Thailand - Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoconut Oil Price in Thailand - 2023
Contents:
- Coconut Oil Price in Thailand (CIF) - 2022
- Coconut Oil Price in Thailand (FOB) - 2023
- Coconut Oil Imports in Thailand
- Coconut Oil Exports in Thailand
Coconut Oil Price in Thailand (CIF) - 2022
In 2022, the average coconut oil import price amounted to $1,740 per ton, increasing by 4.7% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +59.8% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 53%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($3,500 per ton), while the price for Indonesia ($1,709 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Coconut Oil Price in Thailand (FOB) - 2023
In July 2023, the average coconut oil export price amounted to $4,226 per ton, declining by -30.1% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 an increase of 39% against the previous month. The export price peaked at $7,319 per ton in September 2022; however, from October 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 Japan ($9,791 per ton), while the average price for exports to Lao People's Democratic Republic ($1,785 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 Pakistan (+91.3%), while the prices for the other major destinations experienced more modest paces of growth.
Coconut Oil Imports in Thailand
In 2022, approx. 12K tons of coconut (copra) oil were imported into Thailand; with an increase of 49% on the previous year's figure. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 299%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, coconut oil imports surged to $21M in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 166%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Coconut Oil in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.0 | 11.9 | 11.4 | 18.9 | 67.8% |
| Philippines | 0.3 | 0.2 | 1.1 | 1.6 | 74.7% |
| Others | 0.3 | 0.2 | 0.8 | 0.3 | 0.0% |
| Total | 4.7 | 12.4 | 13.3 | 20.8 | 64.2% |
Top Suppliers of Coconut Oil to Thailand in 2022:
- Indonesia (11.0K tons)
- Philippines (0.9K tons)
Coconut Oil Exports in Thailand
In 2022, overseas shipments of coconut (copra) oil decreased by -37.6% to 1.1K tons, falling for the second year in a row after two years of growth. In general, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 6.4% against the previous year. As a result, the exports reached the peak of 1.7K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, coconut oil exports dropped markedly to $5.4M in 2022. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. As a result, the exports attained the peak of $9.7M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Coconut Oil in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,139 | 2,075 | 2,198 | 1,613 | -9.0% |
| Lao People's Democratic Republic | 659 | 1,435 | 1,678 | 726 | 3.3% |
| Russia | 946 | 893 | 1,072 | 688 | -10.1% |
| Hong Kong SAR | 447 | 511 | 626 | 471 | 1.8% |
| South Korea | 480 | 898 | 755 | 438 | -3.0% |
| Taiwan (Chinese) | 122 | 282 | 288 | 240 | 25.3% |
| Kuwait | 258 | 816 | N/A | 226 | -4.3% |
| China | 347 | 361 | 374 | 216 | -14.6% |
| Saudi Arabia | 431 | 785 | N/A | 121 | -34.5% |
| Cambodia | 36.0 | 42.6 | 70.4 | 83.7 | 32.5% |
| Pakistan | N/A | 1.7 | 2.5 | 31.6 | 331.1% |
| Others | 1,603 | 1,552 | 1,316 | 593 | -28.2% |
| Total | 7,467 | 9,655 | 8,379 | 5,448 | -10.0% |
Top Export Markets for Coconut Oil from Thailand in 2022:
- Lao People's Democratic Republic (383.8 tons)
- Russia (228.6 tons)
- Japan (134.5 tons)
- Hong Kong SAR (50.8 tons)
- South Korea (46.2 tons)
- Kuwait (26.7 tons)
- China (25.3 tons)
- Taiwan (Chinese) (24.4 tons)
- Pakistan (20.2 tons)
- Cambodia (19.0 tons)
- Saudi Arabia (13.3 tons)
This report provides an in-depth analysis of the coconut oil market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
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This report provides an in-depth analysis of the coconut oil market in Thailand.
779
This report provides an in-depth analysis of the palm kernel oil market in Thailand.
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This report provides an in-depth analysis of the crude coconut oil market in Thailand.
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This report provides an in-depth analysis of the refined coconut oil market in Thailand.
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This report provides an in-depth analysis of the market for formic acid, its salts and esters in Thailand.
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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 April 2023, the palm kernel oil price amounted to $857 per ton (FOB, Thailand), leveling off at the previous month.
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Crude Coconut Oil imports continue to reveal a significant decline, with November 2023 seeing a surge to $224K in value.
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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.
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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.
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
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Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
