Dominican Republic: Market for Smoked Fish Other than Salmon and Herring 2022

Market Size for Smoked Fish Other than Salmon and Herring in the Dominican Republic

The Dominican market for smoked fish other than salmon and herring skyrocketed to $X in 2021, rising by X% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Smoked Fish Other than Salmon and Herring in the Dominican Republic

In value terms, production of smoked fish other than salmon and herring surged to $X in 2021 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Smoked Fish Other than Salmon and Herring

Exports from the Dominican Republic

In 2021, shipments abroad of smoked fish other than salmon and herring was finally on the rise to reach X kg for the first time since 2015, thus ending a five-year declining trend. In general, exports, however, continue to indicate a sharp decline. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X kg in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of smoked fish other than salmon and herring surged to $X in 2021. Over the period under review, exports, however, recorded a deep contraction. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Turks and Caicos Islands (X kg) was the main destination for exports of smoked fish other than salmon and herring from the Dominican Republic, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Turks and Caicos Islands was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Turks and Caicos Islands was relatively modest.

Export Prices by Country

In 2020, the average export price for smoked fish other than salmon and herring amounted to $X per ton, dropping by -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Turks and Caicos Islands.

From 2012 to 2020, the rate of growth in terms of prices for Turks and Caicos Islands amounted to X% per year.

Imports of Smoked Fish Other than Salmon and Herring

Imports into the Dominican Republic

In 2021, overseas purchases of smoked fish other than salmon and herring increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a pronounced expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of smoked fish other than salmon and herring soared to $X in 2021. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2020, the United States (X tons) was the main supplier of smoked fish other than salmon and herring to the Dominican Republic, accounting for a X% share of total imports. Moreover, imports of smoked fish other than salmon and herring from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume from the United States amounted to +X%.

In value terms, the United States ($X) constituted the largest supplier of smoked fish other than salmon and herring to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with an X% share of total imports.

From 2012 to 2020, the average annual growth rate of value from the United States stood at +X%.

Import Prices by Country

In 2020, the average import price for smoked fish other than salmon and herring amounted to $X per ton, surging by X% against the previous year. Overall, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked in 2020 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Spain (+X%).

Source: IndexBox Platform