Dominican Republic: Frozen Lobster Market 2025

Frozen Lobster Market Size in the Dominican Republic

The Dominican frozen lobster market skyrocketed to $X in 2022, rising by 240% against the previous year. In general, consumption, however, continues to indicate a slight setback. Frozen lobster consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Frozen Lobster Production in the Dominican Republic

In value terms, frozen lobster production amounted to $X in 2022 estimated in export price. In general, production, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 3.8%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Frozen Lobster Exports

Exports from the Dominican Republic

In 2022, the amount of frozen lobster exported from the Dominican Republic contracted notably to X tons, dropping by -22.8% against the previous year's figure. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 84%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen lobster exports reduced sharply to $X in 2022. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for frozen lobster exports from the Dominican Republic, accounting for a 94% share of total exports. Moreover, frozen lobster exports to the United Arab Emirates exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+8.8% per year) and the United States (-26.1% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for frozen lobster exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-5.5% per year) and the United States (-21.4% per year).

Export Prices by Country

In 2022, the average frozen lobster export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 25% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.4%), while the prices for the other major destinations experienced a decline.

Frozen Lobster Imports

Imports into the Dominican Republic

Frozen lobster imports into the Dominican Republic soared to X tons in 2022, increasing by 520% compared with 2021. In general, imports saw a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 521% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen lobster imports skyrocketed to $X in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest frozen lobster supplier to the Dominican Republic, with a 55% share of total imports. Moreover, frozen lobster imports from Canada exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled +74.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.5% per year) and Spain (+98.3% per year).

In value terms, the largest frozen lobster suppliers to the Dominican Republic were Canada ($X), the United States ($X) and Spain ($X), with a combined 99.9% share of total imports.

Spain, with a CAGR of +116.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen lobster import price stood at $X per ton in 2022, which is down by -1.6% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen lobster import price increased by +63.7% against 2014 indices. The most prominent rate of growth was recorded in 2019 an increase of 37% against the previous year. The import price peaked at $X per ton in 2021, and then declined slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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