Dominican Republic: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in the Dominican Republic

In 2021, the Dominican sheep and goat meat market increased by X% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption showed a relatively flat trend pattern. Sheep and goat meat consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Sheep And Goat Meat in the Dominican Republic

In value terms, sheep and goat meat production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

In 2021, the average yield of sheep and goat meat in the Dominican Republic totaled X kg per head, standing approx. at the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by X%. The sheep and goat meat yield peaked at X kg per head in 2012; however, from 2013 to 2021, the yield failed to regain momentum.

In 2021, number of animals slaughtered for sheep and goat meat production in the Dominican Republic fell slightly to X heads, standing approx. at the year before. In general, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the number of producing animals increased by X%. Over the period under review, this number reached the peak level at X heads in 2014; however, from 2015 to 2021, producing animals remained at a lower figure.

Exports of Sheep And Goat Meat

Exports from the Dominican Republic

Sheep and goat meat exports from the Dominican Republic fell to X kg in 2021, shrinking by -X% against the year before. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, sheep and goat meat exports dropped to $X in 2021. In general, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

The United States (X kg) was the main destination for sheep and goat meat exports from the Dominican Republic, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for sheep and goat meat exports from the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +X%.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2021, remaining stable against the previous year. Overall, the export price, however, saw modest growth. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; afterwards, it flattened through to 2021.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +X% per year.

Imports of Sheep And Goat Meat

Imports into the Dominican Republic

After five years of decline, purchases abroad of sheep and goat meat increased by X% to X tons in 2021. Over the period under review, imports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, sheep and goat meat imports soared to $X in 2021. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the main sheep and goat meat supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, sheep and goat meat imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and Germany (-X% per year).

In value terms, the United States ($X) constituted the largest supplier of sheep and goat meat to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with an X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and Germany (-X% per year).

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2021, surging by X% against the previous year. In general, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform