Dominican Republic - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Palm Oil Price in the Dominican Republic - 2023
Contents:
- Crude Palm Oil Price in the Dominican Republic (CIF) - 2023
- Crude Palm Oil Price in the Dominican Republic (FOB) - 2023
- Crude Palm Oil Imports in the Dominican Republic
- Crude Palm Oil Exports in the Dominican Republic
Crude Palm Oil Price in the Dominican Republic (CIF) - 2023
The average crude palm oil import price stood at $1,077 per ton in March 2023, waning by -13.4% against the previous month. In general, the import price saw a pronounced descent. The most prominent rate of growth was recorded in August 2022 an increase of 34% m-o-m. As a result, import price attained the peak level of $2,108 per ton. From September 2022 to March 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In March 2023, the country with the highest price was Malaysia ($1,105 per ton), while the price for Colombia stood at $1,077 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Peru (0.0%), while the prices for the other major suppliers experienced a decline.
Crude Palm Oil Price in the Dominican Republic (FOB) - 2023
In January 2023, the average crude palm oil export price amounted to $1,694 per ton, approximately equating the previous month. In general, the export price continues to indicate a slight slump. As a result, the export price reached the peak level of $1,984 per ton. From February 2022 to January 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From January 2022 to January 2023, the rate of growth in terms of prices for Haiti amounted to -1.3% per month.
Crude Palm Oil Imports in the Dominican Republic
In 2022, purchases abroad of crude palm oil decreased by -13.4% to 59K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports reached the peak of 69K tons, and then shrank in the following year.
In value terms, crude palm oil imports expanded to $87M in 2022. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 125% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Crude Palm Oil in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 3.5 | 10.0 | 34.3 | 59.8 | 157.6% |
| Guatemala | 7.6 | 5.3 | 7.6 | 14.7 | 24.6% |
| Honduras | 0.3 | 3.5 | 4.3 | 9.1 | 211.9% |
| Peru | 6.7 | 11.1 | 29.8 | 3.3 | -21.0% |
| Malaysia | 1.1 | 0.7 | 0.5 | 0.1 | -55.0% |
| Ecuador | 3.6 | 6.1 | 7.3 | N/A | 42.4% |
| Others | N/A | 0.6 | 0.1 | N/A | -83.3% |
| Total | 23.0 | 37.3 | 84.0 | 87.1 | 55.9% |
Top Suppliers of Crude Palm Oil to the Dominican Republic in 2022:
- Colombia (37.6K tons)
- Guatemala (12.1K tons)
- Honduras (6.5K tons)
- Peru (3.0K tons)
- Malaysia (0.1K tons)
Crude Palm Oil Exports in the Dominican Republic
In 2022, exports of crude palm oil from the Dominican Republic soared to 45 tons, increasing by 39% on the year before. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year. As a result, the exports reached the peak of 51 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, crude palm oil exports surged to $77K in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Crude Palm Oil in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 19.9 | 33.9 | 37.6 | 76.5 | 56.7% |
| Curacao | N/A | 1.9 | N/A | N/A | 0% |
| United States | 17.6 | 15.5 | 15.8 | N/A | -5.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 37.6 | 51.4 | 53.4 | 76.5 | 26.7% |
Top Export Markets for Crude Palm Oil from the Dominican Republic in 2022:
- Haiti (44.8 tons)
This report provides an in-depth analysis of the crude palm 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 257 - Oil of palm
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
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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