Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Dominican Republic - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Dominican Republic (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Dominican Republic (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in the Dominican Republic
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in the Dominican Republic
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Dominican Republic (CIF) - 2023
The average import price for fresh or chilled boneless cuts of bovine meat stood at $13,353 per ton in March 2023, increasing by 29% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 30% m-o-m. As a result, import price reached the peak level of $14,094 per ton. From January 2023 to March 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From March 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to +0.7% per month.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in the Dominican Republic (FOB) - 2022
In 2022, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $9,159 per ton, surging by 13% against the previous year. Over the period under review, the export price showed notable growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 161%. Over the period under review, the average export prices attained the maximum at $13,379 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($13,156 per ton), while the average price for exports to the United States ($6,490 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 El Salvador (+63.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in the Dominican Republic
Imports of fresh or chilled boneless cuts of bovine meat into the Dominican Republic rose significantly to 699 tons in 2022, picking up by 7.6% on 2021. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 96% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of fresh or chilled boneless cuts of bovine meat shrank to $8.3M in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 109%. As a result, imports attained the peak of $8.5M, and then fell modestly in the following year.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.2 | 4.1 | 8.5 | 8.2 | 25.0% |
| Guatemala | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.2 | 4.1 | 8.5 | 8.3 | 25.5% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to the Dominican Republic in 2022:
- United States (679.1 tons)
- Guatemala (19.6 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in the Dominican Republic
After two years of decline, shipments abroad of fresh or chilled boneless cuts of bovine meat increased by 11,833% to 1.1 tons in 2022. Overall, exports, however, continue to indicate a dramatic shrinkage.
In value terms, exports of fresh or chilled boneless cuts of bovine meat skyrocketed to $9.8K in 2022. In general, exports, however, showed a significant contraction.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 38.9 | 4.7 | N/A | 4.5 | -51.3% |
| Haiti | 12.7 | 0.3 | N/A | 2.8 | -39.6% |
| United States | 30.1 | 13.1 | N/A | 2.5 | -56.4% |
| Guatemala | 159 | N/A | N/A | N/A | 0% |
| El Salvador | 108 | 1.5 | N/A | N/A | -98.6% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 349 | 19.6 | 0.1 | 9.8 | -69.6% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from the Dominican Republic in 2022:
- United States (392.0 kg)
- Haiti (342.0 kg)
- Spain (340.0 kg)
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