Report Update Nov 1, 2024

Dominican Republic - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in the Dominican Republic

The Dominican fish fat and oil market contracted to $X in 2022, waning by -7.8% against the previous year. Over the period under review, consumption showed a mild reduction. Fish fat and oil consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Fish Fats And Oils in the Dominican Republic

In value terms, fish fat and oil production reduced to $X in 2022 estimated in export price. In general, production recorded a perceptible decline. The pace of growth was the most pronounced in 2015 when the production volume increased by 28%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports from the Dominican Republic

In 2022, approx. X kg of fish fats and oils were exported from the Dominican Republic; with a decrease of -3.8% compared with 2021 figures. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 56% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fish fat and oil exports fell to $X in 2022. Over the period under review, exports recorded a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by 30%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X kg) was the main destination for fish fat and oil exports from the Dominican Republic, with a 92% share of total exports. Moreover, fish fat and oil exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Haiti amounted to +48.1%.

In value terms, Haiti ($X) remains the key foreign market for fish fats and oils exports from the Dominican Republic, comprising 98% of total exports. The second position in the ranking was held by the United States ($X), with a 1.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Haiti amounted to +44.0%.

Export Prices by Country

In 2022, the average fish fat and oil export price amounted to $X per ton, dropping by -7.4% against the previous year. Overall, the export price recorded a noticeable slump. The pace of growth appeared the most rapid in 2013 an increase of 81% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (-2.8%).

Imports of Fish Fats And Oils

Imports into the Dominican Republic

In 2022, approx. X tons of fish fats and oils were imported into the Dominican Republic; reducing by -40.9% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 1,170%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, fish fat and oil imports expanded remarkably to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 455% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of fish fat and oil to the Dominican Republic, with a 79% share of total imports. Moreover, fish fat and oil imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +35.0%.

In value terms, the United States ($X) and Brazil ($X) appeared to be the largest fish fat and oil suppliers to the Dominican Republic.

Brazil, with a CAGR of +75.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average fish fat and oil import price amounted to $X per ton, increasing by 80% against the previous year. In general, the import price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 136%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.1%), 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 fish fats and oils in the world?

Norway remains the largest fish fat and oil consuming country worldwide, accounting for 60% of total volume. Moreover, fish fat and oil consumption in Norway exceeded the figures recorded by the second-largest consumer, China, more than tenfold. The third position in this ranking was occupied by the United States, with a 3.4% share.

What are the largest producers of fish fats and oils in the world?

The country with the largest volume of fish fat and oil production was Norway, accounting for 60% of total volume. Moreover, fish fat and oil production in Norway exceeded the figures recorded by the second-largest producer, China, more than tenfold. The third position in this ranking was occupied by the United States, with a 3.6% share.

What are the leading suppliers of fish fats and oils to the Dominican Republic?

In value terms, the United States constituted the largest supplier of fish fat and oil to the Dominican Republic, comprising 71% of total imports. The second position in the ranking was occupied by the Netherlands, with a 20% share of total imports. It was followed by China, with a 6.3% share.

What are the leading importers of fish fats and oils from the Dominican Republic?

In value terms, Haiti remains the key foreign market for fish fat and oil exports from the Dominican Republic.

What is the average export price for fish fats and oils in the Dominican Republic?

The average fish fat and oil export price stood at $143,274 per ton in 2021, with an increase of 21% against the previous year.

What is the average import price for fish fats and oils in the Dominican Republic?

The average fish fat and oil import price stood at $5,435 per ton in 2021, declining by -2.6% against the previous year.

This report provides an in-depth analysis of the market for fish fat and oil 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 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

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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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