Dominican Republic: Bacon And Ham Market 2025

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) :