Price for Cheese of All Kinds, Grated or Powdered in the Dominican Republic - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in the Dominican Republic (CIF) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in the Dominican Republic (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in the Dominican Republic
- Exports of Cheese of All Kinds, Grated or Powdered in the Dominican Republic
Price for Cheese of All Kinds, Grated or Powdered in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for cheese of all kinds, grated or powdered amounted to $6,610 per ton, increasing by 3.4% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in November 2022 an increase of 10% against the previous month. Over the period under review, average import prices hit record highs at $6,670 per ton in July 2022; however, from August 2022 to March 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($6,878 per ton), while the price for Austria ($5,596 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 France (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in the Dominican Republic (FOB) - 2022
The average export price for cheese of all kinds, grated or powdered stood at $6,608 per ton in 2022, declining by -13.2% against the previous year. Over the period under review, the export price recorded a noticeable setback. The growth pace was the most rapid in 2020 when the average export price increased by 48% against the previous year. The export price peaked at $9,361 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for British Virgin Islands.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +16.7% per year.
Imports of Cheese of All Kinds, Grated or Powdered in the Dominican Republic
In 2022, approx. 4.2K tons of cheese of all kinds, grated or powdered were imported into the Dominican Republic; with an increase of 19% on the previous year's figure. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of cheese of all kinds, grated or powdered surged to $25M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cheese of All Kinds, Grated or Powdered in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.0 | 10.7 | 12.5 | 19.8 | 21.6% |
| United Kingdom | 1.3 | 1.1 | 1.9 | 2.6 | 26.0% |
| France | 0.3 | 0.2 | 1.0 | 1.4 | 67.1% |
| Poland | N/A | 0.1 | 0.8 | 0.5 | 123.6% |
| Spain | 0.3 | 0.1 | 0.2 | 0.5 | 18.6% |
| Belgium | N/A | N/A | 0.2 | 0.3 | 50.0% |
| New Zealand | 1.0 | 0.9 | 1.5 | N/A | 22.5% |
| Others | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Total | 14.0 | 13.3 | 18.2 | 25.2 | 21.6% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to the Dominican Republic in 2022:
- United States (3099.6 tons)
- United Kingdom (494.0 tons)
- France (280.7 tons)
- Spain (109.7 tons)
- Poland (95.4 tons)
- Belgium (67.2 tons)
Exports of Cheese of All Kinds, Grated or Powdered in the Dominican Republic
Exports of cheese of all kinds, grated or powdered from the Dominican Republic skyrocketed to 120 kg in 2022, jumping by 60% against 2021 figures. Over the period under review, total exports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cheese of all kinds, grated or powdered soared to $793 in 2022. The total export value increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cheese of All Kinds, Grated or Powdered in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| British Virgin Islands | N/A | N/A | N/A | 793 | 0% |
| Barbados | N/A | 22.0 | N/A | N/A | 0% |
| Russia | 52.0 | N/A | N/A | N/A | 0% |
| Spain | 93.0 | 203 | 183 | N/A | 40.3% |
| Germany | 117 | 286 | 288 | N/A | 56.9% |
| Guatemala | 277 | N/A | N/A | N/A | 0% |
| United Kingdom | 25.0 | 68.0 | 77.0 | N/A | 75.5% |
| Mexico | 38.0 | N/A | N/A | N/A | 0% |
| United States | 11.0 | 2.0 | 8.0 | N/A | -14.7% |
| Others | 21.0 | 15.0 | 15.0 | N/A | -15.5% |
| Total | 634 | 596 | 571 | 793 | 7.7% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from the Dominican Republic in 2022:
- British Virgin Islands (120.0 kg)
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