Report Update Nov 1, 2024

Dominican Republic - Dried or Salted Fish - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in the Dominican Republic

The Dominican dried or salted fish market rose sharply to $X in 2021, increasing by 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a pronounced downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Dried Or Salted Fish

Exports from the Dominican Republic

For the third consecutive year, the Dominican Republic recorded growth in shipments abroad of dried or salted fish, which increased by 20% to X tons in 2021. Overall, exports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2017 with an increase of 237%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, dried or salted fish exports skyrocketed to $X in 2021. In general, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by 361% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Haiti (X tons) was the main destination for dried or salted fish exports from the Dominican Republic, with a 98% share of total exports. It was followed by Canada (X tons), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Haiti totaled +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+130.8% per year) and the United States (-52.6% per year).

In value terms, Haiti ($X) remains the key foreign market for dried or salted fish exports from the Dominican Republic, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Haiti totaled +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+90.3% per year) and the United States (-44.5% per year).

Export Prices by Country

The average dried or salted fish export price stood at $X per ton in 2021, increasing by 11% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports into the Dominican Republic

Dried or salted fish imports into the Dominican Republic rose modestly to X tons in 2021, increasing by 4.4% on 2020. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, dried or salted fish imports soared to $X in 2021. Overall, imports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2020 when imports increased by 19%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Norway (X tons) was the main supplier of dried or salted fish to the Dominican Republic, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Norway totaled +2.7%.

In value terms, Norway ($X) constituted the largest supplier of dried or salted fish to the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway totaled -1.7%.

Import Prices by Country

In 2021, the average dried or salted fish import price amounted to $X per ton, surging by 11% against the previous year. Overall, the import price, however, recorded a perceptible decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2012 to 2021, the rate of growth in terms of prices for Norway amounted to -4.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dried or salted fish in the world?

The countries with the highest volumes of dried or salted fish consumption in 2020 were Indonesia, China and the Philippines, together accounting for 31% of global consumption.

What are the largest producers of dried or salted fish in the world?

The countries with the highest volumes of dried or salted fish production in 2020 were Indonesia, China and the Philippines, together comprising 35% of global production. India, the U.S., Norway, Portugal, Japan, Vietnam, Russia, Germany, Bangladesh and Angola lagged somewhat behind, together accounting for a further 28%.

What are the leading suppliers of dried or salted fish to the Dominican Republic?

In value terms, Norway constituted the largest supplier of dried or salted fish to the Dominican Republic, comprising 97% of total imports. The second position in the ranking was occupied by Canada, with a 1.3% share of total imports.

What are the leading importers of dried or salted fish from the Dominican Republic?

In value terms, Spain, Haiti and the U.S. appeared to be the largest markets for dried or salted fish exported from the Dominican Republic worldwide, with a combined 100% share of total exports.

What is the average export price for dried or salted fish in the Dominican Republic?

The average dried or salted fish export price stood at $4,235 per ton in 2020, remaining relatively unchanged against the previous year.

What is the average import price for dried or salted fish in the Dominican Republic?

The average dried or salted fish import price stood at $5,480 per ton in 2020, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the market for dried or salted fish 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 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
Prodcom 10202300 -

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
Find deeper insights into current market developments
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