Dominican Republic: Cheese Market Overview 2021

Cheese Market Size in the Dominican Republic

The Dominican cheese market rose remarkably to $X in 2019, surging by X% against the previous year. Overall, consumption recorded a prominent expansion. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in the immediate term.

Cheese Production in the Dominican Republic

In value terms, cheese production shrank modestly to $X in 2019 estimated in export prices. In general, production recorded a mild contraction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2019, production growth failed to regain the momentum.

Cheese Exports

Exports from the Dominican Republic

In 2019, shipments abroad of cheese increased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. Over the period under review, exports posted buoyant growth. The growth pace was the most rapid in 2009 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, cheese exports expanded remarkably to $X in 2019. In general, exports posted a tangible increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

The U.S. (X tonnes) was the main destination for cheese exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, cheese exports to the U.S. exceeded the volume sent to the second major destination, Guatemala (X tonnes), fourfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. stood at +X%.

In value terms, the U.S. ($X) remains the key foreign market for cheese exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. stood at +X%.

Export Prices by Country

In 2019, the average cheese export price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably for the major overseas markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Guatemala totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala.

Cheese Imports

Imports into the Dominican Republic

In 2019, the amount of cheese imported into the Dominican Republic was estimated at X tonnes, picking up by X% compared with 2018. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2016 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, cheese imports rose sharply to $X in 2019. Over the period under review, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

From 2007 to 2019, the average annual growth rate of volume from No country was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value from No country was relatively modest.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cheese in the world?

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The country with the largest volume of cheese consumption was the U.S. (6.1M tonnes), comprising approx. 24% of total volume. Moreover, cheese consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Germany (3M tonnes), twofold. The third position in this ranking was occupied by France (1.6M tonnes), with a 6.4% share.

What are the largest producers of cheese in the world?

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The countries with the highest volumes of cheese production in 2019 were the U.S. (6.3M tonnes), Germany (3.5M tonnes) and France (1.9M tonnes), with a combined 46% share of global production. Italy, Poland, the Netherlands, Argentina, Russia, the Czech Republic, Egypt, the UK, Canada and Sudan lagged somewhat behind, together comprising a further 27%.

What are the leading importers of cheese from the Dominican Republic?

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In value terms, the U.S. ($592K) remains the key foreign market for cheese exports from the Dominican Republic, comprising 81% of total exports. The second position in the ranking was occupied by Guatemala ($142K), with a 19% share of total exports.

What is the average export price for cheese in the Dominican Republic?

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In 2019, the average cheese export price amounted to $3,095 per tonne, with a decrease of -5.9% against the previous year.