Price for Fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat in the Dominican Republic - 2023

Contents:

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

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

The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $15,420 per ton in March 2023, picking up by 5% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 an increase of 50% against the previous month. As a result, import price attained the peak level of $19,117 per ton. From August 2022 to March 2023, the average import prices failed to regain momentum.

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 -0.3% per month.

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

In 2022, the average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,540 per ton, shrinking by -29.4% against the previous year. Over the period under review, the export price saw a noticeable descent. The pace of growth was the most pronounced in 2017 when the average export price increased by 59% against the previous year. As a result, the export price attained the peak level of $6,145 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +15.0% per year.

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

In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into the Dominican Republic dropped remarkably to 395 tons, declining by -29.7% against the year before. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports reached the peak of 562 tons, and then reduced dramatically in the following year.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat reduced notably to $5.5M in 2022. Over the period under review, imports showed a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. As a result, imports attained the peak of $7.2M, and then reduced remarkably in the following year.

Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Dominican Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.84.07.05.5-1.8%
NicaraguaN/AN/A0.2N/A0%
OthersN/AN/AN/AN/A0%
Total5.84.07.25.5-1.8%

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

  1. United States (395.0 tons)

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

Exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from the Dominican Republic contracted rapidly to 50 kg in 2022, falling by -98.2% against 2021 figures. Overall, exports saw a sharp downturn. The smallest decline of -62% was in 2020.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat fell remarkably to $177 in 2022. In general, exports recorded a precipitous contraction. The smallest decline of -68.9% was in 2020.

Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States79.533.513.40.2-86.4%
Haiti90.22.8N/AN/A-96.9%
GuatemalaN/A16.5N/AN/A0%
Others0.10.10.2N/A41.4%
Total17052.913.70.2-89.4%

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

  1. United States (50.0 kg)

Source: IndexBox Market Intelligence Platform

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