Dominican Republic: Canned Meat Market 2024

Canned Meat Market Size in the Dominican Republic

The Dominican canned meat market was estimated at $X in 2021, rising by 5% against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.1% against 2019 indices. Canned meat consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Canned Meat Production in the Dominican Republic

In value terms, canned meat production expanded markedly to $X in 2021 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 54%. Canned meat production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Canned Meat Exports

Exports from the Dominican Republic

In 2021, overseas shipments of canned meat increased by 30% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 234% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, canned meat exports fell dramatically to $X in 2021. In general, exports enjoyed moderate growth. The pace of growth appeared the most rapid in 2013 when exports increased by 562% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for canned meat exports from the Dominican Republic, with a 95% share of total exports. It was followed by the United States (X kg), with a 0.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Haiti totaled +10.2%.

In value terms, Haiti ($X) remains the key foreign market for canned meat exports from the Dominican Republic, comprising 68% of total exports. The second position in the ranking was taken by the United States ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti stood at +11.2%.

Export Prices by Country

In 2021, the average canned meat export price amounted to $X per ton, reducing by -57.4% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 an increase of 468%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.9%).

Canned Meat Imports

Imports into the Dominican Republic

In 2021, the amount of canned meat imported into the Dominican Republic soared to X tons, rising by 29% against 2020. Over the period under review, imports recorded buoyant growth. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, canned meat imports skyrocketed to $X in 2021. In general, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of canned meat to the Dominican Republic, with a 63% share of total imports. Moreover, canned meat imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+21.1% per year) and Guatemala (+51.6% per year).

In value terms, the largest canned meat suppliers to the Dominican Republic were the United States ($X), Spain ($X) and Guatemala ($X), together accounting for 98% of total imports.

Among the main suppliers, Guatemala, with a CAGR of +53.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average canned meat import price stood at $X per ton in 2021, rising by 2.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 10% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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