Dominican Republic - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSesame Oil Price in the Dominican Republic - 2023
Contents:
- Sesame Oil Price in the Dominican Republic (CIF) - 2022
- Sesame Oil Price in the Dominican Republic (FOB) - 2022
- Sesame Oil Imports in the Dominican Republic
- Sesame Oil Exports in the Dominican Republic
Sesame Oil Price in the Dominican Republic (CIF) - 2022
In 2022, the average sesame oil import price amounted to $6,450 per ton, increasing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 60% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($7,980 per ton), while the price for Germany ($2,420 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Sesame Oil Price in the Dominican Republic (FOB) - 2022
The average sesame oil export price stood at $3,200 per ton in 2022, surging by 52% against the previous year. In general, the export price showed a temperate expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 71% against the previous year. The export price peaked at $6,400 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($4,000 per ton), while the average price for exports to the United States totaled $2,667 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+45.9%).
Sesame Oil Imports in the Dominican Republic
In 2022, approx. 73 tons of sesame oil were imported into the Dominican Republic; growing by 79% against 2021 figures. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 142%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, sesame oil imports soared to $469K in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 114% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Sesame Oil in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 132 | 68.4 | 169 | 423 | 47.4% |
| United States | 15.4 | 9.2 | 16.8 | 21.7 | 12.1% |
| South Korea | 3.2 | 3.7 | 6.0 | 14.8 | 66.6% |
| Germany | 0.4 | 0.7 | 6.7 | 8.8 | 180.2% |
| Japan | 29.7 | 20.0 | 23.1 | N/A | -11.8% |
| Others | 4.3 | 3.1 | 3.3 | N/A | -12.4% |
| Total | 186 | 105 | 225 | 469 | 36.1% |
Top Suppliers of Sesame Oil to the Dominican Republic in 2022:
- China (63.2 tons)
- United States (4.0 tons)
- Germany (3.6 tons)
- South Korea (1.9 tons)
Sesame Oil Exports in the Dominican Republic
In 2022, approx. 5 kg of sesame oil were exported from the Dominican Republic; shrinking by -44.4% against 2021. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 50% against the previous year. As a result, the exports attained the peak of 9 kg, and then fell markedly in the following year.
In value terms, sesame oil exports plummeted to $16 in 2022. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year.
| Export of Sesame Oil in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.0 | 12.0 | 19.0 | 8.0 | 100.0% |
| Poland | N/A | N/A | N/A | 8.0 | 0% |
| Chile | 28.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 29.0 | 12.0 | 19.0 | 16.0 | -18.0% |
Top Export Markets for Sesame Oil from the Dominican Republic in 2022:
- United States (3.0 kg)
- Poland (2.0 kg)
This report provides an in-depth analysis of the sesame oil 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:
- FCL 290 - Oil of Sesame Seed
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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2964
In 2016, global sesame oil market reached X tons, expanding robustly over the last four years. In wholesale prices, the market totaled $X, also undergoing a prominent expansion. This figure reflects the total revenue of producers and importer
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Global sesame oil consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
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Japan dominates in the global sesame oil trade. In 2014, Japan exported X thousand tons of sesame oil totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total sesame oil exports
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