Turkey - Crude Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingCrude Coconut Oil Price in Turkey - 2023
Contents:
- Crude Coconut Oil Price in Turkey (CIF) - 2023
- Crude Coconut Oil Price in Turkey (FOB) - 2022
- Crude Coconut Oil Imports in Turkey
- Crude Coconut Oil Exports in Turkey
Crude Coconut Oil Price in Turkey (CIF) - 2023
In July 2023, the average crude coconut oil import price amounted to $978 per ton, reducing by -81.2% against the previous month. Over the period under review, the import price recorded a deep setback. The growth pace was the most rapid in February 2023 when the average import price increased by 76% month-to-month. The import price peaked at $5,198 per ton in June 2023, and then declined remarkably in the following month.
As there is only one major supplying country, the average price level is determined by prices for the Philippines.
From July 2022 to July 2023, the rate of growth in terms of prices for the Philippines amounted to -25.1% per month.
Crude Coconut Oil Price in Turkey (FOB) - 2022
The average crude coconut oil export price stood at $12,733 per ton in 2022, picking up by 29% against the previous year. Over the period under review, the export price posted buoyant growth. The growth pace was the most rapid in 2019 an increase of 69%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($13,969 per ton), while the average price for exports to the United States ($5,832 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 Serbia (+87.5%), while the prices for the other major destinations experienced mixed trend patterns.
Crude Coconut Oil Imports in Turkey
In 2022, supplies from abroad of crude coconut (copra) oil decreased by -13.7% to 233 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 92%.
In value terms, crude coconut oil imports reduced notably to $763K in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 97%.
Import of Crude Coconut Oil in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sri Lanka | 235 | 454 | 650 | 646 | 40.1% |
Vietnam | N/A | 31.0 | 106 | 63.9 | 43.6% |
Philippines | 60.2 | 88.4 | 127 | 37.6 | -14.5% |
Others | 5.7 | 18.1 | 117 | 15.4 | 39.3% |
Total | 301 | 591 | 1,000 | 763 | 36.3% |
Top Suppliers of Crude Coconut Oil to Turkey in 2022:
- Sri Lanka (193.2 tons)
- Philippines (18.1 tons)
- Vietnam (18.0 tons)
Crude Coconut Oil Exports in Turkey
For the fourth year in a row, Turkey recorded growth in shipments abroad of crude coconut (copra) oil, which increased by 13% to 9.1 tons in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 528% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, crude coconut oil exports skyrocketed to $116K in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 537% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
Export of Crude Coconut Oil in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | N/A | N/A | N/A | 101 | 0% |
United States | 0.7 | N/A | N/A | 5.5 | 98.8% |
United Kingdom | N/A | 18.8 | 1.1 | 2.7 | -62.1% |
Iraq | 3.2 | 6.0 | 5.1 | 0.9 | -34.5% |
Cyprus | 1.0 | 13.3 | 1.8 | 0.9 | -3.5% |
Netherlands | N/A | N/A | 12.3 | 0.1 | -99.2% |
Iran | N/A | N/A | 39.4 | N/A | 0% |
Others | 1.6 | 2.5 | 19.2 | 4.1 | 36.8% |
Total | 6.4 | 40.6 | 78.9 | 116 | 162.7% |
Top Export Markets for Crude Coconut Oil from Turkey in 2022:
- Netherlands (undefined tons)
- Iraq (undefined tons)
- South Africa (7.3 tons)
- United States (0.9 tons)
- United Kingdom (0.3 tons)
- Cyprus (0.1 tons)
This report provides an in-depth analysis of the crude coconut oil market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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 crude coconut oil market in Turkey.
This report provides an in-depth analysis of the coconut oil market in Turkey.
This report provides an in-depth analysis of the palm kernel oil market in Turkey.
This report provides an in-depth analysis of the refined coconut oil market in Turkey.
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Turkey.
This report provides an in-depth analysis of the global crude coconut oil market.
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 refined coconut oil market.
This report provides an in-depth analysis of the global market for formic acid, its salts and esters.
In January 2023, the coconut oil price amounted to $2,258 per ton (CIF, Turkey), rising by 28% against the previous month.
In March 2023, the palm kernel oil price amounted to $1,321 per ton (CIF, Turkey), surging by 4.2% against the previous month.
During the review period, Refined Coconut Oil imports peaked at 28K tons in 2022, but saw a significant decline in the following year. In terms of value, imports of Refined Coconut Oil dropped notably to $27M in 2023.
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
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
Global coconut oil imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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.
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%
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.