South Africa - Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoconut Oil Price in South Africa - 2023
Contents:
- Coconut Oil Price in South Africa (CIF) - 2022
- Coconut Oil Price in South Africa (FOB) - 2022
- Coconut Oil Imports in South Africa
- Coconut Oil Exports in South Africa
Coconut Oil Price in South Africa (CIF) - 2022
The average coconut oil import price stood at $2,206 per ton in 2022, surging by 24% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut oil import price increased by +105.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 48%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($2,689 per ton), while the price for Mozambique ($1,623 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Coconut Oil Price in South Africa (FOB) - 2022
The average coconut oil export price stood at $3,060 per ton in 2022, with an increase of 11% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 39%. As a result, the export price reached the peak level of $4,593 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Zambia ($3,836 per ton) and Lesotho ($3,708 per ton), while the average price for exports to Mozambique ($2,858 per ton) and Botswana ($2,907 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Coconut Oil Imports in South Africa
In 2022, after two years of decline, there was significant growth in overseas purchases of coconut (copra) oil, when their volume increased by 32% to 6.3K tons. The total import volume increased at an average annual rate of +4.1% over the period 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 $14M in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Coconut Oil in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3.1 | 3.3 | 1.7 | 6.7 | 29.3% |
| Malaysia | 0.3 | 0.7 | 0.6 | 2.6 | 105.4% |
| Mozambique | 0.8 | 0.4 | 2.1 | 2.0 | 35.7% |
| Philippines | 0.8 | 0.8 | 3.5 | 1.8 | 31.0% |
| Others | 1.0 | 1.0 | 0.6 | 0.9 | -3.5% |
| Total | 6.0 | 6.2 | 8.5 | 14.0 | 32.6% |
Top Suppliers of Coconut Oil to South Africa in 2022:
- Indonesia (3.2K tons)
- Mozambique (1.2K tons)
- Malaysia (1.0K tons)
- Philippines (0.9K tons)
Coconut Oil Exports in South Africa
For the third consecutive year, South Africa recorded decline in shipments abroad of coconut (copra) oil, which decreased by -5% to 156 tons in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The smallest decline of -4.3% was in 2021.
In value terms, coconut oil exports expanded sharply to $479K in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 14%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Coconut Oil in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 94.3 | 118 | 205 | 277 | 43.2% |
| Namibia | 144 | 98.5 | 79.3 | 56.5 | -26.8% |
| Botswana | 48.6 | 49.6 | 44.7 | 33.0 | -12.1% |
| Zambia | 42.3 | 28.5 | 23.0 | 26.5 | -14.4% |
| Swaziland | 19.4 | 20.6 | 22.9 | 21.2 | 3.0% |
| Malawi | 26.6 | 24.0 | 20.1 | 18.3 | -11.7% |
| Mozambique | 14.7 | 13.6 | 18.0 | 17.7 | 6.4% |
| Lesotho | 13.2 | 21.3 | 20.5 | 16.6 | 7.9% |
| Democratic Republic of the Congo | 1.3 | 2.4 | 5.4 | 10.9 | 103.2% |
| Others | 45.5 | 21.2 | 13.9 | 0.8 | -74.0% |
| Total | 450 | 397 | 453 | 479 | 2.1% |
Top Export Markets for Coconut Oil from South Africa in 2022:
- Zimbabwe (93.0 tons)
- Namibia (18.9 tons)
- Botswana (11.4 tons)
- Zambia (6.9 tons)
- Swaziland (6.3 tons)
- Mozambique (6.2 tons)
- Malawi (5.0 tons)
- Lesotho (4.5 tons)
- Democratic Republic of the Congo (3.6 tons)
This report provides an in-depth analysis of the coconut oil market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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 South Africa.
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This report provides an in-depth analysis of the crude coconut oil market in South Africa.
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This report provides an in-depth analysis of the refined coconut oil market in South Africa.
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This report provides an in-depth analysis of the market for formic acid, its salts and esters in South Africa.
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This report provides an in-depth analysis of the global coconut oil market.
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This report provides an in-depth analysis of the global palm kernel oil market.
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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.
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This report provides an in-depth analysis of the global market for formic acid, its salts and esters.
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In November 2022, the growth rate of Palm Kernel Oil was the most rapid, experiencing a month-on-month increase of 568%. The value of Palm Kernel Oil imports reduced to $2.3M in September 2023.
214
During the period of September 2023 to October 2023, there was a slight decrease in the growth of imports. In terms of value, the imports of Refined Coconut Oil surged to $508K in October 2023.
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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.
902
In 2018, the Philippines (916K tons) was the main exporter of coconut (copra) oil, comprising 49% of the global exports...
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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.
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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
2025
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
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Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
