Dominican Republic: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in the Dominican Republic

The Dominican battered fish fillet market rose modestly to $X in 2022, surging by X% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Battered Fish Fillet Production in the Dominican Republic

In value terms, battered fish fillet production rose to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Battered fish fillet production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Battered Fish Fillet Exports

Exports from the Dominican Republic

In 2022, battered fish fillet exports from the Dominican Republic skyrocketed to X tons, growing by X% against the previous year's figure. Over the period under review, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, battered fish fillet exports skyrocketed to $X in 2022. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turks and Caicos Islands (X tons) was the main destination for battered fish fillet exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, battered fish fillet exports to Turks and Caicos Islands exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Turks and Caicos Islands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

In value terms, Turks and Caicos Islands ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Turks and Caicos Islands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 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 France ($X per ton), while the average price for exports to Turks and Caicos Islands ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (X%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into the Dominican Republic

In 2022, purchases abroad of fish fillets in batter or breadcrumbs increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, battered fish fillet imports surged to $X in 2022. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest battered fish fillet supplier to the Dominican Republic, accounting for a X% share of total imports. Moreover, battered fish fillet imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Malaysia (X% per year).

In value terms, Spain ($X), the United States ($X) and Malaysia ($X) were the largest battered fish fillet suppliers to the Dominican Republic, with a combined X% share of total imports. France, Thailand and China lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average battered fish fillet import price amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, recorded a notable expansion. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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 China ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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