What is the price of essential oils per kilogram/pound in Dominican Republic today?
The retail price range for Dominican Republic essential oils is between US$ 12.55 and US$ 32.83 per kilogram or between US$ 5.69 and US$ 14.89 per pound(lb). Click here to see today's exact prices of essential oils in Dominican Republic
The retail price range in Dominican peso for essential oils is between DOP 684.44 and DOP 1,790.92 per kilogram or between DOP 310.40 and DOP 812.21 per pound(lb) in Santo Domingo and Santiago de los Caballeros.
Wholesale prices
In 2024, the approximate wholesale price range for Dominican Republic essential oils is between US$ 8.78 and US$ 22.98 per kilogram or between US$ 3.98 and US$ 10.42 per pound(lb).
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Dominican Republic Essential Oils Export Prices - Historical, Trends and Prediction
The export price per kilogram of Essential Oils from Dominican Republic over the last five years has been quite varied. In 2017, the price was 18.46 US $ per kg, followed by a sharp decrease to 10.69 US $ per kg in 2018. In 2019, the price rose to 15.60 US $ per kg, before dropping to a low of 1.59 US $ per kg in 2020. The price then increased to 6.68 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Essential Oils from Dominican Republic in 2023 will be around 8.64 US $ per kg and in 2024 will be around 10.16 US $ per kg.Dominican Republic Essential Oils Import Prices - Historical, Trends and Prediction
The import price per kilogram of Essential Oils into Dominican Republic over the last five years has been quite varied. In 2016, the price was 6.12 US$ per kg, followed by a significant increase to 18.46 US$ per kg in 2017. This was followed by a decrease to 10.69 US$ per kg in 2018, and then an increase to 15.60 US$ per kg in 2019. The most recent year, 2020, saw a sharp decrease to 1.59 US$ per kg. The trend for 2021 is an increase to 6.68 US$ per kg. Based on the data, it is likely that the import price per kilogram of Essential Oils into Dominican Republic will continue to increase in the coming years. We predict that the price will be around 8.27 US$ per kg in 2023 and 10.86 US$ per kg in 2024.Export values for Dominican Republic essential oils
The total values in export for essential oils in the Dominican Republic were US$ 1,261, US$ 1,163, US$ 1,336 and US$ 624 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Dominican Republic: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of essential oils in other countries across Caribbean: Aruba essential oils, Bahamas essential oils, Barbados essential oils, Cuba essential oils, Dominican Republic essential oils, Grenada essential oils, Guadeloupe essential oils, Haiti essential oils, Jamaica essential oils & Martinique essential oils.
Dominican Republic essential oils - Production, Exports, Imports, Seasons and HS Codes
In 2019 The Dominican Republic sold 40 tonnes of essential oils. For the year 2019 alone, the interest in the Dominican Republic essential oils (processed category) has shrunk, with a change of -68 per cent compared to the year 2018. Between 2017 and 2019, essential oils' exports went down by -36.51 percent netting the nation US$0.62m for the year 2019. the Dominican Republic's essential oils exports are categorised as:
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
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Dominican Republic essential oils export values
In 2019, the Dominican Republic exported essential oils valued at 0.62m USD, a contraction of -53.59% from 2018's total essential oils export of 1.336m USD. The yearly reduction in value of the Dominican Republic essential oils between 2017 to 2018 was 14.875%.
The per year change in the volume of the Dominican Republic's essential oils exports between 2017 and 2019 was -36.51 percent when compared to a variation of -68% in the growth rate between 2018 and 2019.
the Dominican Republic's stake of the world's total essential oils' exports in 2019 was less than 1%. the Dominican Republic is ranked position 74 in world exports of essential oils.
Export markets for Dominican Republic essential oils ( in '000$ )
Import/Export Trends
the Dominican Republic is a net importer of essential oils. The annual growth of the Dominican Republic essential oils in value between 2015 to 2019 was -37%, per year, while annual growth in quantity during the same period was %, per annum.
the Dominican Republic purchased 102 tonnes of essential oils in 2019.