Key Market Indicators
Consumption of palm oil in the Dominican Republic is forecast to rise slightly to 86,000 metric tons by 2026, up from 85,000 in 2021. This would represent an average annual growth rate of 0.2%. Since 2017, demand has remained unchanged. The Dominican Republic was in 33rd place in 2021, overtaken by Senegal, which consumed 85,000 metric tons. India, Indonesia and Nigeria came in second, third and fourth place respectively in the ranking. Meanwhile, production of palm oil in the Dominican Republic is projected to reach 63,030 metric tons by 2026, up from 57,010 in 2021. This would constitute a compound annual growth rate of 1.7%. Since 1994, supply has grown by 1.9% each year. The Dominican Republic was in 25th place in 2021, surpassed by Sierra Leone, which produced 57,010 metric tons. Malaysia, Thailand and Colombia were second, third and fourth in the listing.
