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Dominican Republic - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDominican Republic: Market for Yoghurt and Fermented Milk 2024
Market Size for Yoghurt and Fermented Milk in the Dominican Republic
In 2023, the Dominican yoghurt and fermented milk market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, recorded a noticeable setback. Yoghurt and fermented milk consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.
Exports of Yoghurt and Fermented Milk
Exports from the Dominican Republic
In 2023, shipments abroad of yoghurt and fermented milk was finally on the rise to reach X kg for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a sharp reduction. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.
In value terms, yoghurt and fermented milk exports skyrocketed to $X in 2023. In general, exports, however, continue to indicate a dramatic downturn. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.
Exports by Country
The United States (X kg) was the main destination for yoghurt and fermented milk exports from the Dominican Republic, accounting for a X% share of total exports. It was followed by France (X kg), with a X% share of total exports. The third position in this ranking was held by Spain (X kg), with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Spain (X% per year).
In value terms, the United States ($X) emerged as the key foreign market for yoghurt and fermented milk exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by France, with an X% share.
From 2012 to 2023, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and France (X% per year).
Export Prices by Country
The average yoghurt and fermented milk export price stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the export price, however, recorded a tangible increase. The growth pace was the most rapid in 2022 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Curacao ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yoghurt and Fermented Milk
Imports into the Dominican Republic
In 2023, purchases abroad of yoghurt and fermented milk was finally on the rise to reach X tons after three years of decline. Overall, imports, however, saw a abrupt decline. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.
In value terms, yoghurt and fermented milk imports skyrocketed to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, the United States (X tons) constituted the largest supplier of yoghurt and fermented milk to the Dominican Republic, with a X% share of total imports. Moreover, yoghurt and fermented milk imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2023, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Spain (X% per year).
In value terms, the United States ($X) constituted the largest supplier of yoghurt and fermented milk to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports. It was followed by Spain, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value 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).
Import Prices by Country
In 2023, the average yoghurt and fermented milk import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated resilient growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, yoghurt and fermented milk import price increased by X% against 2019 indices. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2023 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($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 more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for yoghurt and fermented milk 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:
- FCL 891 - Yoghurt
- FCL 892 - Yoghurt, Concentrated or Unconcent
- FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
- FCL 899 - Dry Buttermilk
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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
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