Price for Fish-Hooks; Whether or Not Snelled in the Dominican Republic - 2023

Contents:

1. Price for Fish-Hooks; Whether or Not Snelled in the Dominican Republic (CIF) - 2023
2. Price for Fish-Hooks; Whether or Not Snelled in the Dominican Republic (FOB) - 2023
3. Imports of Fish-Hooks; Whether or Not Snelled in the Dominican Republic
4. Exports of Fish-Hooks; Whether or Not Snelled in the Dominican Republic

Price for Fish-Hooks; Whether or Not Snelled in the Dominican Republic (CIF) - 2023

The average import price for fish-hooks; whether or not snelleds stood at $24,770 per ton in March 2023, shrinking by -25% against the previous month. Overall, the import price continues to indicate a mild descent. The pace of growth was the most pronounced in August 2022 an increase of 37% against the previous month. The import price peaked at $34,918 per ton in November 2022; however, from December 2022 to March 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was China ($26,394 per ton), while the price for the United States ($11,586 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by China (-1.2%), while the prices for the other major suppliers experienced a decline.

Price for Fish-Hooks; Whether or Not Snelled in the Dominican Republic (FOB) - 2023

In March 2023, the average export price for fish-hooks; whether or not snelleds amounted to $12,632 per ton, growing by 4.9% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in April 2022 when the average export price increased by 23% m-o-m. The export price peaked at $13,351 per ton in September 2022; however, from October 2022 to March 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From March 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to +1.4% per month.

Imports of Fish-Hooks; Whether or Not Snelled in the Dominican Republic

For the fourth year in a row, the Dominican Republic recorded growth in overseas purchases of fish-hooks; whether or not snelleds, which increased by 13% to 413 tons in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 46%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, fish-hooks; whether or not snelled imports soared to $12M in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Fish-Hooks; Whether or Not Snelled to the Dominican Republic in 2022:

1. China (302.6 tons)
2. United States (87.1 tons)
3. Norway (13.0 tons)

Exports of Fish-Hooks; Whether or Not Snelled in the Dominican Republic

For the fourth consecutive year, the Dominican Republic recorded growth in overseas shipments of fish-hooks; whether or not snelleds, which increased by 14% to 836 tons in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 40% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, fish-hooks; whether or not snelled exports soared to $10M in 2022. The total export value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fish-Hooks; Whether or Not Snelled from the Dominican Republic in 2022:

1. United States (836.4 tons)

Source: IndexBox Market Intelligence Platform