Dominican Republic: Crispbread Market 2024

Crispbread Market Size in the Dominican Republic

The Dominican crispbread market rose significantly to $X in 2021, increasing by 13% against the previous year. Over the period under review, consumption recorded a strong increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Crispbread Production in the Dominican Republic

In value terms, crispbread production soared to $X in 2021 estimated in export price. Overall, production showed strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 71% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Crispbread Exports

Exports from the Dominican Republic

Crispbread exports from the Dominican Republic skyrocketed to X tons in 2021, picking up by 38% on the previous year. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 380% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, crispbread exports expanded markedly to $X in 2021. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 503%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for crispbread exports from the Dominican Republic, accounting for a 84% share of total exports. Moreover, crispbread exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +4.1%.

In value terms, the United States ($X) remains the key foreign market for crispbread exports from the Dominican Republic, comprising 83% of total exports. The second position in the ranking was held by Canada ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +9.2%.

Export Prices by Country

In 2021, the average crispbread export price amounted to $X per ton, with a decrease of -17.9% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crispbread export price decreased by -33.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.8%).

Crispbread Imports

Imports into the Dominican Republic

Crispbread imports into the Dominican Republic fell to X tons in 2021, with a decrease of -4.3% compared with the previous year. Over the period under review, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2016 with an increase of 71% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, crispbread imports totaled $X in 2021. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 61% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Spain (X tons) and France (X tons) were the main suppliers of crispbread imports to the Dominican Republic, together comprising 98% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +140.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Spain ($X) and France ($X) appeared to be the largest crispbread suppliers to the Dominican Republic, together accounting for 97% of total imports.

Among the main suppliers, France, with a CAGR of +134.8%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average crispbread import price amounted to $X per ton, growing by 7.7% against the previous year. In general, the import price, however, recorded a deep reduction. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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