Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Dominican Republic - 2023

Contents:

1. Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Dominican Republic (CIF) - 2023
2. Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Dominican Republic (FOB) - 2022
3. Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Dominican Republic
4. Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Dominican Republic

Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $29,855 per ton, growing by 83% against the previous month. In general, the import price showed resilient growth. The pace of growth was the most pronounced in November 2022 an increase of 109% m-o-m. As a result, import price attained the peak level of $38,542 per ton. From December 2022 to March 2023, the average import prices remained at a lower figure.

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

From March 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to +8.4% per month.

Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Dominican Republic (FOB) - 2022

The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,088 per ton in 2022, surging by 21% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 37%. Over the period under review, the average export prices attained the peak figure at $5,971 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($5,489 per ton), while the average price for exports to Guatemala totaled $4,869 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Dominican Republic

In 2022, supplies from abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by 3.5% to 229 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a precipitous contraction.

In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat contracted to $3.1M in 2022. Over the period under review, imports, however, saw a significant contraction. The growth pace was the most rapid in 2021 with an increase of 0.9%.

Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to the Dominican Republic in 2022:

1. United States (229.2 tons)

Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Dominican Republic

In 2022, after two years of decline, there was significant growth in shipments abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume increased by 28% to 112 tons. In general, exports, however, continue to indicate a dramatic descent.

In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $568K in 2022. Overall, exports, however, continue to indicate a sharp contraction.

Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from the Dominican Republic in 2022:

1. Guatemala (72.6 tons)
2. El Salvador (39.0 tons)

Source: IndexBox Market Intelligence Platform