Price for Meat of Bovine Animals; Frozen in the Dominican Republic - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in the Dominican Republic (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in the Dominican Republic (FOB) - 2023
- Imports of Meat of Bovine Animals; Frozen in the Dominican Republic
- Exports of Meat of Bovine Animals; Frozen in the Dominican Republic
Price for Meat of Bovine Animals; Frozen in the Dominican Republic (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $12,541 per ton in March 2023, remaining relatively unchanged against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 21% against the previous month. Over the period under review, average import prices hit record highs at $14,696 per ton in July 2022; however, from August 2022 to March 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($13,232 per ton), while the price for Nicaragua totaled $5,314 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.0%).
Price for Meat of Bovine Animals; Frozen in the Dominican Republic (FOB) - 2023
The average export price for meat of bovine animals; frozen stood at $6,022 per ton in March 2023, surging by 29% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.2%. The export price peaked at $6,365 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 Meat of Bovine Animals; Frozen in the Dominican Republic
In 2022, the amount of meat of bovine animals; frozen imported into the Dominican Republic shrank notably to 11K tons, waning by -29.1% on the previous year. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 141% against the previous year. As a result, imports attained the peak of 16K tons, and then declined remarkably in the following year.
In value terms, meat of bovine animals; frozen imports declined dramatically to $46M in 2022. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 159% against the previous year. As a result, imports attained the peak of $67M, and then declined dramatically in the following year.
| Import of Meat of Bovine Animals; Frozen in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 53.2 | 23.2 | 61.5 | 45.0 | -5.4% |
| Germany | 2.3 | 0.9 | 1.2 | 1.1 | -21.8% |
| Others | 0.1 | 1.6 | 4.0 | 0.1 | 0.0% |
| Total | 55.7 | 25.7 | 66.7 | 46.2 | -6.0% |
Top Suppliers of Meat of Bovine Animals; Frozen to the Dominican Republic in 2022:
- United States (10.7K tons)
- Germany (0.4K tons)
Exports of Meat of Bovine Animals; Frozen in the Dominican Republic
Meat of bovine animals; frozen exports from the Dominican Republic shrank dramatically to 699 tons in 2022, reducing by -16.6% compared with 2021. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of 838 tons, and then shrank markedly in the following year.
In value terms, meat of bovine animals; frozen exports dropped dramatically to $3M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 56%. As a result, the exports reached the peak of $3.6M, and then shrank markedly in the following year.
| Export of Meat of Bovine Animals; Frozen in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 576 | 612 | 2,468 | 1,914 | 49.2% |
| El Salvador | 1,397 | 1,425 | 638 | 665 | -21.9% |
| China | 206 | 237 | 390 | 302 | 13.6% |
| Haiti | 149 | 1.0 | 87.5 | 67.9 | -23.0% |
| Others | 161 | 66.3 | 65.0 | 45.7 | -34.3% |
| Total | 2,489 | 2,341 | 3,648 | 2,995 | 6.4% |
Top Export Markets for Meat of Bovine Animals; Frozen from the Dominican Republic in 2022:
- Guatemala (516.2 tons)
- El Salvador (130.6 tons)
- China (31.8 tons)
- Haiti (17.5 tons)
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