288 | 302 | 605 | 1,100 | 56.3% |
| Peru | 322 | 469 | 685 | 629 | 25.0% |
| Chile | 401 | 667 | 1,347 | 628 | 16.1% |
| Panama | 505 | 391 | 714 | 608 | 6.4% |
| Ecuador | 176 | 149 | 180 | 160 | -3.1% |
| Trinidad and Tobago | N/A | 90.0 | N/A | 151 | 29.5% |
| Spain | 479 | 594 | 364 | 82.2 | -44.4% |
| Others | 372 | 127 | 245 | 342 | -2.8% |
| Total | 3,997 | 4,750 | 8,488 | 8,005 | 26.0% |
Top Export Markets for Waffle and Wafer from the Dominican Republic in 2022:
- United States (465.6 tons)
- Colombia (145.3 tons)
- Peru (89.2 tons)
- Panama (76.1 tons)
- Chile (55.5 tons)
- Trinidad and Tobago (17.6 tons)
- Ecuador (17.3 tons)
- Spain (6.4 tons)
Waffle and Wafer Imports in the Dominican Republic
In 2022, purchases abroad of waffles and wafers decreased by -15.2% to 874 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 44% against the previous year. As a result, imports reached the peak of 1.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, waffle and wafer imports rose sharply to $3.5M in 2022. In general, imports, however, showed a modest increase. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, imports reached the peak of $3.9M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Waffle and Wafer in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 833 | 1,755 | 1,432 | 1,212 | 13.3% |
| United States | 1,156 | 815 | 775 | 1,011 | -4.4% |
| Brazil | 158 | 183 | 210 | 495 | 46.3% |
| Italy | 154 | 158 | 193 | 269 | 20.4% |
| Spain | 184 | 129 | 142 | 127 | -11.6% |
| India | 37.7 | 40.6 | 51.7 | 108 | 42.0% |
| Turkey | 276 | 413 | 81.9 | 43.6 | -45.9% |
| United Kingdom | 155 | 201 | 112 | N/A | -15.0% |
| Others | 437 | 254 | 152 | 227 | -19.6% |
| Total | 3,391 | 3,950 | 3,149 | 3,492 | 1.0% |
Top Suppliers of Waffle and Wafer to the Dominican Republic in 2022:
- Guatemala (437.9 tons)
- United States (132.9 tons)
- Brazil (132.3 tons)
- India (41.3 tons)
- Italy (38.9 tons)
- Spain (28.2 tons)
- Turkey (19.7 tons)
This report provides an in-depth analysis of the waffle and wafer 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 10721259 - Waffles and wafers (including salted) (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
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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