Dominican Republic: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in the Dominican Republic

For the third year in a row, the Dominican market for frozen crabs and crabs meat recorded decline in sales value, which decreased by -38.6% to $X in 2021. In general, consumption, however, posted a buoyant expansion. 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.

Exports of Frozen Crabs And Crabs Meat

Exports from the Dominican Republic

In 2021, frozen crab and crab meat exports from the Dominican Republic dropped notably to X kg, shrinking by -48.1% against 2020 figures. In general, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 191%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen crab and crab meat exports shrank significantly to $X in 2021. Overall, exports saw a sharp contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 171% 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

The United States (X kg) was the main destination for frozen crab and crab meat exports from the Dominican Republic, with a 96% share of total exports. Moreover, frozen crab and crab meat exports to the United States exceeded the volume sent to the second major destination, Haiti (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -42.9%.

In value terms, the United States ($X) remains the key foreign market for frozen crabs and crabs meat exports from the Dominican Republic, comprising 92% of total exports. The second position in the ranking was held by Haiti ($X), with an 8.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -40.3%.

Export Prices by Country

In 2021, the average export price for frozen crabs and crabs meat amounted to $X per ton, approximately reflecting the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen crab and crab meat export price increased by +10.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 74% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, 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 totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.7%).

Imports of Frozen Crabs And Crabs Meat

Imports into the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in purchases abroad of frozen crabs and crabs meat, which decreased by -32.7% to X tons in 2021. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 622% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen crab and crab meat imports declined significantly to $X in 2021. In general, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by 377% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons), China (X tons) and India (X tons) were the main suppliers of frozen crab and crab meat imports to the Dominican Republic, with a combined 56% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +98.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Chile ($X) and China ($X) were the largest frozen crab and crab meat suppliers to the Dominican Republic, together accounting for 55% of total imports.

Among the main suppliers, Chile, with a CAGR of +77.2%, recorded 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

The average import price for frozen crabs and crabs meat stood at $X per ton in 2021, with a decrease of -12.8% against the previous year. In general, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 19%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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