Report Update Nov 1, 2024

Dominican Republic - Frozen Whole Turkeys - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Frozen Whole Turkey Market 2024

Frozen Whole Turkey Market Size in the Dominican Republic

The Dominican frozen whole turkey market contracted rapidly to $X in 2022, declining by -82.8% 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 showed a abrupt contraction. Frozen whole turkey consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Frozen Whole Turkey Exports

Exports from the Dominican Republic

In 2022, after two years of decline, there was significant growth in shipments abroad of frozen whole turkeys, when their volume increased by 41% to X kg. Over the period under review, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 238% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen whole turkey exports soared to $X in 2022. Overall, exports saw a tangible expansion. The most prominent rate of growth was recorded in 2013 with an increase of 144%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Jamaica (X kg) was the main destination for frozen whole turkey exports from the Dominican Republic, with a 77% share of total exports. Moreover, frozen whole turkey exports to Jamaica exceeded the volume sent to the second major destination, the United States (X kg), sixfold. The third position in this ranking was held by Luxembourg (X kg), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Jamaica stood at +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.5% per year) and Luxembourg (+14.9% per year).

In value terms, Jamaica ($X) remains the key foreign market for frozen whole turkeys exports from the Dominican Republic, comprising 68% of total exports. The second position in the ranking was held by Luxembourg ($X), with a 20% share of total exports. It was followed by the United States, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Jamaica stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+25.6% per year) and the United States (+8.6% per year).

Export Prices by Country

The average frozen whole turkey export price stood at $X per ton in 2022, increasing by 9% against the previous year. In general, the export price, however, recorded a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+9.3%), while the prices for the other major destinations experienced a decline.

Frozen Whole Turkey Imports

Imports into the Dominican Republic

In 2022, frozen whole turkey imports into the Dominican Republic contracted sharply to X tons, dropping by -86.5% on the year before. In general, imports faced a deep contraction. The growth pace was the most rapid in 2017 when imports increased by 55%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen whole turkey imports shrank markedly to $X in 2022. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2021 when imports increased by 88%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main frozen whole turkey supplier to the Dominican Republic, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -17.7%.

In value terms, the United States ($X) constituted the largest supplier of frozen whole turkeys to the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -14.9%.

Import Prices by Country

In 2022, the average frozen whole turkey import price amounted to $X per ton, increasing by 35% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen whole turkey import price increased by +88.6% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen whole turkeys in the world?

The country with the largest volume of frozen whole turkey consumption was China, accounting for 20% of total volume. Moreover, frozen whole turkey consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. The third position in this ranking was occupied by India, with a 8.2% share.

What are the largest producers of frozen whole turkeys in the world?

The countries with the highest volumes of frozen whole turkey production in 2019 were the U.S., China and India, together comprising 49% of global production. These countries were followed by France, Pakistan, Germany, Brazil, Canada, the UK, Italy, Turkey, Spain and South Korea, which together accounted for a further 32%.

What are the leading suppliers of frozen whole turkeys to the Dominican Republic?

In value terms, the U.S. constituted the largest supplier of frozen whole turkey to the Dominican Republic.

What are the leading importers of frozen whole turkeys from the Dominican Republic?

In value terms, Luxembourg remains the key foreign market for frozen whole turkey exports from the Dominican Republic.

What is the average export price for frozen whole turkeys in the Dominican Republic?

The average frozen whole turkey export price stood at $7,617 per ton in 2019, dropping by -12% against the previous year.

What is the average import price for frozen whole turkeys in the Dominican Republic?

The average frozen whole turkey import price stood at $2,246 per ton in 2019, growing by 7% against the previous year.

This report provides an in-depth analysis of the frozen whole turkey 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 10122015 - Frozen whole turkeys

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
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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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023