Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Dominican Republic - 2022
Contents:
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Dominican Republic (CIF) - 2022
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Dominican Republic (FOB) - 2022
- Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Dominican Republic
- Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Dominican Republic
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Dominican Republic (CIF) - 2022
The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $8,338 per ton in 2022, surging by 43% against the previous year. Overall, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 65% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($17,085 per ton), while the price for China ($1,127 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Dominican Republic (FOB) - 2022
In 2022, the average export price for powdered sweetened milk and cream of fat weight content over 1.5% amounted to $1,513 per ton, with an increase of 6.1% against the previous year. Overall, the export price, however, saw a deep slump. The growth pace was the most rapid in 2015 an increase of 90%. Over the period under review, the average export prices attained the maximum at $4,486 per ton in 2017; however, from 2018 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 Guyana ($7,445 per ton), while the average price for exports to the United States ($1,291 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 Guyana (+23.9%), while the prices for the other major destinations experienced a decline.
Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Dominican Republic
In 2022, approx. 5.3 tons of powdered sweetened milk and cream of fat weight content over 1.5% were imported into the Dominican Republic; reducing by -2.1% against 2021. Over the period under review, imports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 99% against the previous year.
In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% soared to $45K in 2022. Overall, imports showed a mild downturn. The growth pace was the most rapid in 2021 with an increase of 144%.
| Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.4 | 8.7 | 12.9 | 16.5 | 4.6% |
| Italy | 29.5 | 3.9 | 5.5 | 11.2 | -27.6% |
| China | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| Spain | 0.6 | 0.2 | 0.1 | 0.1 | -45.0% |
| Others | 1.6 | 0.2 | 13.3 | 16.6 | 118.1% |
| Total | 46.2 | 13.1 | 31.9 | 44.5 | -1.2% |
Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to the Dominican Republic in 2022:
- United States (2.3 tons)
- Italy (0.7 tons)
- China (0.1 tons)
Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Dominican Republic
In 2022, shipments abroad of powdered sweetened milk and cream of fat weight content over 1.5% decreased by -21.6% to 25 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 51%. As a result, the exports attained the peak of 38 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% reduced dramatically to $38K in 2022. In general, exports showed a abrupt curtailment. The smallest decline of -4.1% was in 2020.
| Export of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 54.7 | 51.0 | 42.5 | 31.0 | -17.2% |
| United States | 0.1 | 0.1 | 0.2 | 2.9 | 207.2% |
| Guyana | 1.0 | 1.5 | 1.9 | 2.9 | 42.6% |
| Others | 0.9 | 1.8 | 0.7 | 0.9 | 0.0% |
| Total | 56.7 | 54.4 | 45.2 | 37.6 | -12.8% |
Top Export Markets for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% from the Dominican Republic in 2022:
- Haiti (21.7 tons)
- United States (2.2 tons)
- Guyana (0.4 tons)
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