Dominican Republic: Poultry-Keeping Machinery Market 2024

Poultry-Keeping Machinery Market Size in the Dominican Republic

In 2022, the Dominican poultry-keeping machinery market increased by 59% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption saw a buoyant increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Poultry-Keeping Machinery Exports

Exports from the Dominican Republic

In 2022, overseas shipments of poultry-keeping machinery decreased by 0% to X units, falling for the second consecutive year after two years of decline. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 150%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, poultry-keeping machinery exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 9,829% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for poultry-keeping machinery exports from the Dominican Republic, with a 75% share of total exports. Moreover, poultry-keeping machinery exports to the United States exceeded the volume sent to the second major destination, Haiti (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +11.6%.

In value terms, the largest markets for poultry-keeping machinery exported from the Dominican Republic were the United States ($X) and Haiti ($X).

In terms of the main countries of destination, the United States, with a CAGR of +24.6%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average poultry-keeping machinery export price stood at $X per unit in 2022, falling by -8.3% against the previous year. Overall, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 1,443% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.3%).

Poultry-Keeping Machinery Imports

Imports into the Dominican Republic

In 2022, poultry-keeping machinery imports into the Dominican Republic surged to X units, rising by 33% against the previous year's figure. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 250% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, poultry-keeping machinery imports skyrocketed to $X in 2022. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 222%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of poultry-keeping machinery to the Dominican Republic, accounting for a 61% share of total imports. Moreover, poultry-keeping machinery imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. Mexico (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.0% per year) and Mexico (+20.1% per year).

In value terms, the United States ($X) constituted the largest supplier of poultry-keeping machinery to the Dominican Republic, comprising 68% of total imports. The second position in the ranking was held by China ($X), with a 5.6% share of total imports. It was followed by Mexico, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.4% per year) and Mexico (+23.4% per year).

Import Prices by Country

The average poultry-keeping machinery import price stood at $X per unit in 2022, increasing by 26% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poultry-keeping machinery import price increased by +61.9% against 2020 indices. The growth pace was the most rapid in 2016 when the average import price increased by 39%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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