Hungary - Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoconut Oil Price in Hungary - 2023
Contents:
- Coconut Oil Price in Hungary (CIF) - 2023
- Coconut Oil Price in Hungary (FOB) - 2022
- Coconut Oil Imports in Hungary
- Coconut Oil Exports in Hungary
Coconut Oil Price in Hungary (CIF) - 2023
In June 2023, the average coconut oil import price amounted to $1,741 per ton, which is down by -13.5% against the previous month. Overall, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in August 2022 an increase of 3.7% m-o-m. Over the period under review, average import prices hit record highs at $2,586 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Indonesia ($4,351 per ton), while the price for Slovenia ($1,238 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Coconut Oil Price in Hungary (FOB) - 2022
In 2022, the average coconut oil export price amounted to $4,094 per ton, which is down by -8.2% against the previous year. In general, the export price saw a noticeable decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 22%. As a result, the export price attained the peak level of $6,023 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovakia ($4,791 per ton) and the Czech Republic ($4,396 per ton), while the average price for exports to Romania ($3,666 per ton) and Croatia ($3,796 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.
Coconut Oil Imports in Hungary
In 2022, approx. 4K tons of coconut (copra) oil were imported into Hungary; increasing by 17% compared with the previous year. The total import volume increased at an average annual rate of +11.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, coconut oil imports soared to $9.4M in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 50%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Coconut Oil in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 120 | 909 | 2,775 | 4,346 | 230.9% |
| Germany | 1,079 | 1,202 | 1,423 | 1,678 | 15.9% |
| Netherlands | 2,200 | 1,626 | 1,518 | 1,473 | -12.5% |
| Sweden | N/A | N/A | 21.0 | 789 | 3657.1% |
| Belgium | 56.8 | 48.4 | 234 | 295 | 73.2% |
| Greece | N/A | N/A | N/A | 158 | 0% |
| Slovakia | 18.2 | 52.9 | 101 | 134 | 94.5% |
| Indonesia | 164 | 243 | 149 | 52.7 | -31.5% |
| Others | 295 | 395 | 499 | 457 | 15.7% |
| Total | 3,932 | 4,476 | 6,719 | 9,382 | 33.6% |
Top Suppliers of Coconut Oil to Hungary in 2022:
- Italy (1996.6 tons)
- Netherlands (747.0 tons)
- Germany (581.4 tons)
- Sweden (320.1 tons)
- Belgium (99.2 tons)
- Greece (71.7 tons)
- Slovakia (60.9 tons)
- Indonesia (22.7 tons)
Coconut Oil Exports in Hungary
In 2022, shipments abroad of coconut (copra) oil increased by 3% to 215 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a pronounced downturn.
In value terms, coconut oil exports contracted to $879K in 2022. In general, exports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 5.6% against the previous year. As a result, the exports attained the peak of $930K, and then reduced in the following year.
| Export of Coconut Oil in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 107 | 125 | 143 | 147 | 11.2% |
| Croatia | 133 | 148 | 137 | 144 | 2.7% |
| Slovakia | 114 | 120 | 138 | 119 | 1.4% |
| Bosnia and Herzegovina | 135 | 99.0 | 127 | 103 | -8.6% |
| Czech Republic | 101 | 87.2 | 107 | 100 | -0.3% |
| Romania | 137 | 52.1 | 70.5 | 71.2 | -19.6% |
| Italy | 34.8 | 65.8 | 72.5 | 59.6 | 19.6% |
| Slovenia | 56.6 | 62.0 | 61.2 | 49.3 | -4.5% |
| Bulgaria | 78.0 | 72.4 | 40.5 | 39.2 | -20.5% |
| Netherlands | N/A | 26.3 | N/A | N/A | 0% |
| Others | 27.3 | 22.6 | 33.1 | 47.1 | 19.9% |
| Total | 924 | 881 | 930 | 879 | -1.7% |
Top Export Markets for Coconut Oil from Hungary in 2022:
- Croatia (37.9 tons)
- Serbia (37.2 tons)
- Bosnia and Herzegovina (27.0 tons)
- Slovakia (24.8 tons)
- Czech Republic (22.8 tons)
- Romania (19.4 tons)
- Italy (13.8 tons)
- Slovenia (12.1 tons)
- Bulgaria (9.8 tons)
This report provides an in-depth analysis of the coconut oil market in Hungary. 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:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- 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
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This report provides an in-depth analysis of the coconut oil market in Hungary.
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This report provides an in-depth analysis of the palm kernel oil market in Hungary.
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This report provides an in-depth analysis of the crude coconut oil market in Hungary.
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This report provides an in-depth analysis of the refined coconut oil market in Hungary.
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This report provides an in-depth analysis of the market for formic acid, its salts and esters in Hungary.
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This report provides an in-depth analysis of the global coconut oil market.
2197
This report provides an in-depth analysis of the global palm kernel oil market.
10621
This report provides an in-depth analysis of the global crude coconut oil market.
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This report provides an in-depth analysis of the global refined coconut oil market.
897
This report provides an in-depth analysis of the global market for formic acid, its salts and esters.
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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...
1293
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.
3022
Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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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.
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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
2019
From 2007 to 2016, the value of the global coconut oil market showed an unstable dynamic trend. However, in 2016, the value of the global coconut oil market expanded to X billion USD. The main reason for this can be explained by the rise in the price
5739
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
5647
Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
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Global coconut oil imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
