Report Update Nov 1, 2024

Dominican Republic - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in the Dominican Republic

In 2022, the Dominican frozen fish fillet market increased by 64% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed significant growth. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Frozen Fish Fillet Exports

Exports from the Dominican Republic

In 2022, the amount of frozen fish fillet exported from the Dominican Republic soared to X tons, increasing by 4,606% on 2021 figures. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 13,692%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen fish fillet exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons) was the main destination for frozen fish fillet exports from the Dominican Republic, with a 85% share of total exports. Moreover, frozen fish fillet exports to Chile exceeded the volume sent to the second major destination, Germany (X tons), sixfold.

From 2016 to 2022, the average annual growth rate of volume to Chile was relatively modest.

In value terms, Chile ($X) emerged as the key foreign market for frozen fish fillet exports from the Dominican Republic, comprising 76% of total exports. The second position in the ranking was taken by Germany ($X), with a 24% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of value to Chile was relatively modest.

Export Prices by Country

In 2022, the average frozen fish fillet export price amounted to $X per ton, surging by 47% against the previous year. Over the period under review, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of 83% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external 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 Chile totaled $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.7%).

Frozen Fish Fillet Imports

Imports into the Dominican Republic

In 2022, frozen fish fillet imports into the Dominican Republic surged to X tons, increasing by 32% compared with the previous year's figure. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 86% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, frozen fish fillet imports skyrocketed to $X in 2022. Overall, imports recorded significant 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 frozen fish fillet to the Dominican Republic, accounting for a 63% share of total imports. Moreover, frozen fish fillet imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam totaled +33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.4% per year) and Chile (+62.5% per year).

In value terms, Vietnam ($X), China ($X) and Chile ($X) constituted the largest frozen fish fillet suppliers to the Dominican Republic, together accounting for 94% of total imports.

In terms of the main suppliers, Chile, with a CAGR of +68.8%, recorded the highest growth rate of 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 frozen fish fillet import price stood at $X per ton in 2022, with an increase of 39% against the previous year. Overall, the import price, however, showed a perceptible setback. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 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 Chile ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.9%), 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 frozen fish fillet in the world?

The countries with the highest volumes of in 2021 were the United States, Vietnam and Germany, with a combined 43% share of global consumption. These countries were followed by China, the UK, Japan, France, Poland, Spain, Italy, Mexico, Russia and Greenland, which together accounted for a further 34%.

What are the largest producers of frozen fish fillet in the world?

The countries with the highest volumes of in 2021 were Vietnam, China and the United States, with a combined 53% share of global production. Germany, Norway, the UK, Chile, Russia, Greenland, Argentina, Iceland, Namibia and France lagged somewhat behind, together comprising a further 31%.

What are the leading suppliers of frozen fish fillet to the Dominican Republic?

In value terms, China, Vietnam and the United States constituted the largest frozen fish fillet suppliers to the Dominican Republic, with a combined 79% share of total imports. These countries were followed by Chile and Spain, which together accounted for a further 17%.

What is the average export price for frozen fish fillet in the Dominican Republic?

The average frozen fish fillet export price stood at $3,718 per ton in 2020, declining by -1.6% against the previous year.

What is the average import price for frozen fish fillet in the Dominican Republic?

The average frozen fish fillet import price stood at $7,425 per ton in 2021, rising by 43% against the previous year.

This report provides an in-depth analysis of the frozen fish fillet market 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 10201400 - Frozen fish fillets

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