Dominican Republic - Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDominican Republic: Meat Market 2024
Meat Market Size in the Dominican Republic
For the third consecutive year, the Dominican meat market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Meat consumption peaked in 2022 and is likely to continue growth in the immediate term.
Meat Production in the Dominican Republic
In value terms, meat production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.
The average yield of meat in the Dominican Republic stood at X kg per head in 2022, with an increase of X% on the previous year. Overall, the yield, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2015 when the yield increased by X%. Over the period under review, the average meat yield hit record highs at X kg per head in 2013; however, from 2014 to 2022, the yield failed to regain momentum.
In 2022, approx. X heads of animals slaughtered for meat production in the Dominican Republic; approximately mirroring the year before. Overall, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for meat production peaked at X heads in 2017; however, from 2018 to 2022, producing animals remained at a lower figure.
Meat Exports
Exports from the Dominican Republic
In 2022, the amount of meat exported from the Dominican Republic soared to X tons, increasing by X% on 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, meat exports soared to $X in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
Exports by Country
Guatemala (X tons) was the main destination for meat exports from the Dominican Republic, with a X% share of total exports. Moreover, meat exports to Guatemala exceeded the volume sent to the second major destination, El Salvador (X tons), eightfold. The third position in this ranking was held by the United States (X tons), with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and the United States (X% per year).
In value terms, Guatemala ($X) remains the key foreign market for meat exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total exports. It was followed by the United States, with an X% share.
From 2012 to 2022, the average annual rate of growth in terms of value to Guatemala totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and the United States (X% per year).
Export Prices by Country
The average meat export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and El Salvador ($X per ton), while the average price for exports to Guatemala ($X per ton) and Haiti ($X per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.
Meat Imports
Imports into the Dominican Republic
In 2022, the amount of meat imported into the Dominican Republic skyrocketed to X tons, growing by X% against the previous year's figure. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, meat imports soared to $X in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.
Imports by Country
In 2022, the United States (X tons) was the main meat supplier to the Dominican Republic, with a X% share of total imports. Moreover, meat imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.
From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Spain (X% per year).
In value terms, the United States ($X) constituted the largest supplier of meat to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Spain (X% per year).
Import Prices by Country
In 2022, the average meat import price amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the meat market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1108 - Meat of asses
- FCL 947 - Buffalo meat
- FCL 1127 - Meat of camels
- FCL 867 - Meat of cattle
- FCL 870 - Meat of cattle, boneless
- FCL 1017 - Goat meat
- FCL 1097 - Horse meat
- FCL 1111 - Meat of mules
- FCL 1158 - Meat of other domestic camelids
- FCL 1151 - Meat of other domestic rodents
- FCL 1035 - Pig meat
- FCL 1141 - Rabbit meat
- FCL 977 - Meat of sheep
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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