Dominican Republic: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in the Dominican Republic

In 2023, the Dominican cattle hide and skin market decreased by X% to $X, falling for the third year in a row after two years of growth. In general, consumption recorded a sharp descent. Cattle hide and skin consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Raw Hides And Skins of Cattle in the Dominican Republic

In value terms, cattle hide and skin production surged to $X in 2023 estimated in export price. In general, production, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

The average yield of raw hides and skins of cattle in the Dominican Republic amounted to X kg per head in 2023, with an increase of X% against the previous year's figure. In general, the yield, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The cattle hide and skin yield peaked at X kg per head in 2013; however, from 2014 to 2023, the yield failed to regain momentum.

In 2023, approx. X heads of animals slaughtered for cattle hide and skin production in the Dominican Republic; remaining relatively unchanged against 2022 figures. Overall, the number of producing animals, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2014; however, from 2015 to 2023, producing animals stood at a somewhat lower figure.

Exports of Raw Hides And Skins of Cattle

Exports from the Dominican Republic

In 2023, the amount of raw hides and skins of cattle exported from the Dominican Republic rose notably to X tons, surging by X% against 2022. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, cattle hide and skin exports expanded slightly to $X in 2023. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for cattle hide and skin exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, cattle hide and skin exports to Turkey exceeded the volume sent to the second major destination, Indonesia (X tons), fivefold. The third position in this ranking was held by Portugal (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Portugal (X% per year).

In value terms, Turkey ($X) remains the key foreign market for raw hides and skins of cattle exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Portugal (X% per year).

Export Prices by Country

In 2023, the average cattle hide and skin export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Raw Hides And Skins of Cattle

Imports into the Dominican Republic

In 2023, imports of raw hides and skins of cattle into the Dominican Republic soared to X tons, picking up by X% against the previous year's figure. Overall, imports, however, saw a dramatic contraction. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, cattle hide and skin imports surged to $X in 2023. Over the period under review, imports, however, continue to indicate a dramatic downturn. Imports peaked at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Brazil (X tons) was the main supplier of cattle hide and skin to the Dominican Republic, with a approx. X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from Brazil amounted to X.9%.

In value terms, Brazil ($X) constituted the largest supplier of raw hides and skins of cattle to the Dominican Republic.

From 2012 to 2023, the average annual rate of growth in terms of value from Brazil amounted to X.3%.

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the import price continues to indicate pronounced growth. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform