Dominican Republic: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in the Dominican Republic

In 2022, after two years of growth, there was decline in the Dominican preparations for animal feeding market, when its value decreased by -0.8% to $X. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -26.6% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Preparations Used In Animal Feeding in the Dominican Republic

In value terms, preparations for animal feeding production declined modestly to $X in 2022 estimated in export price. Overall, production recorded a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of 122%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Preparations Used In Animal Feeding

Exports from the Dominican Republic

In 2022, overseas shipments of preparations used in animal feeding decreased by -55.3% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 443% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, preparations for animal feeding exports contracted dramatically to $X in 2022. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 464%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X tons) was the main destination for preparations for animal feeding exports from the Dominican Republic, with a 66% share of total exports. Moreover, preparations for animal feeding exports to Haiti exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. The United States (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti totaled +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+15.8% per year) and the United States (+21.7% per year).

In value terms, Haiti ($X) remains the key foreign market for preparations used in animal feeding exports from the Dominican Republic, comprising 49% of total exports. The second position in the ranking was taken by the United States ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Haiti stood at +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+36.6% per year) and the United Arab Emirates (-24.8% per year).

Export Prices by Country

In 2022, the average preparations for animal feeding export price amounted to $X per ton, rising by 37% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United States (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into the Dominican Republic

In 2022, supplies from abroad of preparations used in animal feeding increased by 7.7% to X tons, rising for the third consecutive year after three years of decline. Overall, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by 53%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, preparations for animal feeding imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Mexico (X tons) and Guatemala (X tons) were the main suppliers of preparations for animal feeding imports to the Dominican Republic, together accounting for 52% of total imports. France, Spain, Brazil, Colombia, Argentina, El Salvador, China, Ecuador, Costa Rica and the Netherlands lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for El Salvador (with a CAGR of +96.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of preparations used in animal feeding to the Dominican Republic, comprising 26% of total imports. The second position in the ranking was taken by Mexico ($X), with a 13% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+18.6% per year) and France (+8.1% per year).

Import Prices by Country

The average preparations for animal feeding import price stood at $X per ton in 2022, surging by 17% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preparations for animal feeding import price increased by +84.3% against 2016 indices. The growth pace was the most rapid in 2019 when the average import price increased by 34% against the previous year. The import price peaked in 2022 and is expected to retain 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 France ($X per ton), while the price for El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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