Dominican Republic: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in the Dominican Republic

In 2022, the Dominican sheep and goat meat market was finally on the rise to reach $X after five years of decline. In general, consumption, however, saw a relatively flat trend pattern. Sheep and goat meat consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Sheep And Goat Meat in the Dominican Republic

In value terms, sheep and goat meat production shrank slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Sheep and goat meat production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of sheep and goat meat in the Dominican Republic dropped modestly to X kg per head in 2022, approximately equating the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the yield increased by X% against the previous year. The sheep and goat meat yield peaked at X kg per head in 2021, and then reduced in the following year.

In 2022, number of animals slaughtered for sheep and goat meat production in the Dominican Republic was estimated at X heads, approximately mirroring the previous year. Over the period under review, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the number of animals produced reached the peak level of X heads. From 2014 to 2022, the growth of this number remained at a lower figure.

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Exports of Sheep And Goat Meat

Exports from the Dominican Republic

In 2022, shipments abroad of sheep and goat meat was finally on the rise to reach X kg after two years of decline. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports surged to $X in 2022. Overall, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Haiti (X kg) and the United States (X kg) were the main destinations of sheep and goat meat exports from the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti stood at X%.

Export Prices by Country

In 2022, the average sheep and goat meat export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 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 stood at a somewhat lower figure.

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

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

Imports of Sheep And Goat Meat

Imports into the Dominican Republic

In 2022, overseas purchases of sheep and goat meat were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports surged to $X in 2022. In general, imports saw resilient growth. 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 sheep and goat meat supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, sheep and goat 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 ($X) constituted the largest supplier of sheep and goat meat to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to 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 sheep and goat meat import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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 the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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