What is the price of lobster per kilogram/pound in Dominican Republic today?
The retail price range for Dominican Republic lobster is between US$ 9.60 and US$ 19.21 per kilogram or between US$ 4.36 and US$ 8.71 per pound(lb). Click here to see today's exact prices of lobster in Dominican Republic
The retail price range in Dominican peso for lobster is between DOP 523.95 and DOP 1,047.90 per kilogram or between DOP 237.62 and DOP 475.24 per pound(lb) in Santo Domingo and Santiago de los Caballeros.
Wholesale prices
In 2024, the approximate wholesale price range for Dominican Republic lobster is between US$ 6.72 and US$ 13.45 per kilogram or between US$ 3.05 and US$ 6.10 per pound(lb).
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Dominican Republic Lobster Export Prices - Historical, Trends and Prediction
The export price per kilogram of Lobster from Dominican Republic over the last five years has seen a steady decline. In 2017, the price was 7.17 US $ per kg, which dropped to 5.92 US $ per kg in 2016. This trend continued in 2015, when the price was 6.15 US $ per kg, and in 2014, when it was 6.35 US $ per kg. The lowest price was seen in 2021, when it was 5.76 US $ per kg. However, the price has seen an increase in the last two years, with it being 9.34 US $ per kg in 2020 and 7.42 US $ per kg in 2019. Based on this trend, it is predicted that the export price per kilogram of Lobster from Dominican Republic in 2023 will be around 8.00 US $ per kg and in 2024 will be around 7.00 US $ per kg.Dominican Republic Lobster Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lobster into Dominican Republic over the last five years has been relatively stable. In 2017, the price was 7.17 US$ per kg, followed by a significant increase to 12.29 US$ per kg in 2018. This was followed by a decrease to 7.42 US$ per kg in 2019 and then a slight increase to 9.34 US$ per kg in 2020. The most recent year, 2021, saw a decrease to 5.76 US$ per kg. Based on this trend, it is predicted that the import price per kilogram of Lobster into Dominican Republic in 2023 will be around 7.00 US$ per kg and in 2024 will be around 6.00 US$ per kg.Export values for Dominican Republic lobster
The total values in export for lobster in the Dominican Republic were US$ 2,589, US$ 2,574, US$ 2,790 and US$ 1,239 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Dominican Republic: Sea Bass, Sea Bream, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of lobster in other countries across Caribbean: Aruba lobster, Bahamas lobster, Barbados lobster, Cuba lobster, Dominican Republic lobster, Grenada lobster, Guadeloupe lobster, Haiti lobster, Jamaica lobster & Martinique lobster.
Dominican Republic lobster - Production, Exports, Imports, Seasons and HS Codes
In 2019 The Dominican Republic sold 167 tonnes of lobster. For the year 2019 alone, the market for the Dominican Republic lobster (seafood category) has gone down, flactuating by -26.432 per cent compared to the year 2018. Between 2017 and 2019, lobster's exports decreased by -53.48 percent earning the exporter US$1.24m for the year 2019. the Dominican Republic's lobster exports are categorised as:
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030691)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, live, fresh or chilled (HS code 030631)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, live, fresh or chilled (HS code 030634)
- Lobster (HS code 0306Xd)
- Lobster, prepared or preserved (excluding smoked) (HS code 160530)
- Frozen Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030615)
- Lobsters "Homarus spp.", whether in shell or not, live, fresh or chilled (HS code 030632)
- Lobsters "Homarus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030622)
- Frozen lobsters "Homarus spp.", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030612)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030621)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030694)
- Frozen rock lobster and other sea crawfish "Palinurus spp.", "Panulirus spp." and "Jasus spp.", even smoked, whether in shell or not, incl. rock lobster and other sea crawfish in shell, cooked by steaming or by boiling in water (HS code 030611)
- Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030625)
- Lobsters "Homarus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030692)
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Dominican Republic lobster export values
In 2019, the Dominican Republic shipped lobster costing 1.24m USD, a reduction of -55.56% from 2018's total lobster export of 2.79m USD. The yearly reduction in value of the Dominican Republic lobster between 2017 to 2018 was 8.392 pc.
The annual change in the volume of the Dominican Republic's lobster exports between 2017 and 2019 was -53.48 percent when compared to a variation of -26.432% in the growth rate between 2018 and 2019.
the Dominican Republic's portion of the world's total lobster's exports in 2019 was less than 1%. The country holds position 60 in world exports of lobster.
Export markets for Dominican Republic lobster ( in '000$ )
Import/Export Trends
the Dominican Republic is a net importer of lobster. The annual growth of the Dominican Republic lobster in value between 2015 to 2019 was -11%, per year, while annual growth in quantity through the same period was -22%, per annum.
the Dominican Republic purchased 106 tonnes of lobster in 2019.