Dominican Republic - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBreakfast Cereal Price in the Dominican Republic - 2023
Contents:
- Breakfast Cereal Price in the Dominican Republic (CIF) - 2023
- Breakfast Cereal Price in the Dominican Republic (FOB) - 2022
- Breakfast Cereal Imports in the Dominican Republic
- Breakfast Cereal Exports in the Dominican Republic
Breakfast Cereal Price in the Dominican Republic (CIF) - 2023
The average breakfast cereal import price stood at $2,443 per ton in March 2023, which is down by -11.2% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 34% against the previous month. As a result, import price reached the peak level of $3,230 per ton. From February 2023 to March 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Honduras ($4,579 per ton), while the price for the United States ($1,775 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Honduras (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Breakfast Cereal Price in the Dominican Republic (FOB) - 2022
The average breakfast cereal export price stood at $1,845 per ton in 2022, declining by -5.6% against the previous year. In general, the export price showed a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs at $4,379 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Barbados ($2,628 per ton), while the average price for exports to Spain ($689 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 Haiti (+1.0%), while the prices for the other major destinations experienced a decline.
Breakfast Cereal Imports in the Dominican Republic
In 2022, approx. 25K tons of breakfast cereals were imported into the Dominican Republic; growing by 1.9% against 2021. The total import volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 7.3% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, breakfast cereal imports skyrocketed to $62M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Breakfast Cereal in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | 0.9 | 1.3 | 9.5 | 16.5 | 163.7% |
United States | 13.5 | 12.7 | 14.2 | 15.5 | 4.7% |
Trinidad and Tobago | 7.8 | 9.6 | 8.9 | 11.2 | 12.8% |
Guatemala | 6.3 | 8.2 | 6.6 | 9.0 | 12.6% |
Mexico | 4.3 | 5.9 | 4.6 | 5.5 | 8.6% |
El Salvador | 2.1 | 1.2 | 1.6 | 0.8 | -27.5% |
Others | 2.6 | 2.2 | 2.5 | 3.1 | 6.0% |
Total | 37.4 | 41.1 | 47.8 | 61.7 | 18.2% |
Top Suppliers of Breakfast Cereal to the Dominican Republic in 2022:
- United States (7.9K tons)
- Trinidad and Tobago (5.7K tons)
- Honduras (4.2K tons)
- Guatemala (3.9K tons)
- Mexico (1.5K tons)
- El Salvador (0.2K tons)
Breakfast Cereal Exports in the Dominican Republic
In 2022, shipments abroad of breakfast cereals decreased by -53.4% to 282 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, the exports attained the peak of 993 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, breakfast cereal exports fell dramatically to $519K in 2022. In general, exports recorded a precipitous slump. The smallest decline of -13.4% was in 2021.
Export of Breakfast Cereal in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Haiti | 231 | 634 | 363 | 181 | -7.8% |
Guyana | 93.9 | 47.3 | 174 | 145 | 15.6% |
Jamaica | 463 | 373 | 298 | 111 | -37.9% |
Spain | 11.1 | 0.4 | 41.7 | 17.4 | 16.2% |
Barbados | 23.5 | 21.9 | 23.9 | 16.5 | -11.1% |
United States | 277 | 187 | 184 | 13.6 | -63.4% |
Curacao | 1.6 | 1.6 | 9.9 | 13.3 | 102.6% |
Venezuela | 232 | 3.5 | 0.1 | N/A | -97.9% |
Others | 313 | 94.8 | 86.9 | 20.7 | -59.6% |
Total | 1,645 | 1,363 | 1,181 | 519 | -31.9% |
Top Export Markets for Breakfast Cereal from the Dominican Republic in 2022:
- Haiti (112.9 tons)
- Guyana (58.3 tons)
- Jamaica (53.5 tons)
- Spain (25.3 tons)
- United States (9.8 tons)
- Curacao (6.5 tons)
- Barbados (6.3 tons)
This report provides an in-depth analysis of the breakfast cereal 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 2030.
Product coverage:
- Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
- Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
- Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the breakfast cereal market in the Dominican Republic.
This report provides an in-depth analysis of the market for corn flakes and cereal products in the Dominican Republic.
This report provides an in-depth analysis of the global breakfast cereal market.
Global Muesli Market Report 2018. This report provides an in-depth analysis of the global muesli market.
Global Precooked Cereal Grains Market Report 2018. This report provides an in-depth analysis of the global precooked cereal grains market.
This report provides an in-depth analysis of the global market for corn flakes and cereal products.
This report provides an in-depth analysis of the breakfast cereal market in the Dominican Republic.
This report provides an in-depth analysis of the global breakfast cereal market.
Global Muesli Market Report 2018. This report provides an in-depth analysis of the global muesli market.
Global Precooked Cereal Grains Market Report 2018. This report provides an in-depth analysis of the global precooked cereal grains market.
Discover the world's leading import markets for breakfast cereal and the key statistics behind their success. From the US to Sweden, find out where the demand for breakfast cereal is booming!
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