Report Update Nov 1, 2024

Dominican Republic - Fish Fillets and Other Fish Meat - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Dominican Republic: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in the Dominican Republic

In 2022, the Dominican market for fish fillets and other fish meat increased by 64% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Fish Fillets and Other Fish Meat

Exports from the Dominican Republic

In 2022, overseas shipments of fish fillets and other fish meat were finally on the rise to reach X tons after two years of decline. In general, exports enjoyed significant growth. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of fish fillets and other fish meat soared to $X in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 7,030% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) was the main destination for exports of fish fillets and other fish meat from the Dominican Republic, accounting for a 84% share of total exports. Moreover, exports of fish fillets and other fish meat to Chile exceeded the volume sent to the second major destination, Germany (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+611.2% per year) and Italy (-26.7% per year).

From 2012 to 2022, the average annual rate of growth in terms of value to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+805.1% per year) and Italy (-32.5% per year).

Export Prices by Country

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, with an increase of 25% against the previous year. Overall, the export price recorded resilient growth. The growth pace was the most rapid in 2015 an increase of 456% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 Spain (+61.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fish Fillets and Other Fish Meat

Imports into the Dominican Republic

In 2022, overseas purchases of fish fillets and other fish meat increased by 35% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 74% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of fish fillets and other fish meat skyrocketed to $X in 2022. Overall, imports posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of fish fillets and other fish meat to the Dominican Republic, with a 58% share of total imports. Moreover, imports of fish fillets and other fish meat from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Chile (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.1% per year) and Chile (+21.7% per year).

In value terms, the largest fish fillets and other fish meat suppliers to the Dominican Republic were Vietnam ($X), Chile ($X) and China ($X), with a combined 89% share of total imports.

Among the main suppliers, Chile, with a CAGR of +31.8%, 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 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, rising by 38% against the previous year. In general, the import price, however, showed a noticeable shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fillets and other fish meat in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, with a combined 31% share of global consumption.

What are the largest producers of fish fillets and other fish meat in the world?

The countries with the highest volumes of in 2021 were China, Vietnam and Norway, together comprising 54% of global production. Chile, Russia, Argentina, Poland, Iceland, Indonesia, India, Namibia and Spain lagged somewhat behind, together accounting for a further 28%.

What are the leading suppliers of fish fillets and other fish meat to the Dominican Republic?

In value terms, Vietnam, China and the United States were the largest fish fillets and other fish meat suppliers to the Dominican Republic, together comprising 76% of total imports. These countries were followed by Chile, Spain and Indonesia, which together accounted for a further 16%.

What are the leading importers of fish fillets and other fish meat from the Dominican Republic?

In value terms, Canada $940) remains the key foreign market for fish fillets and other fish meat exports from the Dominican Republic, comprising 66% of total exports. The second position in the ranking was occupied by Bahamas $250), with an 18% share of total exports. It was followed by Haiti, with a 10% share.

What is the average export price for fish fillets and other fish meat in the Dominican Republic?

The average export price for fish fillets and other fish meat stood at $7,254 per ton in 2021, with a decrease of -12.3% against the previous year.

What is the average import price for fish fillets and other fish meat in the Dominican Republic?

The average import price for fish fillets and other fish meat stood at $2,974 per ton in 2021, reducing by -15.6% against the previous year.

This report provides an in-depth analysis of the market for fish fillets and other fish 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:

Prodcom 10201100 - Fresh or chilled fish fillets and other fish meat without bones
Prodcom 10201400 - Frozen fish fillets
Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
Prodcom 10201110 -
Prodcom 10201510 -
Prodcom 10201520 -

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