Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Dominican Republic - 2022

Contents:

  1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Dominican Republic (CIF) - 2022
  2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Dominican Republic (FOB) - 2022
  3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Dominican Republic
  4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Dominican Republic

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Dominican Republic (CIF) - 2022

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $6,362 per ton in 2022, dropping by -27% against the previous year. Overall, the import price showed a noticeable curtailment. The growth pace was the most rapid in 2017 an increase of 22% against the previous year. Over the period under review, average import prices reached the peak figure at $13,951 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10,000 per ton), while the price for India ($4,464 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (+21.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Dominican Republic (FOB) - 2022

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $4,997 per ton in 2022, declining by -43.2% against the previous year. Overall, the export price, however, recorded a measured increase. The most prominent rate of growth was recorded in 2021 a decrease of -14.6%. Over the period under review, the average export prices reached the maximum at $38,333 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,000 per ton), while the average price for exports to Germany stood at $4,950 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-16.6%).

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in overseas purchases of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, which decreased by -57.4% to 5.8 tons in 2022. Over the period under review, imports recorded a dramatic downturn. The smallest decline of -34.6% was in 2021.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses reduced dramatically to $37K in 2022. Overall, imports showed a sharp reduction. The smallest decline of -44.3% was in 2020.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China30513668.128.8-54.5%
India64.574.349.97.4-51.4%
Others12.52.20.50.6-63.7%
Total38221311936.8-54.2%

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to the Dominican Republic in 2022:

  1. China (4.0 tons)
  2. India (1.7 tons)

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Dominican Republic

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses exported from the Dominican Republic skyrocketed to 320 kg, growing by 721% against the previous year. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses skyrocketed to $1.6K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Dominican Republic (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States98.04763431,500148.3%
GermanyN/AN/AN/A99.00%
Haiti67080.0N/AN/A-88.1%
OthersN/AN/AN/AN/A0%
Total7685563431,59927.7%

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from the Dominican Republic in 2022:

  1. United States (300.0 kg)
  2. Germany (20.0 kg)

Source: IndexBox Market Intelligence Platform

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