Dominican Republic - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingVirgin Olive Oil Price in the Dominican Republic - 2021
Contents:
- Virgin Olive Oil Price in the Dominican Republic (CIF) - 2021
- Virgin Olive Oil Price in the Dominican Republic (FOB) - 2022
- Virgin Olive Oil Imports in the Dominican Republic
- Virgin Olive Oil Exports in the Dominican Republic
Virgin Olive Oil Price in the Dominican Republic (CIF) - 2021
In December 2021, the average virgin olive oil import price amounted to $7,266 per ton, surging by 36% against the previous month. In general, the import price recorded moderate growth. The growth pace was the most rapid in February 2021 an increase of 698% m-o-m. As a result, import price reached the peak level of $33,193 per ton. From March 2021 to December 2021, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From December 2020 to December 2021, the rate of growth in terms of prices for Spain amounted to +2.6% per month.
Virgin Olive Oil Price in the Dominican Republic (FOB) - 2022
In 2022, the average virgin olive oil export price amounted to $3,660 per ton, increasing by 51% against the previous year. Overall, the export price, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 61%. As a result, the export price reached the peak level of $5,719 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($4,409 per ton), while the average price for exports to the United States amounted to $3,502 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Virgin Olive Oil Imports in the Dominican Republic
In 2022, purchases abroad of virgin olive oil was finally on the rise to reach 2.3K tons after two years of decline. In general, imports, however, saw a noticeable decline.
In value terms, virgin olive oil imports contracted slightly to $12M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 8.6%.
| Import of Virgin Olive Oil in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 9.2 | 9.9 | 11.0 | 10.5 | 4.5% |
| Italy | 0.7 | 1.0 | 0.9 | 0.9 | 8.7% |
| United States | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 10.3 | 11.2 | 12.0 | 11.6 | 4.0% |
Top Suppliers of Virgin Olive Oil to the Dominican Republic in 2022:
- Spain (2071.3 tons)
- Italy (162.9 tons)
- United States (96.1 tons)
Virgin Olive Oil Exports in the Dominican Republic
In 2022, after two years of decline, there was significant growth in overseas shipments of virgin olive oil, when their volume increased by 22% to 7.5 tons. In general, exports, however, faced a precipitous curtailment.
In value terms, virgin olive oil exports soared to $27K in 2022. Overall, exports, however, showed a significant contraction.
| Export of Virgin Olive Oil in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 82.3 | 5.1 | 9.9 | 22.2 | -35.4% |
| Haiti | 6.3 | 1.5 | 4.6 | 4.8 | -8.7% |
| Venezuela | N/A | 30.7 | N/A | N/A | 0% |
| Others | 10.4 | 2.5 | 0.4 | 0.4 | -66.2% |
| Total | 99.0 | 39.8 | 14.9 | 27.4 | -34.8% |
Top Export Markets for Virgin Olive Oil from the Dominican Republic in 2022:
- United States (6.3 tons)
- Haiti (1.1 tons)
This report provides an in-depth analysis of the virgin olive 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 261 - Oil of Olives, Virgin
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
-
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
-
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
-
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
-
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
-
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
-
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
465
This report provides an in-depth analysis of the virgin olive oil market in the Dominican Republic.
231
This report provides an in-depth analysis of the olive oil market in the Dominican Republic.
279
This report provides an in-depth analysis of the refined olive oil market in the Dominican Republic.
5049
This report provides an in-depth analysis of the global virgin olive oil market.
557
This report provides an in-depth analysis of the global olive oil market.
557
This report provides an in-depth analysis of the global refined olive oil market.
465
This report provides an in-depth analysis of the virgin olive oil market in the Dominican Republic.
231
This report provides an in-depth analysis of the olive oil market in the Dominican Republic.
279
This report provides an in-depth analysis of the refined olive oil market in the Dominican Republic.
5049
This report provides an in-depth analysis of the global virgin olive oil market.
453
Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
723
The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
3385
In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.
5678
Global virgin olive oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
2154
In 2015, the country with the largest volume of the virgin olive oil output was Spain (X thousand tons), accounting for X% of global production.
1289
Spain continued its dominance in the global olive oil trade. In 2014, Spain exported X thousand tons of olive oil totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total oliv
1466
The olive oil industry, connected, as it is, to a product that has long been acknowledged to contain extraordinary health properties, has always thrived in the countries of the Mediterranean region. The Omega-X monounsaturated fatty acids and antioxida
453
Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
723
The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
3385
In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.
