Frozen Tilapia Fillets Price in the Dominican Republic - 2023
Contents:
- Frozen Tilapia Fillets Price in the Dominican Republic (CIF) - 2023
- Frozen Tilapia Fillets Price in the Dominican Republic (FOB) - 2022
- Frozen Tilapia Fillets Imports in the Dominican Republic
- Frozen Tilapia Fillets Exports in the Dominican Republic
Frozen Tilapia Fillets Price in the Dominican Republic (CIF) - 2023
The average frozen tilapia fillets import price stood at $3,095 per ton in March 2023, increasing by 6.8% against the previous month. In general, the import price, however, showed a pronounced curtailment. The growth pace was the most rapid in June 2022 when the average import price increased by 23% against the previous month. The import price peaked at $5,822 per ton in September 2022; however, from October 2022 to March 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From March 2022 to March 2023, the rate of growth in terms of prices for China amounted to -2.9% per month.
Frozen Tilapia Fillets Price in the Dominican Republic (FOB) - 2022
In 2021, the average frozen tilapia fillets export price amounted to $3,650 per ton, approximately mirroring the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 a decrease of -0.6%. The export price peaked at $4,300 per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2018 to 2021, the rate of growth in terms of prices for Haiti amounted to -0.6% per year.
Frozen Tilapia Fillets Imports in the Dominican Republic
In 2022, the amount of frozen tilapia fillets imported into the Dominican Republic soared to 149 tons, jumping by 16% against the year before. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 85% against the previous year. As a result, imports reached the peak of 170 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, frozen tilapia fillets imports rose significantly to $564K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 -7.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year. As a result, imports attained the peak of $608K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Frozen Tilapia Fillets in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 199 | 331 | 372 | 455 | 31.7% |
| United States | 147 | 227 | 113 | 69.0 | -22.3% |
| Vietnam | 14.6 | 21.9 | 17.1 | 20.9 | 12.7% |
| Others | 20.2 | 28.1 | 18.4 | 18.7 | -2.5% |
| Total | 381 | 608 | 521 | 564 | 14.0% |
Top Suppliers of Frozen Tilapia Fillets to the Dominican Republic in 2022:
- China (118.6 tons)
- United States (15.9 tons)
- Vietnam (12.6 tons)
Frozen Tilapia Fillets Exports in the Dominican Republic
Frozen tilapia fillets exports from the Dominican Republic stood at 20 kg in 2021, remaining stable against 2020 figures. In general, exports showed a dramatic shrinkage. The smallest decline of 99.9% was in 2020.
In value terms, frozen tilapia fillets exports stood at $73 in 2021. Over the period under review, exports continue to indicate a sharp curtailment. The smallest decline of 99.9% was in 2020.
| Export of Frozen Tilapia Fillets in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | N/A | N/A | 73.0 | 0% | |
| Haiti | 282 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 282 | N/A | 73.0 | -49.1% | |
Top Export Markets for Frozen Tilapia Fillets from the Dominican Republic in 2022:
- United States (20.0 kg)
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