Dominican Republic: Animal Feed Market 2024

Animal Feed Market Size in the Dominican Republic

The Dominican animal feed market was estimated at $X in 2022, surging by 1.7% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.6% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Animal Feed Production in the Dominican Republic

In value terms, animal feed production shrank modestly to $X in 2022 estimated in export price. In general, production recorded a buoyant increase. The growth pace was the most rapid in 2018 when the production volume increased by 67%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Animal Feed Exports

Exports from the Dominican Republic

In 2022, shipments abroad of animal and pet feed decreased by -53.6% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 622% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, animal feed exports shrank sharply to $X in 2022. Overall, exports saw a deep setback. The growth pace was the most rapid in 2018 when exports increased by 528% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for animal feed exports from the Dominican Republic, with a 66% share of total exports. Moreover, animal feed exports to Haiti exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. The third position in this ranking was held by the United States (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti stood at +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+15.7% per year) and the United States (+21.5% per year).

In value terms, Haiti ($X) remains the key foreign market for animal and pet feed exports from the Dominican Republic, comprising 50% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports. It was followed by the United Arab Emirates, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti totaled +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+35.9% per year) and the United Arab Emirates (-24.8% per year).

Export Prices by Country

In 2022, the average animal feed export price amounted to $X per ton, increasing by 35% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to the United Arab Emirates ($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 Venezuela (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of animal and pet feed increased by 8% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, saw a abrupt decrease. The growth pace was the most rapid in 2014 when imports increased by 18% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, animal feed imports surged to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Mexico (X tons) and Spain (X tons) were the main suppliers of animal feed imports to the Dominican Republic, with a combined 42% share of total imports. Colombia, France, El Salvador, China, Ecuador, Guatemala, Argentina, Brazil, the Netherlands and Turkey lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by El Salvador (with a CAGR of +96.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of animal and pet feed to the Dominican Republic, comprising 20% of total imports. The second position in the ranking was taken by Mexico ($X), with a 9.3% share of total imports. It was followed by France, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+12.1% per year) and France (+4.3% per year).

Import Prices by Country

In 2022, the average animal feed import price amounted to $X per ton, growing by 16% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, animal feed import price increased by +87.4% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 58%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($X per ton), while the price for El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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