Dominican Republic: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in the Dominican Republic

After three years of growth, the Dominican butter and dairy spreads market decreased by X% to $X in 2023. Over the period under review, consumption showed a buoyant increase. Butter and dairy spreads consumption peaked at $X in 2022, and then shrank markedly in the following year.

Production of Butter And Dairy Spreads in the Dominican Republic

In value terms, butter and dairy spreads production shrank dramatically to $X in 2023 estimated in export price. Over the period under review, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Butter and dairy spreads production peaked at $X in 2022, and then shrank notably in the following year.

Exports of Butter And Dairy Spreads

Exports from the Dominican Republic

In 2023, approx. X tons of butter and dairy spreads were exported from the Dominican Republic; which is down by X% compared with the previous year's figure. Overall, exports, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, butter and dairy spreads exports declined sharply to $X in 2023. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Haiti (X tons) and Spain (X kg) were the main destinations of butter and dairy spreads exports from the Dominican Republic, with a combined X% share of total exports. France and Panama lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for France (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for butter and dairy spreads exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Haiti ($X), with an X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and Spain (X% per year).

Export Prices by Country

In 2023, the average butter and dairy spreads export price amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Haiti ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into the Dominican Republic

After two years of decline, supplies from abroad of butter and dairy spreads increased by X% to X tons in 2023. Overall, imports saw a strong increase. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, butter and dairy spreads imports surged to $X in 2023. Over the period under review, imports recorded a strong expansion. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of butter and dairy spreads imports to the Dominican Republic, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Poland ($X) appeared to be the largest butter and dairy spreads suppliers to the Dominican Republic, with a combined X% share of total imports.

Among the main suppliers, Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average butter and dairy spreads import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price continues to indicate prominent growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2023 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were France ($X per ton) and the United States ($X per ton), while the price for Poland ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform