Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the Dominican Republic - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the Dominican Republic (CIF) - 2023
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the Dominican Republic (FOB) - 2022
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in the Dominican Republic
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in the Dominican Republic
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the Dominican Republic (CIF) - 2023
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $3,355 per ton in March 2023, picking up by 2.8% against the previous month. Over the period under review, the import price continues to indicate a temperate expansion. The growth pace was the most rapid in August 2022 when the average import price increased by 58% m-o-m. Over the period under review, average import prices reached the maximum in March 2023.
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 +4.7% per month.
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in the Dominican Republic (FOB) - 2022
In 2022, the average export price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $1,630 per ton, picking up by 2.2% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 3.8%. As a result, the export price reached the peak level of $1,667 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From 2017 to 2022, the rate of growth in terms of prices for Haiti amounted to +1.3% per year.
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in the Dominican Republic
In 2022, approx. 700 tons of poultry fat; other than that of heading 0209 or 1503 meat were imported into the Dominican Republic; with an increase of 31% on 2021 figures. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat soared to $1.5M in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 655 | 840 | 509 | 1,465 | 30.8% |
| Italy | 93.5 | 103 | 142 | N/A | 23.2% |
| Others | 98.3 | 107 | 143 | N/A | 20.6% |
| Total | 847 | 1,050 | 794 | 1,465 | 20.0% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to the Dominican Republic in 2022:
- United States (699.7 tons)
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in the Dominican Republic
In 2022, approx. 162 tons of poultry fat; other than that of heading 0209 or 1503 meat were exported from the Dominican Republic; dropping by -7.7% on the year before. Overall, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat fell to $265K in 2022. Over the period under review, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 288 | 195 | 281 | 265 | -2.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 288 | 195 | 281 | 265 | -2.7% |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from the Dominican Republic in 2022:
- Haiti (162.4 tons)
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