Dominican Republic - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Fillet Price in the Dominican Republic - 2023
Contents:
- Frozen Fish Fillet Price in the Dominican Republic (CIF) - 2023
- Frozen Fish Fillet Price in the Dominican Republic (FOB) - 2022
- Frozen Fish Fillet Imports in the Dominican Republic
- Frozen Fish Fillet Exports in the Dominican Republic
Frozen Fish Fillet Price in the Dominican Republic (CIF) - 2023
The average frozen fish fillet import price stood at $4,659 per ton in March 2023, surging by 31% against the previous month. In general, import price indicated a slight increase from March 2022 to March 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, frozen fish fillet import price increased by +31.3% against February 2023 indices. The growth pace was the most rapid in September 2022 when the average import price increased by 62% m-o-m. Over the period under review, average import prices attained the maximum at $5,542 per ton in November 2022; however, from December 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 Chile ($9,302 per ton), while the price for Vietnam ($2,524 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 (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Fish Fillet Price in the Dominican Republic (FOB) - 2022
The average frozen fish fillet export price stood at $9,584 per ton in 2022, increasing by 47% against the previous year. In general, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of 83%. Over the period under review, the average export prices hit record highs at $26,167 per ton in 2019; however, from 2020 to 2022, 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 Germany ($15,857 per ton), while the average price for exports to Chile stood at $8,500 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.6%).
Frozen Fish Fillet Imports in the Dominican Republic
For the fourth year in a row, the Dominican Republic recorded growth in overseas purchases of frozen fish fillet, which increased by 32% to 7.5K tons in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 86% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, frozen fish fillet imports skyrocketed to $29M in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fish Fillet in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.4 | 2.6 | 3.1 | 12.8 | 74.7% |
| China | 3.6 | 3.7 | 2.7 | 8.1 | 31.0% |
| Chile | 1.8 | 2.0 | 1.7 | 6.4 | 52.6% |
| Others | 3.5 | 2.5 | 8.2 | 1.6 | -23.0% |
| Total | 11.2 | 10.8 | 15.7 | 28.9 | 37.2% |
Top Suppliers of Frozen Fish Fillet to the Dominican Republic in 2022:
- Vietnam (4.7K tons)
- China (1.9K tons)
- Chile (0.5K tons)
Frozen Fish Fillet Exports in the Dominican Republic
In 2022, approx. 8.2 tons of frozen fish fillet were exported from the Dominican Republic; with an increase of 4,606% on 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 13,692%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, frozen fish fillet exports skyrocketed to $79K in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Fish Fillet in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | N/A | N/A | N/A | 59.7 | 0% |
| Germany | N/A | N/A | N/A | 19.3 | 0% |
| Haiti | 0.3 | 1.5 | N/A | N/A | 400.0% |
| Aruba | N/A | N/A | 1.0 | N/A | 0% |
| Others | N/A | 4.4 | 0.1 | N/A | -97.7% |
| Total | 0.3 | 5.9 | 1.1 | 78.9 | 540.7% |
Top Export Markets for Frozen Fish Fillet from the Dominican Republic in 2022:
- Chile (7.0 tons)
- Germany (1.2 tons)
This report provides an in-depth analysis of the frozen fish fillet 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 10201400 - Frozen fish fillets
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
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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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