Dominican Republic: Cows Skin Market 2025

Cows Skin Market Size in the Dominican Republic

In 2021, the Dominican cows skin market increased by 13% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% 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 -34.3% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Cows Skin Production in the Dominican Republic

In value terms, cows skin production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -31.5% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of 37% against the previous year. Cows skin production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Cows Skin Exports

Exports from the Dominican Republic

In 2021, shipments abroad of raw hides and skins of bovine animals increased by 215% to X tons, rising for the second consecutive year after five years of decline. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 324%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, cows skin exports surged to $X in 2021. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 320% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for cows skin exports from the Dominican Republic, accounting for a 35% share of total exports. Moreover, cows skin exports to Indonesia exceeded the volume sent to the second major destination, India (X tons), sevenfold. The third position in this ranking was held by Thailand (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia amounted to +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-2.6% per year) and Thailand (-12.2% per year).

In value terms, Indonesia ($X) remains the key foreign market for raw hides and skins of bovine animals exports from the Dominican Republic, comprising 34% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia amounted to +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.9% per year) and Thailand (-5.9% per year).

Export Prices by Country

The average cows skin export price stood at $X per ton in 2021, shrinking by -12.7% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of 63%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Croatia ($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 Thailand (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cows Skin Imports

Imports into the Dominican Republic

In 2021, purchases abroad of raw hides and skins of bovine animals was finally on the rise to reach X tons for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, imports, however, saw a significant decline. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, cows skin imports declined remarkably to $X in 2021. Overall, imports, however, recorded a precipitous decline. The growth pace was the most rapid in 2015 with an increase of 218%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) constituted the largest cows skin supplier to the Dominican Republic, accounting for a 85% share of total imports. Moreover, cows skin imports from Canada exceeded the figures recorded by the second-largest supplier, the United States (X kg), ninefold. The third position in this ranking was held by Italy (X kg), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-23.0% per year) and Italy (-25.5% per year).

In value terms, the United States ($X) constituted the largest supplier of raw hides and skins of bovine animals to the Dominican Republic, comprising 62% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by Canada, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-27.0% per year) and Canada (0.0% per year).

Import Prices by Country

In 2021, the average cows skin import price amounted to $X per ton, declining by -86.1% against the previous year. Overall, the import price saw a deep contraction. The pace of growth was the most pronounced in 2015 an increase of 322%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, 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 United States ($X per ton), while the price for Canada ($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 United States (+15.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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