Dominican Republic: Yoghurt Market 2024

Yoghurt Market Size in the Dominican Republic

The Dominican yoghurt market reached $X in 2023, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Yoghurt Exports

Exports from the Dominican Republic

In 2023, after three years of decline, there was significant growth in shipments abroad of yoghurt, when their volume increased by X% to X tons. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, yoghurt exports surged to $X in 2023. Over the period under review, exports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for yoghurt exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, yoghurt exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. Curacao (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for yoghurt exported from the Dominican Republic were Haiti ($X), France ($X) and Spain ($X), with a combined X% share of total exports.

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

Export Prices by Country

In 2023, the average yoghurt export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

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 Curacao (X%), while the prices for the other major destinations experienced more modest paces of growth.

Yoghurt Imports

Imports into the Dominican Republic

In 2023, the amount of yoghurt imported into the Dominican Republic expanded modestly to X tons, growing by X% compared with the year before. Over the period under review, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, yoghurt imports reached $X in 2023. In general, imports, however, saw a deep setback. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of yoghurt to the Dominican Republic, with a X% share of total imports. Moreover, yoghurt imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), tenfold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Spain (X% per year).

In value terms, the United States ($X) constituted the largest supplier of yoghurt to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Spain (X% per year).

Import Prices by Country

The average yoghurt import price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2023, 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 ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, 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