Price for Protein; Concentrates and Textured Protein Substances in the Dominican Republic - 2023
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in the Dominican Republic (CIF) - 2023
- Price for Protein; Concentrates and Textured Protein Substances in the Dominican Republic (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in the Dominican Republic
- Exports of Protein; Concentrates and Textured Protein Substances in the Dominican Republic
Price for Protein; Concentrates and Textured Protein Substances in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for protein; concentrates and textured protein substanceses amounted to $2,762 per ton, falling by -20.7% against the previous month. Overall, the import price saw a slight contraction. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 11% m-o-m. As a result, import price attained the peak level of $3,481 per ton, and then dropped sharply in the following month.
Average prices varied somewhat amongst the major supplying countries. In March 2023, the country with the highest price was China ($3,673 per ton), while the price for Brazil ($2,640 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Protein; Concentrates and Textured Protein Substances in the Dominican Republic (FOB) - 2022
In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $4,685 per ton, increasing by 54% against the previous year. In general, the export price continues to indicate tangible growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 186% against the previous year. As a result, the export price reached the peak level of $8,902 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 Haiti.
From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +2.4% per year.
Imports of Protein; Concentrates and Textured Protein Substances in the Dominican Republic
For the fourth year in a row, the Dominican Republic recorded growth in supplies from abroad of protein; concentrates and textured protein substanceses, which increased by 0.5% to 3.7K tons in 2022. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of protein; concentrates and textured protein substanceses soared to $11M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.4 | 5.1 | 6.0 | 6.2 | 4.7% |
| Brazil | 0.4 | 1.7 | 1.8 | 2.9 | 93.5% |
| China | 0.7 | 1.4 | 0.7 | 1.0 | 12.6% |
| Argentina | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 6.8 | 8.5 | 8.7 | 10.7 | 16.3% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to the Dominican Republic in 2022:
- United States (2055.8 tons)
- Brazil (1033.9 tons)
- Argentina (375.1 tons)
- China (268.1 tons)
Exports of Protein; Concentrates and Textured Protein Substances in the Dominican Republic
After three years of growth, overseas shipments of protein; concentrates and textured protein substanceses decreased by -6.8% to 57 tons in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 59%. As a result, the exports reached the peak of 61 tons, and then fell in the following year.
In value terms, exports of protein; concentrates and textured protein substanceses skyrocketed to $266K in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 57%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Protein; Concentrates and Textured Protein Substances in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 60.6 | 115 | 186 | 266 | 63.7% |
| Trinidad and Tobago | 47.5 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 3.7 | N/A | N/A | 362.5% |
| Total | 109 | 118 | 186 | 266 | 34.6% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from the Dominican Republic in 2022:
- Haiti (56.7 tons)
371
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in the Dominican Republic.
498
This report provides an in-depth analysis of the market for prepared dishes and meal in the Dominican Republic.
296
This report provides an in-depth analysis of the hot-dipped metal-coated sheet market in the Dominican Republic.
895
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
1431
This report provides an in-depth analysis of the global market for prepared dishes and meal.
607
This report provides an in-depth analysis of the global hot-dipped metal-coated sheet market.
371
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in the Dominican Republic.
498
This report provides an in-depth analysis of the market for prepared dishes and meal in the Dominican Republic.
895
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
1431
This report provides an in-depth analysis of the global market for prepared dishes and meal.
374
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
319
Explore the top import markets for hot-dipped metal-coated sheet, including the United States, Germany, Belgium, and more. Discover key statistics and data from the IndexBox market intelligence platform.
374
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
