Dominican Republic: Meat And Poultry Market 2024

Meat And Poultry Market Size in the Dominican Republic

In 2022, the Dominican meat and poultry market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Meat And Poultry Production in the Dominican Republic

In value terms, meat and poultry production declined modestly to $X in 2022 estimated in export price. In general, production recorded a perceptible decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

The average yield of meat and poultry in the Dominican Republic totaled X kg per head in 2022, remaining stable against the previous year. Overall, the yield showed a mild reduction. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. Over the period under review, the average meat and poultry yield attained the maximum level at X kg per head in 2013; however, from 2014 to 2022, the yield failed to regain momentum.

The number of animals slaughtered for meat and poultry production in the Dominican Republic contracted slightly to X heads in 2022, with a decrease of X% against 2021. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the number of producing animals increased by X%. Over the period under review, this number reached the maximum level at X heads in 2018; however, from 2019 to 2022, producing animals failed to regain momentum.

Meat And Poultry Exports

Exports from the Dominican Republic

After three years of decline, overseas shipments of meat and poultry increased by X% to X tons in 2022. In general, exports, however, showed a abrupt setback. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, meat and poultry exports surged to $X in 2022. Overall, exports enjoyed a tangible increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X tons), Guatemala (X tons) and the United States (X tons) were the main destinations of meat and poultry exports from the Dominican Republic, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X) remains the key foreign market for meat and poultry exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by El Salvador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Guatemala totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and El Salvador (X% per year).

Export Prices by Country

The average meat and poultry export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Haiti ($X 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 the United States (X%), while the prices for the other major destinations experienced a decline.

Meat And Poultry Imports

Imports into the Dominican Republic

In 2022, approx. X tons of meat and poultry were imported into the Dominican Republic; increasing by X% compared with 2021 figures. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, meat and poultry imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of meat and poultry to the Dominican Republic, accounting for a X% share of total imports. Moreover, meat and poultry imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold.

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

In value terms, the United States ($X) constituted the largest supplier of meat and poultry to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports.

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

Import Prices by Country

The average meat and poultry import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :