Which Country Imports the Most Coconut Oil in the World?

Vegetable And Animal Oils And Fats January 25, 2018
Author: Anna Sergeeva
Market Analyst

Global coconut oil imports amounted to 2,127 thousand tonnes in 2015, picking up by +2.3% against the previous year level. Overall, the global coconut oil imports indicated a moderate decline from 2007 to 2015. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The total import volume decreased at an average annual rate of -0.4% over the last eight years.

The growth pace was the most rapid in 2010, when the output figure increased by +41% from the previous year level. In that year, the global coconut oil imports attained its maximum volume of 2,650 thousand tonnes. From 2011 to 2015, the total coconut oil imports growth failed to regain its strength.

In value terms, global coconut oil imports amounted to $2,925 million in 2015. Overall, the value of global coconut oil imports increased robustly from 2007 to 2015, expanding at an average annual rate of +5.8%. This trend pattern, however, indicated relatively mild fluctuations throughout the analyzed period.

Top Coconut Oil Importing Countries in the World

1. USA (549K Tonnes)

2. Netherlands (340K Tonnes)

3. Germany (233K Tonnes)

4. Malaysia (200K Tonnes)

5. China (145K Tonnes)

6. Italy (69K Tonnes)

7. Japan (52K Tonnes)

Coconut Oil Imports By Country

The countries with the highest levels of the coconut oil imports in 2015 were the United States (549 thousand tonnes), the Netherlands (340 thousand tonnes), Germany (233 thousand tonnes), together accounting for 53% of total imports.

From 2007 to 2015, the most notable growth rates of coconut oil imports among the main importing countries was attained by Italy (+2.4% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the country with the largest volume of imports of coconut oil in absolute volumes was the United States (840 million USD), making up 29% of global imports. The second position in the ranking was occupied by the Netherlands (385 million USD), with a share of 13% of global imports. Moreover, coconut oil imports in the United States exceeded the figures recorded by the world's second largest importer, the Netherlands (385 million USD), twofold. It was followed by Germany with a share of 10%.

From 2007 to 2015, an average annual growth rate of coconut oil imports in the United States was at +10.2%. The remaining importing countries experienced the following average annual growth rates: the Netherlands (+3.2% per year) and Germany (+1.4% per year).

Do you want to know more about global coconut oil market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • coconut oil market share
  • coconut oil prices
  • coconut oil industry
  • coconut oil sales
  • coconut oil import
  • coconut oil export
  • coconut oil market forecast
  • coconut oil price forecast
  • key coconut oil producers

Source: World: Coconut (Copra) Oil - Market Report. Analysis And Forecast To 2025