Non-Liquid Margarine Price in the Dominican Republic - 2023
Contents:
- Non-Liquid Margarine Price in the Dominican Republic (FOB) - 2023
- Non-Liquid Margarine Price in the Dominican Republic (CIF) - 2023
- Non-Liquid Margarine Exports in the Dominican Republic
- Non-Liquid Margarine Imports in the Dominican Republic
Non-Liquid Margarine Price in the Dominican Republic (FOB) - 2023
The average non-liquid margarine export price stood at $2,570 per ton in March 2023, picking up by 5% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when the average export price increased by 17% against the previous month. As a result, the export price reached the peak level of $2,674 per ton. From September 2022 to March 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In March 2023, the country with the highest price was the United States ($2,457 per ton), while the average price for exports to Haiti amounted to $2,327 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.1%).
Non-Liquid Margarine Price in the Dominican Republic (CIF) - 2023
The average non-liquid margarine import price stood at $2,281 per ton in March 2023, reducing by -2.7% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in July 2022 when the average import price increased by 26% against the previous month. As a result, import price reached the peak level of $2,664 per ton. From August 2022 to March 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($3,902 per ton), while the price for Costa Rica ($372 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Exports in the Dominican Republic
In 2022, overseas shipments of non-liquid margarine decreased by -7.7% to 3.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 6.7%. As a result, the exports attained the peak of 3.6K tons, and then contracted in the following year.
In value terms, non-liquid margarine exports rose remarkably to $7.4M in 2022. The total export value increased at an average annual rate of +10.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Non-Liquid Margarine in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 3.5 | 3.6 | 3.9 | 4.1 | 5.4% |
| United States | 1.9 | 2.0 | 3.0 | 3.3 | 20.2% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 5.5 | 5.6 | 6.9 | 7.4 | 10.4% |
Top Export Markets for Non-Liquid Margarine from the Dominican Republic in 2022:
- Haiti (1.9K tons)
- United States (1.4K tons)
Non-Liquid Margarine Imports in the Dominican Republic
In 2022, overseas purchases of non-liquid margarine decreased by -2.1% to 3.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 143%.
In value terms, non-liquid margarine imports surged to $6.9M in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 117% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Non-Liquid Margarine in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 107 | 2,527 | 1,158 | 2,559 | 188.1% |
| United States | 1,083 | 1,403 | 1,396 | 1,418 | 9.4% |
| Belgium | 669 | 270 | 701 | 1,047 | 16.1% |
| Guatemala | 154 | 258 | 957 | 956 | 83.8% |
| Colombia | 174 | 173 | 294 | 602 | 51.2% |
| Brazil | N/A | 87.3 | 477 | 156 | 33.7% |
| Costa Rica | N/A | 28.9 | 63.6 | 44.3 | 23.8% |
| Others | 25.2 | 44.8 | 15.8 | 92.8 | 54.4% |
| Total | 2,212 | 4,791 | 5,062 | 6,874 | 45.9% |
Top Suppliers of Non-Liquid Margarine to the Dominican Republic in 2022:
- Spain (1054.9 tons)
- Guatemala (593.5 tons)
- United States (466.6 tons)
- Colombia (396.2 tons)
- Belgium (383.8 tons)
- Costa Rica (117.0 tons)
- Brazil (76.3 tons)
406
This report provides an in-depth analysis of the margarine and shortening market in the Dominican Republic.
575
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
2036
This report provides an in-depth analysis of the global margarine and shortening market.
406
This report provides an in-depth analysis of the margarine and shortening market in the Dominican Republic.
575
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
2036
This report provides an in-depth analysis of the global margarine and shortening market.
114
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5337
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4503
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
114
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5337
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4503
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
