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The United States is a major trading partner with the Dominican Republic (DR). The DR is the largest economy in the Caribbean and the seventh-largest economy in Latin America. Since the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) went into effect for the DR in 2007, U.S. agricultural exports to the DR have increased from $1 billion in 2007 to $2 billion in 2024.
Post forecasts demand for dairy products to increase 2 percent to 3 million metric tons (MMT) in liquid milk equivalent (LME) in 2025.
Fueled by Filipinos' fondness for food indulgences, rising disposable incomes, and increasing urbanization, the $1.2 billion confectionery and ice cream market is expected to see robust growth of eight percent annually through 2028.
The Dominican Republic, through its Ministry of Industry, Commerce and SME’s (MICM), announced the activation of the CAFTA-DR agricultural safeguard measure for imports of mozzarella cheese from the United States on May 22, 2024.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
FAS Manila forecasts demand for dairy products to increase 3 percent to 3.5 million metric tons (MT) in liquid milk equivalent (LME) in 2024, as high prices slow growth in consumer demand. The Philippines imports 99 percent of its dairy requirement...
The Dominican Republic, through its Ministry of Industry, Commerce and SME’s (MICM), announced the activation of the CAFTA-DR agricultural safeguard measure for imports of mozzarella cheese from the United States on May 31, 2023.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
FAS Manila forecasts demand for dairy products to increase 3 percent in 2023, the same percentage of increase as 2022, with a total demand of 3 million metric tons (MT) in liquid milk equivalent (LME). The Philippines imports 99 percent of its dairy requirement, as domestic production cannot meet demand. Following demand increases, dairy imports will recover in 2023 as the economy improves, most of the population is vaccinated, and customers return to restaurants.
The Philippines supplies only one percent of its total dairy requirement, which makes it a competitive market for imported dairy products. The United States and New Zealand are the top two suppliers, the U.S. being the leader. Post sees overall dairy imports recovering in 2022, as the economy reopens, most of the population becomes vaccinated, and business operations expand, all of which will accelerate dairy consumption.
The Philippines is the eighth largest market for U.S. agricultural exports and the top market in Southeast Asia. Already a longstanding and reliable trading partner, the Philippines continues to offer many opportunities for exporters because of its young and growing population and rising household income.