Dominican Republic: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2025

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in the Dominican Republic

In 2021, the Dominican market for oleic, linoleic or linolenic acids, their salts and esters decreased by -0.9% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, recorded a tangible expansion. Oleic, linoleic or linolenic acids consumption peaked at $X in 2020, and then declined in the following year.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in the Dominican Republic

In value terms, oleic, linoleic or linolenic acids production fell to $X in 2021 estimated in export price. In general, production, however, posted a moderate increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 37% against the previous year. Oleic, linoleic or linolenic acids production peaked at $X in 2020, and then fell modestly in the following year.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from the Dominican Republic

After seven years of growth, shipments abroad of oleic, linoleic or linolenic acids, their salts and esters decreased by -79.7% to X tons in 2021. Over the period under review, exports recorded a significant contraction. The pace of growth appeared the most rapid in 2020 with an increase of 8,498% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids exports dropped markedly to $X in 2021. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 5,334%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X tons) was the main destination for oleic, linoleic or linolenic acids exports from the Dominican Republic, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Haiti stood at +317.4%.

In value terms, Haiti ($X) also remains the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value to Haiti amounted to +309.5%.

Export Prices by Country

In 2021, the average export price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, jumping by 52% against the previous year. In general, the export price posted a buoyant expansion. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2012 to 2021, the rate of growth in terms of prices for Haiti amounted to -1.9% per year.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into the Dominican Republic

In 2021, approx. X tons of oleic, linoleic or linolenic acids, their salts and esters were imported into the Dominican Republic; surging by 384% on the previous year. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids imports surged to $X in 2021. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X kg) and the United States (X kg) were the main suppliers of oleic, linoleic or linolenic acids imports to the Dominican Republic, together accounting for 27% of total imports. Italy, Belgium, the UK and Spain lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +152.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to the Dominican Republic, comprising 13% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.2% share of total imports. It was followed by China, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +61.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.2% per year) and China (+10.6% per year).

Import Prices by Country

In 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, with an increase of 12% against the previous year. Overall, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oleic, linoleic or linolenic acids import price increased by +20.0% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 43% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average 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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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