Dominican Republic - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Palm Oil Price in the Dominican Republic - 2023
Contents:
- Refined Palm Oil Price in the Dominican Republic (FOB) - 2023
- Refined Palm Oil Price in the Dominican Republic (CIF) - 2023
- Refined Palm Oil Exports in the Dominican Republic
- Refined Palm Oil Imports in the Dominican Republic
Refined Palm Oil Price in the Dominican Republic (FOB) - 2023
In March 2023, the average refined palm oil export price amounted to $2,081 per ton, falling by -26.1% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 12% month-to-month. As a result, the export price reached the peak level of $2,815 per ton, and then dropped significantly in the following month.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From March 2022 to March 2023, the rate of growth in terms of prices for Haiti amounted to +0.4% per month.
Refined Palm Oil Price in the Dominican Republic (CIF) - 2023
In March 2023, the average refined palm oil import price amounted to $1,651 per ton, increasing by 2.5% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2022 when the average import price increased by 10% m-o-m. The import price peaked at $1,941 per ton in August 2022; however, from September 2022 to March 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Guatemala ($1,825 per ton), while the price for Costa Rica ($692 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 Guatemala (+1.5%), while the prices for the other major suppliers experienced a decline.
Refined Palm Oil Exports in the Dominican Republic
In 2022, approx. 7.2K tons of refined palm oil were exported from the Dominican Republic; jumping by 40% on the previous year. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 889%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, refined palm oil exports soared to $16M in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 912%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Refined Palm Oil in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 1.8 | 0.8 | 9.0 | 15.9 | 106.7% |
| United States | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.1 | 0.9 | 9.0 | 15.9 | 96.4% |
Top Export Markets for Refined Palm Oil from the Dominican Republic in 2022:
- United States (undefinedK tons)
- Haiti (7.2K tons)
Refined Palm Oil Imports in the Dominican Republic
In 2022, imports of refined palm oil into the Dominican Republic surged to 8.8K tons, jumping by 51% compared with 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 122% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, refined palm oil imports skyrocketed to $15M in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 213%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Refined Palm Oil in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 0.1 | 0.7 | 6.6 | 11.0 | 379.1% |
| Colombia | 0.3 | 0.7 | N/A | 2.5 | 102.7% |
| Malaysia | 0.5 | 0.5 | 0.9 | 1.2 | 33.9% |
| United States | 0.4 | 0.6 | N/A | N/A | 50.0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 1.4 | 2.4 | 7.7 | 14.9 | 120.0% |
Top Suppliers of Refined Palm Oil to the Dominican Republic in 2022:
- Guatemala (6.4K tons)
- Colombia (1.7K tons)
- Malaysia (0.6K tons)
This report provides an in-depth analysis of the refined 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:
- Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)
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
-
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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