Dominican Republic - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fish Fat and Oil in the Dominican Republic - 2023
Contents:
- Price for Fish Fat and Oil in the Dominican Republic (CIF) - 2022
- Price for Fish Fat and Oil in the Dominican Republic (FOB) - 2022
- Imports of Fish Fat and Oil in the Dominican Republic
- Exports of Fish Fat and Oil in the Dominican Republic
Price for Fish Fat and Oil in the Dominican Republic (CIF) - 2022
In 2022, the average fish fat and oil import price amounted to $5,648 per ton, growing by 80% against the previous year. Over the period under review, the import price posted resilient growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 136%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($9,992 per ton), while the price for the United States stood at $4,511 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fat and Oil in the Dominican Republic (FOB) - 2022
The average fish fat and oil export price stood at $1,885 per ton in 2022, shrinking by -7.4% against the previous year. Overall, the export price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by 81% against the previous year. The export price peaked at $5,843 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($2,028 per ton), while the average price for exports to the United States amounted to $340 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-2.8%).
Imports of Fish Fat and Oil in the Dominican Republic
In 2022, overseas purchases of fish fats and oils decreased by -40.9% to 27 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a deep reduction. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year. As a result, imports attained the peak of 54 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, fish fat and oil imports rose markedly to $152K in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 50%. As a result, imports attained the peak of $197K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Fish Fat and Oil in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 57.6 | 120 | 78.1 | 96.5 | 18.8% |
| Brazil | N/A | N/A | N/A | 56.0 | 0% |
| Colombia | 19.1 | 21.6 | 15.7 | N/A | -9.3% |
| China | 7.6 | 10.1 | 7.9 | N/A | 2.0% |
| Netherlands | 28.1 | 40.1 | 37.8 | N/A | 16.0% |
| Others | 18.3 | 4.9 | 3.5 | N/A | -56.3% |
| Total | 131 | 197 | 143 | 152 | 5.1% |
Top Suppliers of Fish Fat and Oil to the Dominican Republic in 2022:
- United States (21.4 tons)
- Brazil (5.6 tons)
Exports of Fish Fat and Oil in the Dominican Republic
For the third year in a row, the Dominican Republic recorded decline in overseas shipments of fish fats and oils, which decreased by -3.8% to 556 kg in 2022. Overall, exports saw a deep reduction.
In value terms, fish fat and oil exports contracted to $1K in 2022. Over the period under review, exports faced a deep setback.
| Export of Fish Fat and Oil in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 1,004 | 1,290 | 1,154 | 1,032 | 0.9% |
| United States | 29.0 | 30.0 | 22.0 | 16.0 | -18.0% |
| Venezuela | 30.0 | N/A | N/A | N/A | 0% |
| Germany | 223 | N/A | N/A | N/A | 0% |
| Others | 196 | N/A | N/A | N/A | 0% |
| Total | 1,482 | 1,320 | 1,176 | 1,048 | -10.9% |
Top Export Markets for Fish Fat and Oil from the Dominican Republic in 2022:
- Haiti (509.0 kg)
- United States (47.0 kg)
This report provides an in-depth analysis of the market for fish fat and oil 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 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)
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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This report provides an in-depth analysis of the market for fish fat and oil in the Dominican Republic.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in the Dominican Republic.
732
This report provides an in-depth analysis of the global market for fish fat and oil.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
