Key Market Indicators
Dominican demand for soybean oil is expected to reach 93,700 metric tons by 2026, a slight increase of 0.1% per year on average since 2017. Currently, the Dominican Republic ranks 27th in the world in terms of consumption, with North Korea overtaking them at 93,000 metric tons. China, India and Brazil are the top three consumers in the world. Production of soybean oil in the Dominican Republic is projected to reach 4,430 metric tons by 2026, an average annual growth of 4.2% since 1974. The country currently stands at 74th in the world, with Singapore ahead of them at 3,440 metric tons. The United States, Brazil and Argentina occupy the top three spots for production.
