Report Update Nov 1, 2024

Dominican Republic - Anchovies (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in the Dominican Republic

In 2021, after five years of growth, there was significant decline in the Dominican preserved anchovies market, when its value decreased by -5.7% to $X. Over the period under review, consumption, however, posted a temperate increase. Preserved anchovies consumption peaked at $X in 2020, and then declined in the following year.

Preserved Anchovies Production in the Dominican Republic

In value terms, preserved anchovies production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate moderate growth. The pace of growth was the most pronounced in 2018 with an increase of 48% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Preserved Anchovies Exports

Exports from the Dominican Republic

In 2021, shipments abroad of anchovies (prepared or preserved) decreased by -90.9% to X kg, falling for the second year in a row after three years of growth. In general, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by 400%. Over the period under review, the exports reached the peak figure at X kg in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved anchovies exports shrank rapidly to $X in 2021. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 233%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for preserved anchovies exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -16.4%.

In value terms, the United States ($X) also remains the key foreign market for anchovies (prepared or preserved) exports from the Dominican Republic.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -13.8%.

Export Prices by Country

In 2021, the average preserved anchovies export price amounted to $X per ton, rising by 37% against the previous year. Overall, the export price saw mild growth. The pace of growth appeared the most rapid in 2016 an increase of 70% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for France amounted to +9.7% per year.

Preserved Anchovies Imports

Imports into the Dominican Republic

In 2021, overseas purchases of anchovies (prepared or preserved) decreased by -58.2% to X tons, falling for the third year in a row after two years of growth. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 59% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, preserved anchovies imports fell sharply to $X in 2021. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 75%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Morocco (X tons), Spain (X kg) and the United States (X kg) were the main suppliers of preserved anchovies imports to the Dominican Republic, together comprising 76% of total imports. These countries were followed by Chile and Peru, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +16.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest preserved anchovies suppliers to the Dominican Republic were Morocco ($X), Spain ($X) and Chile ($X), together accounting for 79% of total imports.

Among the main suppliers, Chile, with a CAGR of +25.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average preserved anchovies import price amounted to $X per ton, surging by 11% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved anchovies import price increased by +80.0% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 29%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for anchovies (prepared or preserved) in the world?

The countries with the highest volumes of preserved anchovies consumption in 2021 were China, the United States and India, with a combined 27% share of global consumption. These countries were followed by Japan, Pakistan, Germany, Brazil, Russia, Indonesia, Nigeria, Italy, the UK and Bangladesh, which together accounted for a further 26%.

What are the largest producers of anchovies (prepared or preserved) in the world?

The countries with the highest volumes of preserved anchovies production in 2021 were China, the United States and India, together accounting for 27% of global production. These countries were followed by Japan, Pakistan, Brazil, Germany, Russia, Indonesia, Nigeria, Bangladesh, the UK and Mexico, which together accounted for a further 26%.

What are the leading suppliers of anchovies (prepared or preserved) to the Dominican Republic?

In value terms, Morocco constituted the largest supplier of preserved anchovies to the Dominican Republic, comprising 49% of total imports. The second position in the ranking was occupied by Peru, with a 23% share of total imports. It was followed by Spain, with a 19% share.

What are the leading importers of anchovies (prepared or preserved) from the Dominican Republic?

In value terms, the United States $260) remains the key foreign market for preserved anchovies exports from the Dominican Republic.

What is the average export price for anchovies (prepared or preserved) in the Dominican Republic?

The average preserved anchovies export price stood at $17,333 per ton in 2021, reducing by -24.6% against the previous year.

What is the average import price for anchovies (prepared or preserved) in the Dominican Republic?

In 2021, the average preserved anchovies import price amounted to $7,261 per ton, with a decrease of -40.4% against the previous year.

This report provides an in-depth analysis of the preserved anchovies market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202560 - Prepared or preserved anchovies, whole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023