Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in the Dominican Republic - 2023

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in the Dominican Republic (FOB) - 2022
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in the Dominican Republic (CIF) - 2022
3. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in the Dominican Republic
4. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in the Dominican Republic

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in the Dominican Republic (FOB) - 2022

In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $23,418 per ton, falling by -43.1% against the previous year. In general, the export price showed a slight downturn. The pace of growth appeared the most rapid in 2021 an increase of 274%. The export price peaked at $41,357 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Russia ($87,396 per ton), while the average price for exports to Colombia ($5,030 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in the Dominican Republic (CIF) - 2022

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $9,615 per ton in 2022, increasing by 27% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the maximum at $10,098 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Indonesia ($13,162 per ton), while the price for India ($5,063 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in the Dominican Republic

Exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses from the Dominican Republic skyrocketed to 10 tons in 2022, jumping by 116% against 2021 figures. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 392% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses soared to $234K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,741% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from the Dominican Republic in 2022:

1. Spain (6.2 tons)
2. Colombia (1.1 tons)
3. Poland (0.8 tons)
4. France (0.8 tons)
5. United States (0.7 tons)
6. Russia (0.2 tons)

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in the Dominican Republic

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses imported into the Dominican Republic reduced rapidly to 216 tons, with a decrease of -27.2% on 2021. Overall, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses reduced to $2.1M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. As a result, imports reached the peak of $2.2M, and then shrank in the following year.

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to the Dominican Republic in 2022:

1. Indonesia (104.9 tons)
2. India (76.2 tons)
3. China (18.6 tons)
4. United States (15.7 tons)

Source: IndexBox Market Intelligence Platform