Report Update Feb 1, 2025

Dominican Republic - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Refined Maize Oil Market 2025

Refined Maize Oil Market Size in the Dominican Republic

In 2021, after three years of decline, there was significant growth in the Dominican refined maize oil market, when its value increased by 31% to $X. Overall, consumption, however, saw a slight reduction. Refined maize oil consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Refined Maize Oil Production in the Dominican Republic

In value terms, refined maize oil production surged to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 67%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Refined Maize Oil Exports

Exports from the Dominican Republic

In 2021, overseas shipments of refined maize (corn) oil decreased by 0% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of 2,478,592%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, refined maize oil exports amounted to $X in 2021. In general, exports showed significant growth. The growth pace was the most rapid in 2014 when exports increased by 1,092,840%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for refined maize oil exports from the Dominican Republic, with a 98% share of total exports. It was followed by the United States (X tons), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Haiti amounted to +114.0%.

From 2012 to 2021, the average annual growth rate of value to Haiti totaled +111.9%.

Export Prices by Country

The average refined maize oil export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price showed a perceptible downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 146%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.7%).

Refined Maize Oil Imports

Imports into the Dominican Republic

In 2021, refined maize oil imports into the Dominican Republic declined dramatically to X tons, reducing by -41.1% against the year before. In general, imports saw a deep downturn. The growth pace was the most rapid in 2013 when imports increased by 111% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, refined maize oil imports reduced remarkably to $X in 2021. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 111% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of refined maize oil to the Dominican Republic, accounting for a 99% share of total imports. It was followed by Spain (X kg), with a 0.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -12.5%.

In value terms, the United States ($X) constituted the largest supplier of refined maize (corn) oil to the Dominican Republic, comprising 99% of total imports. The second position in the ranking was held by Spain ($X), with a 0.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -8.2%.

Import Prices by Country

The average refined maize oil import price stood at $X per ton in 2021, increasing by 23% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, refined maize oil import price increased by +55.8% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 56%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined maize (corn) oil in the world?

China remains the largest refined maize oil consuming country worldwide, accounting for 18% of total volume. Moreover, refined maize oil consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 4% share.

What are the largest producers of refined maize (corn) oil in the world?

China constituted the country with the largest volume of refined maize oil production, accounting for 19% of total volume. Moreover, refined maize oil production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 4.9% share.

What are the leading suppliers of refined maize (corn) oil to the Dominican Republic?

In value terms, the United States constituted the largest supplier of refined maize oil to the Dominican Republic, comprising 85% of total imports. The second position in the ranking was occupied by Spain, with a 9.2% share of total imports. It was followed by Germany, with a 2.2% share.

What are the leading importers of refined maize (corn) oil from the Dominican Republic?

In value terms, the United States remains the key foreign market for refined maize oil exports from the Dominican Republic, comprising 80% of total exports. The second position in the ranking was occupied by Haiti, with a 20% share of total exports.

What is the average export price for refined maize (corn) oil in the Dominican Republic?

The average refined maize oil export price stood at $1,330 per ton in 2021, rising by 1.7% against the previous year.

What is the average import price for refined maize (corn) oil in the Dominican Republic?

In 2021, the average refined maize oil import price amounted to $2,761 per ton, falling by -29.8% against the previous year.

This report provides an in-depth analysis of the refined maize 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 10621460 - Refined maize (corn) 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
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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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024