Dominican Republic: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in the Dominican Republic

The Dominican market for condensed or evaporated milk (unsweetened) soared to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a strong expansion. Unsweetened condensed and evaporated milk consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from the Dominican Republic

Unsweetened condensed and evaporated milk exports from the Dominican Republic reduced rapidly to X tons in 2022, with a decrease of X% on 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk exports reduced sharply to $X in 2022. In general, exports saw a pronounced decrease. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Turks and Caicos Islands (X tons) was the main destination for unsweetened condensed and evaporated milk exports from the Dominican Republic, with a X% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Turks and Caicos Islands exceeded the volume sent to the second major destination, Haiti (X tons), fourfold. France (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turks and Caicos Islands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and France (X% per year).

In value terms, Turks and Caicos Islands ($X) emerged as the key foreign market for condensed or evaporated milk (unsweetened) exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Haiti ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turks and Caicos Islands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and France (X% per year).

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States ($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 Turks and Caicos Islands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into the Dominican Republic

In 2022, purchases abroad of condensed or evaporated milk (unsweetened) increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk imports skyrocketed to $X in 2022. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Peru (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of unsweetened condensed and evaporated milk imports to the Dominican Republic, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unsweetened condensed and evaporated milk suppliers to the Dominican Republic were Peru ($X), Germany ($X) and Spain ($X), with a combined X% share of total imports.

Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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