Dominican Republic: Skim Milk Market 2024

Skim Milk Market Size in the Dominican Republic

The Dominican skim milk market reduced to $X in 2022, almost unchanged from the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Skim milk consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Skim Milk Production in the Dominican Republic

In value terms, skim milk production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Skim Milk Exports

Exports from the Dominican Republic

In 2022, overseas shipments of skim milk decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, exports showed a mild slump. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, skim milk exports contracted dramatically to $X in 2022. Over the period under review, exports saw a slight curtailment. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X tons), Grenada (X tons) and British Virgin Islands (X tons) were the main destinations of skim milk exports from the Dominican Republic, together comprising X% of total exports.

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

In value terms, Grenada ($X), Haiti ($X) and British Virgin Islands ($X) appeared to be the largest markets for skim milk exported from the Dominican Republic worldwide, with a combined X% share of total exports.

Grenada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average skim milk export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid 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 maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Grenada ($X per ton), while the average price for exports to British Virgin Islands ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Skim Milk Imports

Imports into the Dominican Republic

In 2022, approx. X tons of skim milk were imported into the Dominican Republic; with an increase of X% against the year before. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, skim milk imports surged to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest skim milk supplier to the Dominican Republic, with a X% share of total imports. Moreover, skim milk imports from Spain exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and the United States (X% per year).

In value terms, Spain ($X) constituted the largest supplier of skim milk to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and the United States (X% per year).

Import Prices by Country

The average skim milk import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :