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Dominican Republic - Butter - Market Analysis, Forecast, Size, Trends and Insights
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Dominican Republic: Butter Market Overview 2021

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Butter Market Size in the Dominican Republic

The Dominican butter market expanded modestly to $X in 2019, increasing by X% against the previous year. In general, consumption, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Butter consumption peaked at $X in 2016; however, from 2017 to 2019, consumption remained at a lower figure.

Butter Production in the Dominican Republic

In value terms, butter production rose sharply to $X in 2019 estimated in export prices. Overall, production showed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Butter production peaked at $X in 2016; however, from 2017 to 2019, production stood at a somewhat lower figure.

Butter Exports

Exports from the Dominican Republic

In 2019, shipments abroad of butter increased by X% to X tonnes, rising for the second consecutive year after six years of decline. In general, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, butter exports expanded markedly to $X in 2019. Over the period under review, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for butter exports from the Dominican Republic, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to the Netherlands totaled +X%.

In value terms, the Netherlands ($X) also remains the key foreign market for butter exports from the Dominican Republic.

From 2007 to 2019, the average annual rate of growth in terms of value to the Netherlands amounted to +X%.

Export Prices by Country

The average butter export price stood at $X per tonne in 2019, increasing by X% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2007 to 2019, the rate of growth in terms of prices for the Netherlands amounted to +X% per year.

Butter Imports

Imports into the Dominican Republic

In 2019, approx. X tonnes of butter were imported into the Dominican Republic; falling by -X% against 2018 figures. Overall, imports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2017 to 2019, the growth imports remained at a lower figure.

In value terms, butter imports fell to $X in 2019. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Imports peaked at $X in 2016; however, from 2017 to 2019, imports remained at a lower figure.

Imports by Country

Honduras (X tonnes), France (X tonnes) and Denmark (X tonnes) were the main suppliers of butter imports to the Dominican Republic, with a combined X% share of total imports. These countries were followed by the U.S., Belgium and Spain, which together accounted for a further X 2007 to 2019, the biggest increases were in the U.S., while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest butter suppliers to the Dominican Republic were Honduras ($X), France ($X) and Denmark ($X), together comprising X% of total imports. These countries were followed by the U.S., Belgium and Spain, which together accounted for a further X the main suppliers, the U.S. saw the highest growth rate of 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 import price stood at $X per tonne in 2019, growing by X% against the previous year. Overall, the import price saw a prominent increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum in 2019 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Spain ($X per tonne) and the U.S. ($X per tonne), while the price for Honduras ($X per tonne) and France ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butter in the world?
+
The countries with the highest volumes of butter consumption in 2019 were the U.S. (984K tonnes), France (520K tonnes) and Germany (446K tonnes), with a combined 35% share of global consumption. Russia, Turkey, New Zealand, the UK, China, Iran, Poland, Australia, Brazil and Italy lagged somewhat behind, together accounting for a further 33%.
What are the largest producers of butter in the world?
+
The countries with the highest volumes of butter production in 2019 were the U.S. (965K tonnes), New Zealand (514K tonnes) and Germany (438K tonnes), together accounting for 34% of global production. These countries were followed by France, Ireland, Turkey, Russia, Poland, the UK, the Netherlands, Belarus, Iran and Ukraine, which together accounted for a further 36%.
What are the leading suppliers of butter to the Dominican Republic?
+
In value terms, the largest butter suppliers to the Dominican Republic were Honduras ($856K), France ($507K) and Denmark ($472K), together accounting for 77% of total imports. These countries were followed by the U.S., Belgium and Spain, which together accounted for a further 22%.
What are the leading importers of butter from the Dominican Republic?
+
In value terms, the Netherlands ($330K) remains the key foreign market for butter exports from the Dominican Republic.
What is the average export price for butter in the Dominican Republic?
+
In 2019, the average butter export price amounted to $5,769 per tonne, rising by 3.1% against the previous year.
What is the average import price for butter in the Dominican Republic?
+
In 2019, the average butter import price amounted to $6,220 per tonne, with an increase of 7.5% against the previous year.

Product coverage:
• FCL 886 - Butter of Cow Milk

This report provides an in-depth analysis of the butter 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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