Dominican Republic - Crude Oil and Processed Petroleum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crude Oil and Processed Petroleum in the Dominican Republic - 2023
Contents:
- Price for Crude Oil and Processed Petroleum in the Dominican Republic (CIF) - 2022
- Price for Crude Oil and Processed Petroleum in the Dominican Republic (FOB) - 2022
- Imports of Crude Oil and Processed Petroleum in the Dominican Republic
- Exports of Crude Oil and Processed Petroleum in the Dominican Republic
Price for Crude Oil and Processed Petroleum in the Dominican Republic (CIF) - 2022
In 2022, the average import price for crude oil and processed petroleum amounted to $809 per ton, growing by 88% against the previous year. Overall, the import price, however, continues to indicate a mild shrinkage. Over the period under review, average import prices attained the maximum at $912 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($2,123 per ton), while the price for the United States ($789 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Crude Oil and Processed Petroleum in the Dominican Republic (FOB) - 2022
The average export price for crude oil and processed petroleum stood at $617 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 109% against the previous year. As a result, the export price attained the peak level of $1,055 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($9,600 per ton), while the average price for exports to the United States ($568 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+108.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crude Oil and Processed Petroleum in the Dominican Republic
In 2022, the amount of crude oil and processed petroleum imported into the Dominican Republic fell to 4.4M tons, declining by -5.4% compared with 2021 figures. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 82%.
In value terms, crude oil and processed petroleum imports surged to $3.5B in 2022. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 96%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Crude Oil and Processed Petroleum in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,700 | 667 | 1,554 | 3,268 | 24.3% |
United Kingdom | 0.1 | 0.1 | 0.2 | 149 | 1042.2% |
Mexico | 104 | 49.5 | 81.4 | 5.0 | -63.6% |
Netherlands | 120 | 55.7 | 57.4 | 1.4 | -77.3% |
Nigeria | 135 | 46.1 | 63.3 | N/A | -31.5% |
Others | 353 | 189 | 223 | 97.4 | -34.9% |
Total | 2,412 | 1,008 | 1,979 | 3,521 | 13.4% |
Top Suppliers of Crude Oil and Processed Petroleum to the Dominican Republic in 2022:
- United States (4141.4K tons)
- United Kingdom (142.8K tons)
- Mexico (2.3K tons)
- Netherlands (0.7K tons)
Exports of Crude Oil and Processed Petroleum in the Dominican Republic
Crude oil and processed petroleum exports from the Dominican Republic contracted notably to 20K tons in 2022, falling by -58.9% compared with the previous year's figure. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 82,999%. As a result, the exports reached the peak of 49K tons, and then reduced notably in the following year.
In value terms, crude oil and processed petroleum exports shrank rapidly to $12M in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 48,538%. As a result, the exports reached the peak of $30M, and then contracted remarkably in the following year.
Export of Crude Oil and Processed Petroleum in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | N/A | N/A | N/A | 4.5 | 0% |
France | N/A | N/A | 10.7 | 3.3 | -69.2% |
United States | N/A | N/A | 1.3 | 0.5 | -61.5% |
Jamaica | 0.1 | N/A | 0.4 | 0.2 | 26.0% |
Cayman Islands | N/A | N/A | 6.6 | N/A | 0% |
Others | 0.1 | N/A | 11.1 | 3.8 | 236.2% |
Total | 0.1 | 0.1 | 30.1 | 12.3 | 397.3% |
Top Export Markets for Crude Oil and Processed Petroleum from the Dominican Republic in 2022:
- Colombia (7.0K tons)
- France (5.7K tons)
- United States (0.9K tons)
- Jamaica (0.3K tons)
This report provides an in-depth analysis of the market for crude oil and processed petroleum 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:
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
This report provides an in-depth analysis of the market for crude oil and processed petroleum in the Dominican Republic.
This report provides an in-depth analysis of the crude oil market in the Dominican Republic.
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
This report provides an in-depth analysis of the global crude oil market.
This report provides an in-depth analysis of the market for crude oil and processed petroleum in the Dominican Republic.
This report provides an in-depth analysis of the crude oil market in the Dominican Republic.
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
This report provides an in-depth analysis of the global crude oil market.
Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.