Report Update Nov 1, 2024

Dominican Republic - Crabs and Crabs Meat - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in the Dominican Republic

The Dominican crab and crab meat market fell to $X in 2021, declining by -11.5% against the previous year. Overall, consumption, however, enjoyed prominent growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Crabs and Crab Meat in the Dominican Republic

In value terms, crab and crab meat production declined to $X in 2021 estimated in export price. In general, production continues to indicate a strong increase. The growth pace was the most rapid in 2015 when the production volume increased by 233% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Crabs and Crab Meat

Exports from the Dominican Republic

In 2021, the amount of crabs and crab meat exported from the Dominican Republic skyrocketed to X kg, growing by 118% compared with 2020. Overall, exports, however, showed a sharp contraction. The most prominent rate of growth was recorded in 2014 with an increase of 813% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crab and crab meat exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous setback. The growth pace was the most rapid in 2014 when exports increased by 545% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for crab and crab meat exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +16.3%.

In value terms, Canada ($X) also remains the key foreign market for crabs and crab meat exports from the Dominican Republic.

From 2012 to 2021, the average annual growth rate of value to Canada stood at +11.6%.

Export Prices by Country

In 2021, the average crab and crab meat export price amounted to $X per ton, shrinking by -23% against the previous year. Overall, the export price saw a perceptible reduction. The growth pace was the most rapid in 2013 when the average export price increased by 38% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -0.7% per year.

Imports of Crabs and Crab Meat

Imports into the Dominican Republic

In 2021, approx. X tons of crabs and crab meat were imported into the Dominican Republic; with a decrease of -21% compared with 2020. Over the period under review, imports, however, continue to indicate a notable increase. The pace of growth was the most pronounced in 2013 with an increase of 153% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, crab and crab meat imports declined sharply to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 152%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of crab and crab meat imports to the Dominican Republic, together accounting for 71% of total imports. These countries were followed by Thailand, Indonesia, Canada, Spain, Ireland and the UK, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and India ($X) appeared to be the largest crab and crab meat suppliers to the Dominican Republic, together comprising 60% of total imports. Indonesia, Canada, Thailand, Spain, Ireland and the UK lagged somewhat behind, together accounting for a further 36%.

In terms of the main suppliers, Thailand, with a CAGR of +37.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average crab and crab meat import price amounted to $X per ton, falling by -38.9% against the previous year. Overall, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 44% against the previous year. The import price peaked at $X per ton in 2020, and then contracted sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+16.7%), 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 crabs and crab meat in the world?

China constituted the country with the largest volume of crab and crab meat consumption, comprising approx. 60% of total volume. Moreover, crab and crab meat consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia, sixfold. The third position in this ranking was occupied by the United States, with a 6.5% share.

What are the largest producers of crabs and crab meat in the world?

The country with the largest volume of crab and crab meat production was China, accounting for 60% of total volume. Moreover, crab and crab meat production in China exceeded the figures recorded by the second-largest producer, Indonesia, sixfold. Russia ranked third in terms of total production with a 3.9% share.

What are the leading suppliers of crabs and crab meat to the Dominican Republic?

In value terms, the largest crab and crab meat suppliers to the Dominican Republic were Russia, Chile and China, together comprising 65% of total imports.

What are the leading importers of crabs and crab meat from the Dominican Republic?

In value terms, the United States emerged as the key foreign market for crab and crab meat exports from the Dominican Republic, comprising 72% of total exports. The second position in the ranking was occupied by Canada $977), with a 21% share of total exports.

What is the average export price for crabs and crab meat in the Dominican Republic?

In 2021, the average crab and crab meat export price amounted to $6,700 per ton, dropping by -24.2% against the previous year.

What is the average import price for crabs and crab meat in the Dominican Republic?

In 2021, the average crab and crab meat import price amounted to $11,009 per ton, dropping by -16.6% against the previous year.

This report provides an in-depth analysis of the market for crab and crab meat 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:

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:

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

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How to diversify your business and benefit from new market opportunities
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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