Dominican Republic: Preserved Turkey Market 2024

Preserved Turkey Market Size in the Dominican Republic

The Dominican preserved turkey market reached $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Preserved turkey consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Preserved Turkey Production in the Dominican Republic

In value terms, preserved turkey production rose modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Preserved turkey production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Preserved Turkey Exports

Exports from the Dominican Republic

In 2022, overseas shipments of prepared or preserved meat or offal of turkeys increased by X% to X kg for the first time since 2015, thus ending a six-year declining trend. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved turkey exports soared to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X kg) was the main destination for preserved turkey exports from the Dominican Republic, with a X% share of total exports. Moreover, preserved turkey exports to Germany exceeded the volume sent to the second major destination, Mexico (X kg), twofold. The United States (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the United States (X% per year).

In value terms, Mexico ($X), Germany ($X) and Haiti ($X) were the largest markets for preserved turkey exported from the Dominican Republic worldwide, together accounting for X% of total exports. The United States lagged somewhat behind, comprising a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average preserved turkey export price amounted to $X per ton, waning by X% against the previous year. In general, the export price showed a deep slump. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States ($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 Panama (X%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Turkey Imports

Imports into the Dominican Republic

In 2022, approx. X tons of prepared or preserved meat or offal of turkeys were imported into the Dominican Republic; with an increase of X% on 2021. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, preserved turkey imports soared to $X in 2022. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons) and the United States (X tons) were the main suppliers of preserved turkey imports to the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%).

In value terms, Spain ($X) and the United States ($X) were the largest preserved turkey suppliers to the Dominican Republic.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average preserved turkey import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue 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 Spain stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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