Report Update Nov 1, 2024

Dominican Republic - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Bacon And Ham Market 2024

Bacon And Ham Market Size in the Dominican Republic

In 2022, the Dominican bacon and ham market increased by 59% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a buoyant increase. Bacon and ham consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Bacon And Ham Exports

Exports from the Dominican Republic

In 2022, the amount of bacon, ham and other dried, salted or smoked pig meat exported from the Dominican Republic declined rapidly to X kg, falling by -25.1% against 2021. Overall, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 1,430% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, bacon and ham exports shrank remarkably to $X in 2022. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 737%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

British Virgin Islands (X kg), the United States (X kg) and Italy (X kg) were the main destinations of bacon and ham exports from the Dominican Republic, together accounting for 73% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +39.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Haiti ($X), British Virgin Islands ($X) and the United States ($X) were the largest markets for bacon and ham exported from the Dominican Republic worldwide, with a combined 75% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +25.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, shrinking by -28% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 122% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while the average price for exports to Italy ($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 Haiti (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.

Bacon And Ham Imports

Imports into the Dominican Republic

In 2022, purchases abroad of bacon, ham and other dried, salted or smoked pig meat increased by 38% to X tons, rising for the second year in a row after two years of decline. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 57%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, bacon and ham imports soared to $X in 2022. Overall, imports showed a remarkable increase. As a result, imports reached 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 supplier of bacon and ham to the Dominican Republic, accounting for a 97% share of total imports. It was followed by Spain (X tons), with a 3.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +13.7%.

In value terms, the United States ($X) constituted the largest supplier of bacon, ham and other dried, salted or smoked pig meat to the Dominican Republic, comprising 97% of total imports. The second position in the ranking was held by Spain ($X), with a 3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +18.5%.

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, picking up by 21% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bacon and ham import price increased by +72.0% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 21% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bacon, ham and other dried, salted or smoked pig meat in the world?

The countries with the highest volumes of in 2021 were the United States, Germany and Italy, with a combined 42% share of global consumption. These countries were followed by the UK, Brazil, Mexico, Spain, Japan, France, Poland, Ireland and South Korea, which together accounted for a further 45%.

What are the largest producers of bacon, ham and other dried, salted or smoked pig meat in the world?

The countries with the highest volumes of in 2021 were the United States, Italy and Germany, together accounting for 44% of global production. The UK, Brazil, Spain, Mexico, Japan, France, Poland, Ireland, the Netherlands and South Korea lagged somewhat behind, together comprising a further 44%.

What are the leading suppliers of bacon, ham and other dried, salted or smoked pig meat to the Dominican Republic?

In value terms, the United States constituted the largest supplier of bacon and ham to the Dominican Republic, comprising 85% of total imports. The second position in the ranking was occupied by Spain, with a 6.3% share of total imports. It was followed by Canada, with a 4.9% share.

What are the leading importers of bacon, ham and other dried, salted or smoked pig meat from the Dominican Republic?

In value terms, the largest markets for bacon and ham exported from the Dominican Republic were the United States, Haiti and France $817), together comprising 99% of total exports.

What is the average export price for bacon, ham and other dried, salted or smoked pig meat in the Dominican Republic?

The average bacon and ham export price stood at $3,243 per ton in 2021, growing by 72% against the previous year.

What is the average import price for bacon, ham and other dried, salted or smoked pig meat in the Dominican Republic?

The average bacon and ham import price stood at $6,424 per ton in 2021, increasing by 3.8% against the previous year.

This report provides an in-depth analysis of the bacon and ham market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023