Key Market Indicators
The consumption of oilseeds in the Dominican Republic is projected to rise to approximately 286,000 metric tons by 2028, up from around 246,000 metric tons in 2023. This marks an average annual growth rate of 2.4%. Since 2019, the demand for oilseeds in the country has increased by 5% each year. In 2023, the Dominican Republic ranked 32nd in global oilseed consumption, with Italy surpassing it at the same level of 246,000 metric tons. India, Indonesia, and Brazil held the 2nd, 3rd, and 4th positions, respectively. On the production front, the Dominican Republic is expected to reach approximately 140,800 metric tons of oilseeds by 2028, up from about 128,880 metric tons in 2023. This represents a compound annual growth rate (CAGR) of 1.4%. Since 1966, the country's oilseed supply has grown by 2.1% each year. In 2023, the Dominican Republic was ranked 78th in global oilseed production, with Venezuela overtaking it at the same production level of 128,880 metric tons. Brazil, Malaysia, and the United States ranked 2nd, 3rd, and 4th, respectively, in this category.
