Dominican Republic: Artificial Guts Market 2024

Artificial Guts Market Size in the Dominican Republic

The Dominican artificial guts market contracted remarkably to $X in 2022, waning by -16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Artificial Guts Exports

Exports from the Dominican Republic

In 2022, overseas shipments of artificial guts (sausage skins) decreased by -1.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 156% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, artificial guts exports shrank rapidly to $X in 2022. In general, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 210%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X kg), Costa Rica (X kg) and the United States (X kg) were the main destinations of artificial guts exports from the Dominican Republic, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Haiti (with a CAGR of +92.7%), while the other leaders experienced more modest paces of growth.

In value terms, Haiti ($X) emerged as the key foreign market for artificial guts (sausage skins) exports from the Dominican Republic, comprising 58% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti stood at +141.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+50.9% per year) and Costa Rica (+109.3% per year).

Export Prices by Country

In 2022, the average artificial guts export price amounted to $X per ton, which is down by -18.9% against the previous year. Overall, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 96% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Costa Rica ($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 Haiti (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Guts Imports

Imports into the Dominican Republic

Artificial guts imports into the Dominican Republic contracted remarkably to X tons in 2022, which is down by -29.6% on 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 81% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, artificial guts imports declined to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 51% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X tons) constituted the largest artificial guts supplier to the Dominican Republic, accounting for a 48% share of total imports. Moreover, artificial guts imports from Mexico exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.3% per year) and Belgium (+48.8% per year).

In value terms, Mexico ($X) constituted the largest supplier of artificial guts (sausage skins) to the Dominican Republic, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Spain, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Mexico stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.1% per year) and Spain (+36.2% per year).

Import Prices by Country

In 2022, the average artificial guts import price amounted to $X per ton, jumping by 27% against the previous year. In general, the import price showed a modest increase. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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