Dominican Republic: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in the Dominican Republic

In 2022, the Dominican butter and dairy spreads market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, posted a buoyant expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Butter And Dairy Spreads in the Dominican Republic

In value terms, butter and dairy spreads production declined sharply to $X in 2022 estimated in export price. Overall, production saw a significant expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X,400%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Butter And Dairy Spreads

Exports from the Dominican Republic

In 2022, after two years of decline, there was significant growth in shipments abroad of butter and dairy spreads, when their volume increased by X% to X tons. Over the period under review, exports saw a resilient increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, butter and dairy spreads exports soared to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for butter and dairy spreads exports from the Dominican Republic, with a X% share of total exports. It was followed by Germany (X tons), with a X% share of total exports. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Russia (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for butter and dairy spreads exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Germany (X% per year).

Export Prices by Country

The average butter and dairy spreads export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Russia ($X 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 Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Butter And Dairy Spreads

Imports into the Dominican Republic

In 2022, the amount of butter and dairy spreads imported into the Dominican Republic shrank significantly to X tons, with a decrease of X% on the year before. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, butter and dairy spreads imports reached $X in 2022. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

France (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of butter and dairy spreads imports to the Dominican Republic, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest butter and dairy spreads suppliers to the Dominican Republic were France ($X), Germany ($X) and Poland ($X), together comprising X% of total imports.

In terms of the main suppliers, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average butter and dairy spreads import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and the United States ($X per ton), while the price for Poland ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :