Dominican Republic: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in the Dominican Republic

In 2021, the Dominican market for prepared or preserved crab meat decreased by less than 0.1% to $X, falling for the second year in a row after three years of growth. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Prepared Or Preserved Crab Meat in the Dominican Republic

In value terms, prepared or preserved crab meat production amounted to $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.5% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 38% against the previous year. Prepared or preserved crab meat production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports from the Dominican Republic

After two years of decline, overseas shipments of prepared or preserved crab meat decreased by 0% to X kg in 2021. In general, exports showed a precipitous decline. The smallest decline of -16.7% was in 2017. Over the period under review, the exports reached the maximum at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports declined to $X in 2021. Overall, exports continue to indicate a sharp downturn. Over the period under review, the exports attained the maximum 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 prepared or preserved crab meat exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -43.7%.

In value terms, the United States ($X) also remains the key foreign market for prepared or preserved crab meat exports from the Dominican Republic.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -42.3%.

Export Prices by Country

In 2021, the average export price for prepared or preserved crab meat amounted to $X per ton, falling by -6.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 25%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +2.4% per year.

Imports of Prepared Or Preserved Crab Meat

Imports into the Dominican Republic

In 2021, approx. X kg of prepared or preserved crab meat were imported into the Dominican Republic; jumping by 45% compared with the year before. In general, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 1,092% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, prepared or preserved crab meat imports soared to $X in 2021. Overall, imports, however, saw a sharp setback. The growth pace was the most rapid in 2019 when imports increased by 967%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X kg), the United States (X kg) and Indonesia (X kg) were the main suppliers of prepared or preserved crab meat imports to the Dominican Republic, with a combined 60% share of total imports. Vietnam, Thailand, South Korea and Spain lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, India ($X) constituted the largest supplier of prepared or preserved crab meat to the Dominican Republic, comprising 32% of total imports. The second position in the ranking was held by Indonesia ($X), with a 16% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to -13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-4.1% per year) and the United States (-25.3% per year).

Import Prices by Country

The average import price for prepared or preserved crab meat stood at $X per ton in 2021, picking up by 53% against the previous year. Overall, the import price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2018 an increase of 117% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+16.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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