Dominican Republic: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in the Dominican Republic

The Dominican meat-preparation industrial machinery market amounted to $X in 2022, remaining constant 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 continues to indicate significant growth. Meat-preparation industrial machinery consumption peaked in 2022 and is expected to retain growth in the immediate term.

Meat-Preparation Industrial Machinery Exports

Exports from the Dominican Republic

In 2022, shipments abroad of industrial machinery for the preparation of meat or poultry increased by 3,725% to X units, rising for the third consecutive year after two years of decline. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, meat-preparation industrial machinery exports soared to $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 11,159% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Haiti (X units) was the main destination for meat-preparation industrial machinery exports from the Dominican Republic, with a 15% share of total exports. Moreover, meat-preparation industrial machinery exports to Haiti exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Haiti totaled +49.4%.

In value terms, Haiti ($X) remains the key foreign market for industrial machinery for the preparation of meat or poultry exports from the Dominican Republic, comprising 88% of total exports. The second position in the ranking was taken by the United States ($X), with a 6.5% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Haiti totaled +75.2%.

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, declining by -91% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 2,715%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Haiti totaled $X per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into the Dominican Republic

In 2022, approx. X units of industrial machinery for the preparation of meat or poultry were imported into the Dominican Republic; increasing by 14% against the previous year. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2019 with an increase of 315% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, meat-preparation industrial machinery imports declined to $X in 2022. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 113% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of meat-preparation industrial machinery to the Dominican Republic, accounting for a 70% share of total imports. Moreover, meat-preparation industrial machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), ninefold. Mexico (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +44.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.6% per year) and Mexico (+20.0% per year).

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest meat-preparation industrial machinery suppliers to the Dominican Republic, together accounting for 57% of total imports. Spain, Italy, Mexico and Colombia lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Colombia, with a CAGR of +28.0%, saw the highest growth rate of 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 meat-preparation industrial machinery import price stood at $X per unit in 2022, dropping by -14.6% against the previous year. Over the period under review, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 92%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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