Report Update Nov 1, 2024

Dominican Republic - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Sesame Oil Market 2024

Sesame Oil Market Size in the Dominican Republic

The Dominican sesame oil market soared to $X in 2022, picking up by 99% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a significant expansion. Sesame oil consumption peaked in 2022 and is expected to retain growth in the immediate term.

Sesame Oil Exports

Exports from the Dominican Republic

In 2022, sesame oil exports from the Dominican Republic dropped rapidly to X kg, falling by -44.4% on the year before. In general, exports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2016 with an increase of 360% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sesame oil exports shrank notably to $X in 2022. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 209% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X kg) and Poland (X kg) were the main destinations of sesame oil exports from the Dominican Republic.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of 0.0%).

In value terms, the largest markets for sesame oil exported from the Dominican Republic were the United States ($X) and Poland ($X).

Among the main countries of destination, Poland, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average sesame oil export price stood at $X per ton in 2022, picking up by 52% against the previous year. In general, the export price recorded perceptible growth. The growth pace was the most rapid in 2014 when the average export price increased by 71% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+45.9%).

Sesame Oil Imports

Imports into the Dominican Republic

In 2022, approx. X tons of sesame oil were imported into the Dominican Republic; rising by 79% compared with the previous year. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 142%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, sesame oil imports skyrocketed to $X in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 114%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest sesame oil supplier to the Dominican Republic, with a 87% share of total imports. Moreover, sesame oil imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+24.2% per year) and Germany (+52.1% per year).

In value terms, China ($X) constituted the largest supplier of sesame oil to the Dominican Republic, comprising 90% of total imports. The second position in the ranking was held by the United States ($X), with a 4.6% share of total imports. It was followed by South Korea, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+26.3% per year) and South Korea (+60.4% per year).

Import Prices by Country

The average sesame oil import price stood at $X per ton in 2022, surging by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 60%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sesame oil in the world?

The countries with the highest volumes of sesame oil consumption in 2021 were China, Myanmar and India, together accounting for 49% of global consumption. Japan, Turkey, Tanzania, Uganda, Nigeria, South Sudan, Saudi Arabia, Mexico, South Korea and Iran lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of sesame oil in the world?

The countries with the highest volumes of sesame oil production in 2021 were China, Myanmar and India, together accounting for 51% of global production. Japan, Nigeria, Turkey, Tanzania, Uganda, Mexico, South Sudan, Saudi Arabia, South Korea and Sudan lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of sesame oil to the Dominican Republic?

In value terms, China constituted the largest supplier of sesame oil to the Dominican Republic, comprising 62% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 12% share of total imports. It was followed by Japan, with a 10% share.

What are the leading importers of sesame oil from the Dominican Republic?

In value terms, the United States $20) remains the key foreign market for sesame oil exports from the Dominican Republic.

What is the average export price for sesame oil in the Dominican Republic?

In 2021, the average sesame oil export price amounted to $2,000 per ton, remaining constant against the previous year.

What is the average import price for sesame oil in the Dominican Republic?

In 2021, the average sesame oil import price amounted to $5,600 per ton, falling by -5% against the previous year.

This report provides an in-depth analysis of the sesame 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 290 - Oil of Sesame Seed

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