Report Update Nov 1, 2024

Dominican Republic - Refined Rape, Colza or Mustard Oil - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in the Dominican Republic

The Dominican refined rapeseed oil market rose slightly to $X in 2022, increasing by 4.5% against the previous year. In general, consumption, however, showed a perceptible decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Refined Rapeseed Oil Production in the Dominican Republic

In value terms, refined rapeseed oil production expanded to $X in 2022 estimated in export price. In general, production, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 34% against the previous year. Refined rapeseed oil production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Rapeseed Oil Exports

Exports from the Dominican Republic

Refined rapeseed oil exports from the Dominican Republic stood at X kg in 2022, approximately mirroring the previous year. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 29,154%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, refined rapeseed oil exports totaled $X in 2022. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 25,956%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turks and Caicos Islands (X kg) was the main destination for refined rapeseed oil exports from the Dominican Republic, accounting for a approx. 99% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Turks and Caicos Islands amounted to +119.8%.

From 2014 to 2022, the average annual growth rate of value to Turks and Caicos Islands was relatively modest.

Export Prices by Country

In 2022, the average refined rapeseed oil export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 3.3% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Turks and Caicos Islands.

From 2014 to 2022, the rate of growth in terms of prices for Turks and Caicos Islands amounted to +8.4% per year.

Refined Rapeseed Oil Imports

Imports into the Dominican Republic

In 2022, purchases abroad of refined rape, colza or mustard oil decreased by -5% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,463%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, refined rapeseed oil imports surged to $X in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 1,460% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main supplier of refined rapeseed oil to the Dominican Republic, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +39.2%.

In value terms, the United States ($X) constituted the largest supplier of refined rape, colza or mustard oil to the Dominican Republic.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +49.4%.

Import Prices by Country

In 2022, the average refined rapeseed oil import price amounted to $X per ton, surging by 41% against the previous year. Over the period under review, the import price posted resilient growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +7.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined rape, colza or mustard oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 34% of global consumption. These countries were followed by Japan, Russia, Pakistan, Brazil, Indonesia, Nigeria, Bangladesh, Germany, Mexico and Poland, which together accounted for a further 24%.

What are the largest producers of refined rape, colza or mustard oil in the world?

China remains the largest refined rapeseed oil producing country worldwide, accounting for 17% of total volume. Moreover, refined rapeseed oil production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Canada, with a 6.4% share.

What are the leading suppliers of refined rape, colza or mustard oil to the Dominican Republic?

In value terms, the United States constituted the largest supplier of refined rapeseed oil to the Dominican Republic, comprising 78% of total imports. The second position in the ranking was occupied by Mexico, with a 7.2% share of total imports. It was followed by Canada, with a 5.3% share.

What are the leading importers of refined rape, colza or mustard oil from the Dominican Republic?

In value terms, Cuba remains the key foreign market for refined rapeseed oil exports from the Dominican Republic.

What is the average export price for refined rape, colza or mustard oil in the Dominican Republic?

In 2018, the average refined rapeseed oil export price amounted to $1,270 per ton, rising by 19% against the previous year.

What is the average import price for refined rape, colza or mustard oil in the Dominican Republic?

In 2021, the average refined rapeseed oil import price amounted to $1,371 per ton, rising by 5.8% against the previous year.

This report provides an in-depth analysis of the refined rapeseed 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 10415600 - Refined rape, colza or mustard oil and their 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.

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023