Live Fish Price in the Dominican Republic - 2023
Contents:
- Live Fish Price in the Dominican Republic (FOB) - 2022
- Live Fish Price in the Dominican Republic (CIF) - 2022
- Live Fish Exports in the Dominican Republic
- Live Fish Imports in the Dominican Republic
Live Fish Price in the Dominican Republic (FOB) - 2022
In 2022, the average live fish export price amounted to $17,254 per ton, falling by -39.9% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2019 an increase of 76% against the previous year. As a result, the export price attained the peak level of $44,070 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($117,535 per ton), while the average price for exports to France ($4,564 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Live Fish Price in the Dominican Republic (CIF) - 2022
In 2022, the average live fish import price amounted to $44,775 per ton, surging by 10% against the previous year. Overall, the import price posted a temperate expansion. The most prominent rate of growth was recorded in 2021 an increase of 129% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 Sweden ($117,515 per ton), while the price for Costa Rica ($12,675 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+31.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Live Fish Exports in the Dominican Republic
In 2022, the amount of live fish exported from the Dominican Republic skyrocketed to 315 tons, jumping by 168% on the previous year's figure. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, live fish exports soared to $5.4M in 2022. Over the period under review, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 66% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Live Fish in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 588 | 522 | 299 | 2,652 | 65.2% |
| United States | 382 | 384 | 1,278 | 1,968 | 72.7% |
| Canada | 2,838 | 1,025 | 1,611 | 635 | -39.3% |
| United Kingdom | 90.2 | 76.8 | 101 | 94.3 | 1.5% |
| Portugal | N/A | N/A | 32.4 | 41.4 | 27.8% |
| Others | 53.3 | 24.1 | 54.4 | 50.7 | -1.7% |
| Total | 3,951 | 2,031 | 3,375 | 5,440 | 11.2% |
Top Export Markets for Live Fish from the Dominican Republic in 2022:
- Hong Kong SAR (214.2 tons)
- United States (69.2 tons)
- United Kingdom (11.5 tons)
- Portugal (5.5 tons)
- Canada (5.4 tons)
Live Fish Imports in the Dominican Republic
In 2022, imports of live fish into the Dominican Republic fell to 15 tons, which is down by -12.8% on the previous year's figure. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 1,104%. As a result, imports attained the peak of 17 tons, and then fell in the following year.
In value terms, live fish imports shrank slightly to $679K in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 2,656% against the previous year. As a result, imports reached the peak of $707K, and then shrank modestly in the following year.
| Import of Live Fish in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | 522 | 533 | 2.1% |
| United States | 30.3 | 18.5 | 54.6 | 57.1 | 23.5% |
| Sweden | N/A | N/A | N/A | 31.4 | 0% |
| Costa Rica | 3.9 | 3.5 | 24.4 | 12.8 | 48.6% |
| China | 2.6 | N/A | 7.9 | 12.5 | 68.8% |
| Colombia | 3.9 | N/A | 4.0 | 6.9 | 20.9% |
| Others | 26.9 | 3.7 | 93.6 | 24.9 | -2.5% |
| Total | 67.5 | 25.7 | 707 | 679 | 115.9% |
Top Suppliers of Live Fish to the Dominican Republic in 2022:
- Turkey (10.3 tons)
- United States (2.8 tons)
- Costa Rica (1.0 tons)
- Colombia (0.4 tons)
- Sweden (0.3 tons)
- China (0.3 tons)
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