Dominican Republic: Preserved Cows Meat Market 2025

Preserved Cows Meat Market Size in the Dominican Republic

The Dominican preserved cows meat market expanded sharply to $X in 2021, with an increase of 8.3% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.5% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Preserved Cows Meat Production in the Dominican Republic

In value terms, preserved cows meat production rose rapidly to $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.3% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 47%. Preserved cows meat production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Cows Meat Exports

Exports from the Dominican Republic

In 2021, shipments abroad of prepared or preserved meat or offal of bovine animals decreased by -29.1% to X kg, falling for the seventh year in a row after three years of growth. Over the period under review, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2013 when exports increased by 98% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, preserved cows meat exports dropped markedly to $X in 2021. In general, exports showed a precipitous shrinkage. The growth pace was the most rapid in 2013 with an increase of 99%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for preserved cows meat exports from the Dominican Republic, accounting for a 63% share of total exports. Moreover, preserved cows meat exports to the United States exceeded the volume sent to the second major destination, France (X kg), fourfold. Germany (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-10.4% per year) and Germany (-32.3% per year).

In value terms, the largest markets for preserved cows meat exported from the Dominican Republic were Germany ($X), the United States ($X) and France ($X), with a combined 95% share of total exports. Spain and Bahamas lagged somewhat behind, together accounting for a further 5.2%.

In terms of the main countries of destination, Bahamas, with a CAGR of -6.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average preserved cows meat export price stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2015 an increase of 79% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Bahamas ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into the Dominican Republic

In 2021, the amount of prepared or preserved meat or offal of bovine animals imported into the Dominican Republic skyrocketed to X tons, growing by 67% against 2020 figures. Overall, imports posted significant growth. The growth pace was the most rapid in 2014 when imports increased by 232%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, preserved cows meat imports soared to $X in 2021. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 249% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons) constituted the largest preserved cows meat supplier to the Dominican Republic, with a 58% share of total imports. Moreover, preserved cows meat imports from the United States exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+60.6% per year) and the Netherlands (+223.6% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to the Dominican Republic, comprising 63% of total imports. The second position in the ranking was taken by Guatemala ($X), with a 20% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+89.3% per year) and the Netherlands (+299.6% per year).

Import Prices by Country

In 2021, the average preserved cows meat import price amounted to $X per ton, rising by 1.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+33.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :