Dominican Republic: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in the Dominican Republic

In 2022, the Dominican crabs, not frozen market decreased by -6.4% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, saw strong growth. Crabs, not frozen consumption peaked at $X in 2021, and then shrank in the following year.

Crabs, Not Frozen Exports

Exports from the Dominican Republic

In 2022, crabs, not frozen exports from the Dominican Republic soared to X kg, with an increase of 30% compared with the year before. Over the period under review, exports, however, showed a dramatic downturn. The growth pace was the most rapid in 2014 when exports increased by 563% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, crabs, not frozen exports rose markedly to $X in 2022. Overall, exports, however, continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2014 when exports increased by 437% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for crabs, not frozen exports from the Dominican Republic, accounting for a 69% share of total exports. Moreover, crabs, not frozen exports to the United States exceeded the volume sent to the second major destination, Germany (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-9.8% per year) and the Netherlands (-28.1% per year).

In value terms, Germany ($X) remains the key foreign market for crabs, not frozen exports from the Dominican Republic, comprising 94% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to -24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-44.3% per year) and the United States (-47.9% per year).

Export Prices by Country

In 2022, the average crabs, not frozen export price amounted to $X per ton, with a decrease of -16.4% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 262%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States ($X 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 Germany (-16.1%), while the prices for the other major destinations experienced a decline.

Crabs, Not Frozen Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of crabs, not frozen decreased by -6.4% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 521% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, crabs, not frozen imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 476%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of crabs, not frozen to the Dominican Republic, accounting for a 74% share of total imports. Moreover, crabs, not frozen imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Chile (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +34.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.0% per year) and Chile (+17.5% per year).

In value terms, Spain ($X) constituted the largest supplier of crabs, not frozen to the Dominican Republic, comprising 77% of total imports. The second position in the ranking was taken by Chile ($X), with a 6.3% share of total imports. It was followed by the United States, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+18.9% per year) and the United States (+0.2% per year).

Import Prices by Country

In 2022, the average crabs, not frozen import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 0.2% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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 ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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