Price for Frozen Boneless Cuts of Bovine Meat in the Dominican Republic - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in the Dominican Republic (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in the Dominican Republic (FOB) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in the Dominican Republic
- Exports of Frozen Boneless Cuts of Bovine Meat in the Dominican Republic
Price for Frozen Boneless Cuts of Bovine Meat in the Dominican Republic (CIF) - 2023
The average import price for frozen boneless cuts of bovine meat stood at $12,409 per ton in March 2023, reducing by -1.5% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 19% m-o-m. The import price peaked at $14,673 per ton in July 2022; however, from August 2022 to March 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($13,093 per ton), while the price for Nicaragua stood at $5,314 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Nicaragua (-0.1%).
Price for Frozen Boneless Cuts of Bovine Meat in the Dominican Republic (FOB) - 2023
The average export price for frozen boneless cuts of bovine meat stood at $6,018 per ton in March 2023, jumping by 29% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The export price peaked at $6,368 per ton in January 2023; however, from February 2023 to March 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was Italy ($10,099 per ton), while the average price for exports to Guatemala ($4,560 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Boneless Cuts of Bovine Meat in the Dominican Republic
In 2022, approx. 6.3K tons of frozen boneless cuts of bovine meat were imported into the Dominican Republic; increasing by 28% compared with 2021. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 120%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of frozen boneless cuts of bovine meat surged to $85M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 185%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Frozen Boneless Cuts of Bovine Meat in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 38.3 | 21.8 | 60.1 | 83.6 | 29.7% |
| Nicaragua | N/A | 0.1 | 3.0 | 1.3 | 260.6% |
| Others | N/A | 0.3 | 0.1 | N/A | -66.7% |
| Total | 38.3 | 22.2 | 63.1 | 84.9 | 30.4% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to the Dominican Republic in 2022:
- United States (6.1K tons)
- Nicaragua (0.2K tons)
Exports of Frozen Boneless Cuts of Bovine Meat in the Dominican Republic
In 2022, the amount of frozen boneless cuts of bovine meat exported from the Dominican Republic surged to 1.3K tons, increasing by 74% against the year before. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 120%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of frozen boneless cuts of bovine meat skyrocketed to $6.4M in 2022. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 145% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Frozen Boneless Cuts of Bovine Meat in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 537 | 702 | 2,535 | 5,199 | 113.1% |
| El Salvador | 276 | 634 | 289 | 630 | 31.7% |
| United States | 5.9 | 0.7 | 58.6 | 595 | 365.5% |
| Haiti | 163 | 1.2 | N/A | N/A | -99.3% |
| China | N/A | N/A | 400 | N/A | 0% |
| Others | N/A | N/A | N/A | 17.1 | 0% |
| Total | 982 | 1,338 | 3,282 | 6,442 | 87.2% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from the Dominican Republic in 2022:
- Guatemala (1084.2 tons)
- El Salvador (111.9 tons)
- United States (82.6 tons)
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