Dominican Republic: Meat Market 2024

Meat Market Size in the Dominican Republic

In 2022, the Dominican meat market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Meat Production in the Dominican Republic

In value terms, meat production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average meat yield in the Dominican Republic rose slightly to X kg per head, with an increase of X% against the year before. Over the period under review, the yield, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. The meat yield peaked at X kg per head in 2013; however, from 2014 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for meat production in the Dominican Republic amounted to X heads, almost unchanged from the previous year. Over the period under review, the number of producing animals recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by X%. The number of animals slaughtered for meat production peaked at X heads in 2017; however, from 2018 to 2022, producing animals failed to regain momentum.

Meat Exports

Exports from the Dominican Republic

Meat exports from the Dominican Republic soared to X tons in 2022, with an increase of X% against 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, meat exports surged to $X in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Guatemala (X tons) was the main destination for meat exports from the Dominican Republic, with a X% share of total exports. Moreover, meat exports to Guatemala exceeded the volume sent to the second major destination, the United States (X tons), fivefold. El Salvador (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and El Salvador (X% per year).

In value terms, Guatemala ($X) remains the key foreign market for meat exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Guatemala stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and the United States (X% per year).

Export Prices by Country

The average meat export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to the United States ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Imports

Imports into the Dominican Republic

In 2022, meat imports into the Dominican Republic soared to X tons, increasing by X% against 2021. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, meat imports surged to $X in 2022. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) was the main supplier of meat to the Dominican Republic, accounting for a X% share of total imports. Moreover, meat imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Spain (X% per year).

In value terms, the United States ($X) constituted the largest supplier of meat to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average meat import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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