Australia - Crude Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Coconut Oil Price in Australia - 2023
Contents:
- Crude Coconut Oil Price in Australia (CIF) - 2022
- Crude Coconut Oil Price in Australia (FOB) - 2022
- Crude Coconut Oil Imports in Australia
- Crude Coconut Oil Exports in Australia
Crude Coconut Oil Price in Australia (CIF) - 2022
The average crude coconut oil import price stood at $2,345 per ton in 2022, waning by -20.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 106% against the previous year. As a result, import price attained the peak level of $7,249 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($9,501 per ton), while the price for Fiji ($1,805 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Crude Coconut Oil Price in Australia (FOB) - 2022
In 2022, the average crude coconut oil export price amounted to $4,473 per ton, reducing by -9.1% against the previous year. Overall, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2014 an increase of 599% against the previous year. As a result, the export price reached the peak level of $49,576 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($10,556 per ton), while the average price for exports to Singapore ($1,751 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.
Crude Coconut Oil Imports in Australia
For the fourth consecutive year, Australia recorded growth in supplies from abroad of crude coconut (copra) oil, which increased by 44% to 676 tons in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 139%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, crude coconut oil imports rose rapidly to $1.6M in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 286% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Crude Coconut Oil in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 134 | 158 | 261 | 909 | 89.3% |
| Philippines | 146 | 146 | 615 | 419 | 42.1% |
| Solomon Islands | 1.1 | N/A | 448 | 241 | 502.8% |
| Others | 84.8 | 54.3 | 58.8 | 16.2 | -42.4% |
| Total | 366 | 359 | 1,383 | 1,585 | 63.0% |
Top Suppliers of Crude Coconut Oil to Australia in 2022:
- Fiji (503.6 tons)
- Solomon Islands (124.5 tons)
- Philippines (44.1 tons)
Crude Coconut Oil Exports in Australia
In 2022, overseas shipments of crude coconut (copra) oil decreased by -21.1% to 31 tons, falling for the second year in a row after two years of growth. Overall, exports saw a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. As a result, the exports attained the peak of 285 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, crude coconut oil exports contracted sharply to $140K in 2022. In general, exports saw a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 1.7% against the previous year. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Crude Coconut Oil in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 814 | 718 | 69.8 | 71.3 | -55.6% |
| France | 9.1 | 48.0 | 31.1 | 33.6 | 54.6% |
| Canada | 47.7 | 56.7 | 24.3 | 22.4 | -22.3% |
| New Caledonia | N/A | N/A | 1.8 | 6.9 | 283.3% |
| United States | 215 | 99.7 | N/A | 2.3 | -78.0% |
| Singapore | N/A | N/A | N/A | 1.4 | 0% |
| Sri Lanka | N/A | 169 | N/A | N/A | 0% |
| Others | 43.2 | 56.5 | 68.3 | 2.2 | -62.9% |
| Total | 1,128 | 1,148 | 195 | 140 | -50.1% |
Top Export Markets for Crude Coconut Oil from Australia in 2022:
- France (16.5 tons)
- China (6.8 tons)
- Canada (4.8 tons)
- New Caledonia (1.5 tons)
- Singapore (0.8 tons)
- United States (0.6 tons)
This report provides an in-depth analysis of the crude 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
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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 crude coconut oil market in Australia.
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This report provides an in-depth analysis of the coconut oil market in Australia.
632
This report provides an in-depth analysis of the palm kernel oil market in Australia.
401
This report provides an in-depth analysis of the refined coconut oil market in Australia.
291
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Australia.
10626
This report provides an in-depth analysis of the global crude coconut oil market.
5006
This report provides an in-depth analysis of the global coconut oil market.
2200
This report provides an in-depth analysis of the global palm kernel oil market.
940
This report provides an in-depth analysis of the global refined coconut oil market.
898
This report provides an in-depth analysis of the global market for formic acid, its salts and esters.
283
Coconut Oil imports in July 2023 decreased to $1.4M in value terms.
364
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.
150
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.
354
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.
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
5743
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
5648
Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
5614
Global coconut oil imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
5833
In 2015, the countries with the highest levels of coconut oil production were the Philippines (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
2270
The Philippines dominates in the global coconut oil trade. In 2014, the Philippines exported X thousand tons of coconut oil totaling X USD, X% under the previous year. Its primary trading partner was the Republic of Korea, where it supplied X%
