Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the Dominican Republic - 2023

Contents:

1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the Dominican Republic (CIF) - 2022
2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the Dominican Republic (FOB) - 2022
3. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the Dominican Republic
4. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the Dominican Republic

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the Dominican Republic (CIF) - 2022

The average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $5,192 per ton in 2022, picking up by 30% against the previous year. In general, the import price, however, showed a pronounced slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 57%. Over the period under review, average import prices reached the peak figure at $9,429 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10,919 per ton), while the price for China ($2,714 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the Dominican Republic (FOB) - 2022

In 2022, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $22,852 per ton, falling by -40.8% against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 263% against the previous year. The export price peaked at $41,924 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($87,396 per ton), while the average price for exports to Italy ($1,650 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 Canada (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the Dominican Republic

Imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds into the Dominican Republic surged to 183 tons in 2022, picking up by 16% against 2021. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.7% 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 increased by +105.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 76%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds surged to $952K in 2022. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 82%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to the Dominican Republic in 2022:

1. China (96.4 tons)
2. Spain (54.3 tons)
3. Portugal (9.8 tons)
4. New Zealand (7.3 tons)
5. Honduras (5.4 tons)
6. Peru (4.5 tons)

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the Dominican Republic

In 2022, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds from the Dominican Republic soared to 10 tons, picking up by 104% on 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 409%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds surged to $236K in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,748%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from the Dominican Republic in 2022:

1. Spain (6.2 tons)
2. Colombia (1.1 tons)
3. United States (1.0 tons)
4. Poland (0.8 tons)
5. France (0.8 tons)
6. Russia (0.2 tons)

Source: IndexBox Market Intelligence Platform