Dominican Republic: Meat Dishes Market 2024

Meat Dishes Market Size in the Dominican Republic

The Dominican meat dishes market fell slightly to $X in 2022, declining by -2.9% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.9% against 2020 indices. Meat dishes consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Meat Dishes Production in the Dominican Republic

In value terms, meat dishes production dropped to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.7% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 56% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Meat Dishes Exports

Exports from the Dominican Republic

In 2022, the amount of meat dishes exported from the Dominican Republic contracted notably to X tons, declining by -46.8% against the previous year's figure. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 316%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat dishes exports plummeted to $X in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 252% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X tons) was the main destination for meat dishes exports from the Dominican Republic, with a approx. 96% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti stood at -10.2%.

In value terms, Haiti ($X) also remains the key foreign market for meat dishes exports from the Dominican Republic.

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to -9.4%.

Export Prices by Country

The average meat dishes export price stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +0.9% per year.

Meat Dishes Imports

Imports into the Dominican Republic

In 2022, the amount of meat dishes imported into the Dominican Republic rose rapidly to X tons, growing by 9.3% against the previous year. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, meat dishes imports surged to $X in 2022. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), Spain (X tons) and Guatemala (X tons) were the main suppliers of meat dishes imports to the Dominican Republic, together accounting for 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +46.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Guatemala ($X) appeared to be the largest meat dishes suppliers to the Dominican Republic, together comprising 97% of total imports.

In terms of the main suppliers, Guatemala, with a CAGR of +52.6%, recorded 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

In 2022, the average meat dishes import price amounted to $X per ton, growing by 9.8% against the previous year. Overall, the import price posted tangible growth. The pace of growth was the most pronounced in 2017 an increase of 64%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Guatemala ($X per ton), while the price for Spain ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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