What is the price of olive oil per kilogram/pound in Dominican Republic today?
The retail price range for Dominican Republic olive oil is between US$ 5.58 and US$ 15.07 per kilogram or between US$ 2.53 and US$ 6.83 per pound(lb). Click here to see today's exact prices of olive oil in Dominican Republic
The retail price range in Dominican peso for olive oil is between DOP 304.54 and DOP 822.16 per kilogram or between DOP 138.11 and DOP 372.86 per pound(lb) in Santo Domingo and Santiago de los Caballeros.
Wholesale prices
In 2024, the approximate wholesale price range for Dominican Republic olive oil is between US$ 3.91 and US$ 10.55 per kilogram or between US$ 1.77 and US$ 4.78 per pound(lb).
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Dominican Republic Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from Dominican Republic over the last five years has been quite varied. In 2017, the price was 8.50 US $ per kg, followed by a sharp decrease to 1.56 US $ per kg in 2016. Prices then rose to 11.33 US $ per kg in 2015, before dropping to 7.06 US $ per kg in 2018. The price then rose again to 7.94 US $ per kg in 2020, before reaching a peak of 15.00 US $ per kg in 2021. Based on this data, it is likely that the export price per kilogram of Olive Oil from Dominican Republic will remain around 15.00 US $ per kg in 2023 and 2024.Dominican Republic Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Dominican Republic over the last five years has been quite varied. In 2017, the price was 8.50 US dollars per kg, followed by a sharp drop to 1.56 US dollars per kg in 2016. Prices then rose again in 2018 to 7.06 US dollars per kg, before dropping to 4.37 US dollars per kg in 2019. The price then increased to 7.94 US dollars per kg in 2020, before reaching a peak of 15.00 US dollars per kg in 2021. Based on this trend, it is predicted that the import price per kilogram of Olive Oil into Dominican Republic in 2023 will be around 11.00 US dollars per kg, and in 2024 it will be around 13.00 US dollars per kg.Export values for Dominican Republic olive oil
The total values in export for olive oil in the Dominican Republic were US$ 712, US$ 34, US$ 113 and US$ 115 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 olive oil in other countries across Caribbean: Aruba olive oil, Bahamas olive oil, Barbados olive oil, Cuba olive oil, Dominican Republic olive oil, Grenada olive oil, Guadeloupe olive oil, Haiti olive oil, Jamaica olive oil & Martinique olive oil.
Dominican Republic olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 The Dominican Republic sold 25 tonnes of olive oil. For the year 2019 alone, the interest in the Dominican Republic olive oil (processed category) has increased, flactuating by 56.25 percent compared to the year 2018. Between 2017 and 2019, olive oil's exports went up by 525 percent earning the Dominican Republic US$0.12m for the year 2019. the Dominican Republic's olive oil exports are categorised as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
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Dominican Republic olive oil export values
In 2019, the Dominican Republic supplied olive oil worth 0.12m USD, a growth of 6.19% from 2018's total olive oil export of 0.113m USD. The yearly increase in value of the Dominican Republic olive oil between 2017 to 2018 was 232.353 pc.
The per year change in the quantity of the Dominican Republic's olive oil exports between 2017 and 2019 was 525 per cent compared to a variation of 56.25% in the period between 2018 and 2019.
the Dominican Republic's share of the world's total olive oil's exports in 2019 was less than 1%. The country is ranked position 87 in world exports of olive oil.
Export markets for Dominican Republic olive oil ( in '000$ )
Import/Export Trends
the Dominican Republic is a net importer of olive oil. The annual growth of the Dominican Republic olive oil in value between 2015 to 2019 was 21%, per year, while annual growth in quantity through the same period was -29%, per annum.
the Dominican Republic brought in 2,795 tonnes of olive oil in 2019.