Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Dominican Republic - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Dominican Republic (CIF) - 2022
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Dominican Republic (FOB) - 2022
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Dominican Republic
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Dominican Republic
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Dominican Republic (CIF) - 2022
The average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $3,368 per ton in 2022, jumping by 55% against the previous year. Over the period under review, the import price, however, showed a slight reduction. Over the period under review, average import prices hit record highs at $3,865 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($4,003 per ton) and Spain ($3,950 per ton), while the price for Mexico ($2,714 per ton) and China ($3,000 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.4%), while the prices for the other major suppliers experienced a decline.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Dominican Republic (FOB) - 2022
In 2022, the average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $4,100 per ton, which is down by -6.8% against the previous year. Overall, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 19%. Over the period under review, the average export prices reached the maximum at $4,400 per ton in 2021, and then contracted in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +8.0% per year.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Dominican Republic
In 2022, the amount of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s imported into the Dominican Republic dropped markedly to 77 tons, with a decrease of -21.2% compared with the previous year. In general, imports faced a drastic downturn. The smallest decline of -6.9% was in 2020.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s soared to $261K in 2022. Over the period under review, imports continue to indicate a slight curtailment.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 176 | 190 | 154 | 158 | -3.5% |
| Chile | N/A | N/A | N/A | 57.6 | 0% |
| Spain | 18.8 | 1.0 | 0.3 | 15.8 | -5.6% |
| South Africa | N/A | N/A | N/A | 10.2 | 0% |
| Mexico | N/A | N/A | N/A | 4.4 | 0% |
| Peru | 32.5 | 44.9 | 51.6 | N/A | 26.0% |
| Others | 43.5 | 17.5 | 8.2 | 15.1 | -29.7% |
| Total | 271 | 253 | 214 | 261 | -1.2% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to the Dominican Republic in 2022:
- China (52.6 tons)
- Chile (15.4 tons)
- Spain (4.0 tons)
- South Africa (2.5 tons)
- Mexico (1.6 tons)
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Dominican Republic
In 2022, approx. 10 kg of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s were exported from the Dominican Republic; stabilizing at the previous year. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s contracted to $41 in 2022. The total export value increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19%.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.0 | 38.0 | 44.0 | 41.0 | 8.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 32.0 | 38.0 | 44.0 | 41.0 | 8.6% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from the Dominican Republic in 2022:
- United States (10.0 kg)
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