Dominican Republic - Tuna (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Tuna Price in the Dominican Republic - 2023
Contents:
- Preserved Tuna Price in the Dominican Republic (CIF) - 2023
- Preserved Tuna Price in the Dominican Republic (FOB) - 2022
- Preserved Tuna Imports in the Dominican Republic
- Preserved Tuna Exports in the Dominican Republic
Preserved Tuna Price in the Dominican Republic (CIF) - 2023
In March 2023, the average preserved tuna import price amounted to $4,874 per ton, picking up by 8.7% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 12% against the previous month. Over the period under review, average import prices attained the peak figure at $5,151 per ton in October 2022; however, from November 2022 to March 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Spain ($11,458 per ton), while the price for Ecuador ($3,636 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 the United States (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Tuna Price in the Dominican Republic (FOB) - 2022
The average preserved tuna export price stood at $8,791 per ton in 2022, shrinking by -39.2% against the previous year. In general, the export price, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 209% against the previous year. As a result, the export price attained the peak level of $14,457 per ton, and then fell dramatically in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($62,305 per ton), while the average price for exports to Turks and Caicos Islands ($1,278 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+528.6%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Tuna Imports in the Dominican Republic
In 2022, supplies from abroad of tuna (prepared or preserved) decreased by -8% to 5.6K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 26%. As a result, imports reached the peak of 6.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, preserved tuna imports soared to $27M in 2022. The total import value increased at an average annual rate of +11.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Preserved Tuna in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 13.9 | 18.5 | 13.8 | 12.5 | -3.5% |
| Brazil | N/A | N/A | 0.7 | 4.6 | 557.1% |
| China | 2.4 | 3.8 | 2.7 | 3.8 | 16.6% |
| Ecuador | 1.1 | 0.6 | 3.4 | 2.7 | 34.9% |
| Costa Rica | 0.8 | 1.3 | 1.5 | 1.9 | 33.4% |
| Spain | 0.6 | 0.7 | 0.6 | 1.0 | 18.6% |
| Others | 0.7 | 0.8 | 0.4 | 0.4 | -17.0% |
| Total | 19.6 | 25.6 | 23.2 | 26.9 | 11.1% |
Top Suppliers of Preserved Tuna to the Dominican Republic in 2022:
- Thailand (2598.5 tons)
- Brazil (935.4 tons)
- China (826.3 tons)
- Ecuador (696.0 tons)
- Costa Rica (368.1 tons)
- Spain (131.7 tons)
Preserved Tuna Exports in the Dominican Republic
For the fourth year in a row, the Dominican Republic recorded growth in shipments abroad of tuna (prepared or preserved), which increased by 227% to 55 tons in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 410%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, preserved tuna exports skyrocketed to $480K in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,476%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Preserved Tuna in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.0 | 6.4 | 12.0 | 207 | 166.0% |
| Spain | N/A | 3.8 | 116 | 104 | 423.1% |
| Poland | N/A | N/A | 28.4 | 57.4 | 102.1% |
| United Kingdom | N/A | N/A | N/A | 17.6 | 0% |
| Haiti | 3.9 | 2.1 | 30.1 | 15.3 | 57.7% |
| Turks and Caicos Islands | 0.4 | 0.3 | 1.7 | 1.4 | 51.8% |
| Cuba | N/A | N/A | 8.9 | N/A | 0% |
| Others | 0.6 | 2.8 | 44.1 | 78.2 | 407.0% |
| Total | 15.9 | 15.3 | 242 | 480 | 211.4% |
Top Export Markets for Preserved Tuna from the Dominican Republic in 2022:
- United States (42.1 tons)
- Spain (5.7 tons)
- Haiti (1.8 tons)
- Turks and Caicos Islands (1.1 tons)
- Poland (0.9 tons)
- United Kingdom (0.9 tons)
This report provides an in-depth analysis of the preserved tuna 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 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole or in pieces (excluding minced products and prepared meals and dishes)
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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