Animal Fats Market Overview in the Dominican Republic
In value terms, animal fats production stood at $16M in 2010 estimated in export prices. The total output value increased at an average annual rate of +5.2% from 2007 to 2010; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2010 with an increase of 10% year-to-year. In that year, animal fats production attained its peak level and is likely to continue its growth in the immediate term.
The revenue of the animal fats market in the Dominican Republic amounted to $9.8M in 2010, increasing by 2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +7.5% over the period from 2007 to 2010; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of 15% year-to-year. Animal fats consumption peaked in 2010 and is expected to retain its growth in the near future.