Dominican Republic: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in the Dominican Republic

In 2023, the Dominican market for frozen crabs and crabs meat increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption enjoyed a significant expansion. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

Production of Frozen Crabs And Crabs Meat in the Dominican Republic

In value terms, frozen crab and crab meat production reduced remarkably to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Exports of Frozen Crabs And Crabs Meat

Exports from the Dominican Republic

In 2023, shipments abroad of frozen crabs and crabs meat decreased by X% to X kg for the first time since 2019, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen crab and crab meat exports amounted to $X in 2023. In general, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X kg) and Haiti (X kg) were the main destinations of frozen crab and crab meat exports from the Dominican Republic.

From 2012 to 2023, the biggest increases were recorded for Haiti (with a CAGR of X%).

In value terms, the United States ($X) and Haiti ($X) constituted the largest markets for frozen crab and crab meat exported from the Dominican Republic worldwide.

Haiti, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2023, the average export price for frozen crabs and crabs meat amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Imports of Frozen Crabs And Crabs Meat

Imports into the Dominican Republic

In 2023, overseas purchases of frozen crabs and crabs meat increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen crab and crab meat imports surged to $X in 2023. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, Chile (X tons) constituted the largest supplier of frozen crab and crab meat to the Dominican Republic, accounting for a X% share of total imports. Moreover, frozen crab and crab meat imports from Chile exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Chile amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Canada (X% per year).

In value terms, Chile ($X) constituted the largest supplier of frozen crabs and crabs meat to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Canada, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Chile stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Canada (X% per year).

Import Prices by Country

In 2023, the average import price for frozen crabs and crabs meat amounted to $X per ton, dropping by X% against the previous year. In general, the import price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform