Dominican Republic - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in the Dominican Republic - 2023
Contents:
- Frozen Crustaceans Price in the Dominican Republic (CIF) - 2023
- Frozen Crustaceans Price in the Dominican Republic (FOB) - 2022
- Frozen Crustaceans Imports in the Dominican Republic
- Frozen Crustaceans Exports in the Dominican Republic
Frozen Crustaceans Price in the Dominican Republic (CIF) - 2023
The average frozen crustaceans import price stood at $7,399 per ton in March 2023, surging by 27% against the previous month. In general, the import price saw a relatively flat trend pattern. The import price peaked at $8,421 per ton in April 2022; however, from May 2022 to March 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($19,246 per ton), while the price for India ($5,462 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 India (-0.6%), while the prices for the other major suppliers experienced a decline.
Frozen Crustaceans Price in the Dominican Republic (FOB) - 2022
The average frozen crustaceans export price stood at $5,448 per ton in 2022, dropping by -1.9% against the previous year. Over the period under review, the export price, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 87% against the previous year. As a result, the export price attained the peak level of $10,770 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +9.7% per year.
Frozen Crustaceans Imports in the Dominican Republic
Frozen crustaceans imports into the Dominican Republic expanded rapidly to 5.4K tons in 2022, surging by 5.3% on 2021 figures. In general, imports posted a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 91%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, frozen crustaceans imports skyrocketed to $36M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Frozen Crustaceans in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 13.2 | 11.8 | 22.2 | 26.5 | 26.2% |
| Ecuador | 0.1 | 0.1 | 0.2 | 3.2 | 217.5% |
| Indonesia | 0.8 | 0.4 | 0.7 | 1.9 | 33.4% |
| United States | 1.0 | 0.2 | 1.0 | 1.5 | 14.5% |
| Honduras | 2.3 | 0.8 | 2.2 | 0.3 | -49.3% |
| China | 0.4 | 0.1 | 0.2 | 0.1 | -37.0% |
| Others | 2.4 | 0.9 | 0.9 | 2.6 | 2.7% |
| Total | 20.1 | 14.4 | 27.4 | 36.1 | 21.6% |
Top Suppliers of Frozen Crustaceans to the Dominican Republic in 2022:
- India (4489.8 tons)
- Ecuador (344.5 tons)
- United States (193.9 tons)
- Indonesia (143.0 tons)
- China (48.9 tons)
- Honduras (35.0 tons)
Frozen Crustaceans Exports in the Dominican Republic
Frozen crustaceans exports from the Dominican Republic fell sharply to 3.1 tons in 2022, reducing by -94.5% against the previous year. In general, exports recorded a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 26%.
In value terms, frozen crustaceans exports fell markedly to $17K in 2022. Overall, exports saw a precipitous shrinkage. The smallest decline of -34.9% was in 2021.
| Export of Frozen Crustaceans in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 92.3 | 47.6 | 68.7 | 16.7 | -43.4% |
| Hong Kong SAR | 53.0 | N/A | N/A | N/A | 0% |
| Haiti | 712 | 1.8 | N/A | N/A | -99.7% |
| United States | 661 | 160 | 223 | N/A | -41.9% |
| United Arab Emirates | 627 | 205 | N/A | N/A | -67.3% |
| Others | 216 | 67.8 | 22.2 | 0.3 | -88.8% |
| Total | 2,361 | 482 | 314 | 17.0 | -80.7% |
Top Export Markets for Frozen Crustaceans from the Dominican Republic in 2022:
- Canada (3.1 tons)
This report provides an in-depth analysis of the frozen crustaceans market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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