Dominican Republic: Pork Market 2024

Pork Market Size in the Dominican Republic

The Dominican pork market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pork Production in the Dominican Republic

In value terms, pork production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The average yield of pork in the Dominican Republic reached X kg per head in 2022, growing by X% on 2021. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The pork yield peaked at X kg per head in 2015; however, from 2016 to 2022, the yield failed to regain momentum.

In 2022, number of animals slaughtered for pork production in the Dominican Republic amounted to X heads, approximately equating the previous year's figure. Over the period under review, the number of producing animals continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The number of animals slaughtered for pork production peaked at X heads in 2017; however, from 2018 to 2022, producing animals remained at a lower figure.

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Pork Exports

Exports from the Dominican Republic

In 2022, overseas shipments of pork were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a precipitous descent. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pork exports soared to $X in 2022. Overall, exports, however, showed a sharp contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for pork exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, pork exports to Italy exceeded the volume sent to the second major destination, Haiti (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (X% per year) and the United States (X% per year).

In value terms, Italy ($X) emerged as the key foreign market for pork exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Haiti (X% per year).

Export Prices by Country

The average pork export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price showed a abrupt decline. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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%).

Pork Imports

Imports into the Dominican Republic

Pork imports into the Dominican Republic soared to X tons in 2022, growing by X% against the year before. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pork imports surged to $X in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main pork supplier to the Dominican Republic, with a X% share of total imports. Moreover, pork imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.

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

In value terms, the United States ($X) constituted the largest supplier of pork to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Canada ($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: Canada (X% per year) and Spain (X% per year).

Import Prices by Country

The average pork import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Canada ($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

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