Italy - Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoconut Oil Price in Italy - 2023
Contents:
- Coconut Oil Price in Italy (CIF) - 2023
- Coconut Oil Price in Italy (FOB) - 2023
- Coconut Oil Imports in Italy
- Coconut Oil Exports in Italy
Coconut Oil Price in Italy (CIF) - 2023
The average coconut oil import price stood at $1,917 per ton in June 2023, surging by 34% against the previous month. Overall, the import price, however, continues to indicate a mild slump. The pace of growth was the most pronounced in April 2023 when the average import price increased by 67% m-o-m. The import price peaked at $2,350 per ton in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Belgium ($2,193 per ton) and Germany ($2,182 per ton), while the price for Spain ($1,763 per ton) and Greece ($1,911 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.5%), while the prices for the other major suppliers experienced a decline.
Coconut Oil Price in Italy (FOB) - 2023
In June 2023, the average coconut oil export price amounted to $1,458 per ton, waning by -32.9% against the previous month. In general, the export price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in April 2023 when the average export price increased by 43% m-o-m. As a result, the export price reached the peak level of $2,657 per ton. From May 2023 to June 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Hungary ($28,829 per ton), while the average price for exports to Spain ($1,216 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+23.3%), while the prices for the other major destinations experienced mixed trend patterns.
Coconut Oil Imports in Italy
In 2022, the amount of coconut (copra) oil imported into Italy expanded remarkably to 93K tons, picking up by 12% against the year before. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, coconut oil imports soared to $178M in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Coconut Oil in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | 44.2 | 52.7 | 84.5 | 114 | 37.1% |
Netherlands | 24.6 | 21.2 | 29.4 | 37.4 | 15.0% |
Spain | 3.5 | 4.2 | 5.1 | 13.1 | 55.3% |
Germany | 2.2 | 2.0 | 2.7 | 5.2 | 33.2% |
Greece | N/A | N/A | 1.7 | 3.5 | 105.9% |
Others | 7.0 | 2.4 | 4.4 | 4.3 | -15.0% |
Total | 81.5 | 82.5 | 128 | 178 | 29.7% |
Top Suppliers of Coconut Oil to Italy in 2022:
- Philippines (63.9K tons)
- Netherlands (18.1K tons)
- Spain (6.0K tons)
- Germany (1.8K tons)
- Greece (1.7K tons)
Coconut Oil Exports in Italy
Coconut oil exports from Italy rose notably to 14K tons in 2022, increasing by 7.3% compared with the year before. The total export volume increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 22%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, coconut oil exports surged to $31M in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 49%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.
Export of Coconut Oil in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 3.1 | 3.9 | 6.6 | 7.8 | 36.0% |
Poland | 0.1 | 0.1 | 0.6 | 4.8 | 263.4% |
Hungary | 0.2 | 0.9 | 2.5 | 4.3 | 178.1% |
France | 0.6 | 0.8 | 1.9 | 2.1 | 51.8% |
Slovenia | 2.7 | 2.5 | 2.5 | 1.9 | -11.1% |
Romania | 0.2 | 0.2 | 1.2 | 1.4 | 91.3% |
Germany | N/A | 0.5 | 1.0 | 1.2 | 54.9% |
Spain | 0.2 | 0.3 | 0.5 | 1.1 | 76.5% |
Iraq | N/A | N/A | N/A | 0.8 | 0% |
Serbia | 0.6 | 0.2 | 0.7 | 0.8 | 10.1% |
Moldova | 0.4 | 0.3 | 0.4 | 0.7 | 20.5% |
Czech Republic | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
Greece | 3.5 | 3.6 | 1.4 | 0.4 | -51.5% |
Others | 2.0 | 2.4 | 4.1 | 2.9 | 13.2% |
Total | 13.8 | 16.0 | 23.8 | 30.7 | 30.5% |
Top Export Markets for Coconut Oil from Italy in 2022:
- Austria (3600.4 tons)
- Poland (2236.0 tons)
- Hungary (2024.7 tons)
- Slovenia (1122.5 tons)
- Spain (692.1 tons)
- Romania (666.2 tons)
- France (594.8 tons)
- Germany (411.5 tons)
- Serbia (404.9 tons)
- Iraq (340.1 tons)
- Moldova (304.1 tons)
- Czech Republic (229.4 tons)
- Greece (182.1 tons)
This report provides an in-depth analysis of the coconut oil market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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
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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
This report provides an in-depth analysis of the coconut oil market in Italy.
This report provides an in-depth analysis of the palm kernel oil market in Italy.
This report provides an in-depth analysis of the crude coconut oil market in Italy.
This report provides an in-depth analysis of the refined coconut oil market in Italy.
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Italy.
This report provides an in-depth analysis of the global coconut oil market.
This report provides an in-depth analysis of the global palm kernel oil market.
This report provides an in-depth analysis of the global crude coconut oil market.
This report provides an in-depth analysis of the global refined coconut oil market.
This report provides an in-depth analysis of the global market for formic acid, its salts and esters.
Coconut oil imports showed stagnant growth from June to August 2023, with a slight shrinkage to $9.9M in August 2023.
In January 2023, the palm kernel oil price was $1,746 per ton (CIF, Italy), down 14.3% from the month before.
In January 2023, the crude coconut oil price amounted to $4,547 per ton (CIF, Italy), rising by 225% against the previous month.
In April 2023, the price of Refined Coconut Oil reached $2,181 per ton (CIF, Italy), showing a 5.1% increase compared to the previous month.
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.
In 2018, the Philippines (916K tons) was the main exporter of coconut (copra) oil, comprising 49% of the global exports...
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.
Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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.
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