Dominican Republic: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in the Dominican Republic

In 2022, the Dominican lamb and sheep meat market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Lamb and sheep meat consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Lamb and Sheep Meat in the Dominican Republic

In value terms, lamb and sheep meat production declined significantly to $X in 2022 estimated in export price. Overall, production recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Lamb and sheep meat production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of lamb and sheep meat in the Dominican Republic stood at X kg per head, almost unchanged from the previous year. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the average lamb and sheep meat yield hit record highs at X kg per head in 2016; however, from 2017 to 2022, the yield stood at a somewhat lower figure.

The number of animals slaughtered for lamb and sheep meat production in the Dominican Republic dropped to X heads in 2022, almost unchanged from the year before. Over the period under review, the number of producing animals, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2021, and then dropped modestly in the following year.

Exports of Lamb and Sheep Meat

Exports from the Dominican Republic

In 2022, after two years of growth, there was significant decline in shipments abroad of lamb and sheep meat, when their volume decreased by X% to X kg. Overall, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at X kg in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, lamb and sheep meat exports dropped rapidly to $X in 2022. Over the period under review, exports showed a slight contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for lamb and sheep meat exports from the Dominican Republic, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%.

In value terms, the United States ($X) also remains the key foreign market for lamb and sheep meat exports from the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price faced a deep setback. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to X% per year.

Imports of Lamb and Sheep Meat

Imports into the Dominican Republic

In 2022, after three years of decline, there was significant growth in overseas purchases of lamb and sheep meat, when their volume increased by X% to X tons. Overall, imports enjoyed a prominent expansion. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, lamb and sheep meat imports skyrocketed to $X in 2022. Over the period under review, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest lamb and sheep meat supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, lamb and sheep meat imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and the United States (X% per year).

In value terms, Australia ($X) constituted the largest supplier of lamb and sheep meat to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average lamb and sheep meat import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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