Dominican Republic: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in the Dominican Republic

The Dominican preserved swine belly market totaled $X in 2020, picking up by X% against the previous year. Overall, consumption continues to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. Preserved swine belly consumption peaked in 2020 and is expected to retain growth in the immediate term.

Preserved Swine Belly Production in the Dominican Republic

In value terms, preserved swine belly production rose sharply to $X in 2020 estimated in export prices. In general, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in the near future.

Preserved Swine Belly Exports

Exports from the Dominican Republic

In 2020, preserved swine belly exports from the Dominican Republic reached X kg, with an increase of X% on the previous year. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X kg in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, preserved swine belly exports rose rapidly to $X in 2020. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Haiti (X kg) was the main destination for preserved swine belly exports from the Dominican Republic, accounting for a X% share of total exports. It was followed by the U.S. (X kg), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Haiti amounted to +X%.

In value terms, Haiti ($X) remains the key foreign market for preserved swine belly exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Haiti stood at +X%.

Export Prices by Country

The average preserved swine belly export price stood at $X per ton in 2020, rising by X% against the previous year. In general, the export price recorded a noticeable expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to Haiti totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Preserved Swine Belly Imports

Imports into the Dominican Republic

In 2020, the amount of bellies and cuts of swine (salted, in brine, dried or smoked) imported into the Dominican Republic declined dramatically to X tons, reducing by -X% on 2019. Overall, imports, however, posted a perceptible increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, preserved swine belly imports dropped notably to $X in 2020. In general, imports, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest supplier of preserved swine belly to the Dominican Republic, accounting for a X% share of total imports. Moreover, preserved swine belly imports from the U.S. exceeded the figures recorded by the second-largest supplier, Canada (X tons), eightfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and Germany (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of preserved swine belly to the Dominican Republic, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and Germany (+X% per year).

Import Prices by Country

In 2020, the average preserved swine belly import price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum at $X per ton in 2019, and then shrank in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :