Australia - Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoconut Oil Price in Australia - 2023
Contents:
- Coconut Oil Price in Australia (CIF) - 2023
- Coconut Oil Price in Australia (FOB) - 2023
- Coconut Oil Imports in Australia
- Coconut Oil Exports in Australia
Coconut Oil Price in Australia (CIF) - 2023
The average coconut oil import price stood at $2,461 per ton in July 2023, increasing by 19% against the previous month. Over the period under review, the import price, however, saw a noticeable setback. Over the period under review, average import prices reached the peak figure at $3,289 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was India ($4,254 per ton), while the price for Fiji ($1,163 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Solomon Islands (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Coconut Oil Price in Australia (FOB) - 2023
The average coconut oil export price stood at $4,113 per ton in July 2023, falling by -32.4% against the previous month. Overall, the export price recorded a noticeable slump. The growth pace was the most rapid in June 2023 when the average export price increased by 386% month-to-month. The export price peaked at $9,257 per ton in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($34,586 per ton), while the average price for exports to Japan ($3,834 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.
Coconut Oil Imports in Australia
In 2022, the amount of coconut (copra) oil imported into Australia contracted significantly to 11K tons, reducing by -15.1% compared with the previous year's figure. Overall, imports showed a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of 13K tons, and then shrank notably in the following year.
In value terms, coconut oil imports dropped to $30M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. As a result, imports reached the peak of $31M, and then shrank slightly in the following year.
| Import of Coconut Oil in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 8.3 | 7.6 | 14.6 | 15.2 | 22.3% |
| Philippines | 2.9 | 2.9 | 4.6 | 5.6 | 24.5% |
| Sri Lanka | 7.3 | 6.5 | 8.9 | 5.1 | -11.3% |
| Fiji | 0.2 | 0.2 | 0.3 | 1.0 | 71.0% |
| Indonesia | 0.2 | 0.5 | 1.1 | 0.9 | 65.1% |
| Solomon Islands | 0.3 | 0.2 | 0.8 | 0.6 | 26.0% |
| Vanuatu | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| Others | 1.3 | 1.1 | 1.1 | 1.7 | 9.4% |
| Total | 20.3 | 19.0 | 31.5 | 30.5 | 14.5% |
Top Suppliers of Coconut Oil to Australia in 2022:
- Malaysia (7.0K tons)
- Philippines (1.3K tons)
- Sri Lanka (1.3K tons)
- Fiji (0.5K tons)
- Indonesia (0.4K tons)
- Solomon Islands (0.2K tons)
- Vanuatu (0.2K tons)
Coconut Oil Exports in Australia
Coconut oil exports from Australia was estimated at 392 tons in 2022, picking up by 5.1% on the year before. The total export volume increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 32%. As a result, the exports reached the peak of 443 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, coconut oil exports fell significantly to $988K in 2022. Over the period under review, exports, however, continue to indicate a deep downturn. The smallest decline of -12.8% was in 2021.
| Export of Coconut Oil in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 105 | 171 | 202 | 730 | 90.9% |
| China | 1,220 | 795 | 283 | 71.3 | -61.2% |
| Germany | N/A | N/A | 0.1 | 38.8 | 38700.0% |
| France | 61.2 | 48.0 | 44.1 | 34.7 | -17.2% |
| Singapore | 27.1 | 62.6 | 544 | 28.8 | 2.0% |
| Canada | 47.7 | 56.7 | 28.7 | 24.6 | -19.8% |
| United States | 215 | 101 | 7.0 | 2.3 | -78.0% |
| Sri Lanka | N/A | 169 | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 103 | N/A | 0% |
| Others | 149 | 141 | 135 | 57.9 | -27.0% |
| Total | 1,825 | 1,544 | 1,346 | 988 | -18.5% |
Top Export Markets for Coconut Oil from Australia in 2022:
- New Zealand (334.8 tons)
- France (16.7 tons)
- Singapore (8.2 tons)
- China (6.8 tons)
- Germany (6.7 tons)
- Canada (5.1 tons)
- United States (0.6 tons)
This report provides an in-depth analysis of the coconut oil market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 252 - Oil of Coconuts
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
638
This report provides an in-depth analysis of the coconut oil market in Australia.
625
This report provides an in-depth analysis of the palm kernel oil market in Australia.
617
This report provides an in-depth analysis of the crude coconut oil market in Australia.
397
This report provides an in-depth analysis of the refined coconut oil market in Australia.
284
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Australia.
4995
This report provides an in-depth analysis of the global coconut oil market.
2187
This report provides an in-depth analysis of the global palm kernel oil market.
10604
This report provides an in-depth analysis of the global crude coconut oil market.
934
This report provides an in-depth analysis of the global refined coconut oil market.
893
This report provides an in-depth analysis of the global market for formic acid, its salts and esters.
275
Coconut Oil imports in July 2023 decreased to $1.4M in value terms.
363
In June 2023, the price of Palm Kernel Oil was $2,275 per ton (CIF, Australia), experiencing a decrease of -4.4% compared to the previous month.
147
In terms of overall imports, there was a steady trend observed. The import value of Refined Coconut Oil experienced a significant increase, reaching $1.9M in November 2023.
353
The price of Refined Coconut Oil, CIF Australia, rose by 9.3% to $2,061 per ton in June 2023 compared to the previous month.
1098
Coconut oil prices will grow moderately this year, following the fundamental trend relevant to all vegetable oils. The average annual coconut oil price is set to grow by 2.3% y-o-y to $1,674 per ton in 2022 due to limited supply and rising logistic costs.
893
In 2018, the Philippines (916K tons) was the main exporter of coconut (copra) oil, comprising 49% of the global exports...
1291
Prices for palm kernel oil spiked by 27% over the month, reaching $1,807 in October 2021. Compared to this year's January figures, the prices soared by +32%. In 2020, palm kernel exports dropped by -3.1% y-o-y in physical terms but grew by +8.9% y-o-y in value terms, reaching $2.5B. Indonesia remains the largest supplier, accounting for 56% of global exports of palm kernel oil. China, the U.S. and Germany constitute the most prominent importers of the product.
3019
Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
2943
In 2015, the countries with the highest levels of palm kernel and babassu oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
1389
Indonesia continued its dominance in the global trade of palm kernel and babassu oil. In 2014, Indonesia exported X thousand tons of palm kernel and babassu oil totaling X million USD, X% over the previous year. Its primary trading partner w
