China - Refined 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 PricingRefined Coconut Oil Price in China - 2023
Contents:
- Refined Coconut Oil Price in China (CIF) - 2023
- Refined Coconut Oil Price in China (FOB) - 2022
- Refined Coconut Oil Imports in China
- Refined Coconut Oil Exports in China
Refined Coconut Oil Price in China (CIF) - 2023
The average refined coconut oil import price stood at $1,164 per ton in June 2023, picking up by 2.4% against the previous month. Overall, the import price, however, recorded a deep reduction. The import price peaked at $2,177 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the Philippines ($1,293 per ton), while the price for Indonesia ($1,083 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-4.1%), while the prices for the other major suppliers experienced a decline.
Refined Coconut Oil Price in China (FOB) - 2022
In 2022, the average refined coconut oil export price amounted to $2,025 per ton, surging by 14% against the previous year. In general, the export price, however, recorded a deep setback. The growth pace was the most rapid in 2013 an increase of 232% against the previous year. The export price peaked at $15,885 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Mongolia.
From 2012 to 2022, the rate of growth in terms of prices for Mongolia amounted to +5.7% per year.
Refined Coconut Oil Imports in China
In 2022, the amount of refined coconut (copra) oil imported into China skyrocketed to 215K tons, growing by 26% against the previous year. The total import volume increased at an average annual rate of +8.8% 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, refined coconut oil imports skyrocketed to $409M in 2022. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 84% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Refined Coconut Oil in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 85.2 | 96.0 | 153 | 213 | 35.7% |
| Philippines | 47.7 | 40.6 | 74.7 | 160 | 49.7% |
| Malaysia | 17.5 | 12.5 | 47.9 | 36.8 | 28.1% |
| Others | 0.8 | 0.6 | 0.5 | 0.4 | -20.6% |
| Total | 151 | 150 | 276 | 409 | 39.4% |
Top Suppliers of Refined Coconut Oil to China in 2022:
- Indonesia (115.1K tons)
- Philippines (80.5K tons)
- Malaysia (19.5K tons)
Refined Coconut Oil Exports in China
In 2022, overseas shipments of refined coconut (copra) oil decreased by -68% to 60 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 244% against the previous year.
In value terms, refined coconut oil exports shrank dramatically to $121K in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 326%.
| Export of Refined Coconut Oil in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mongolia | 44.1 | 179 | 310 | 105 | 33.5% |
| Others | 6.3 | 35.8 | 21.6 | 15.9 | 36.2% |
| Total | 50.4 | 215 | 331 | 121 | 33.9% |
Top Export Markets for Refined Coconut Oil from China in 2022:
- Mongolia (57.0 tons)
This report provides an in-depth analysis of the refined coconut oil market in China. 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:
- Prodcom 10415800 - Refined coconut (copra) oil and its fractions (excluding chemically modified)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
510
This report provides an in-depth analysis of the refined coconut oil market in China.
847
This report provides an in-depth analysis of the coconut oil market in China.
837
This report provides an in-depth analysis of the palm kernel oil market in China.
1146
This report provides an in-depth analysis of the crude coconut oil market in China.
280
This report provides an in-depth analysis of the market for formic acid, its salts and esters in China.
926
This report provides an in-depth analysis of the global refined coconut oil market.
4978
This report provides an in-depth analysis of the global coconut oil market.
2179
This report provides an in-depth analysis of the global palm kernel oil market.
10585
This report provides an in-depth analysis of the global crude coconut oil market.
887
This report provides an in-depth analysis of the global market for formic acid, its salts and esters.
297
In April 2023, the refined coconut oil price amounted to $1,173 per ton (CIF, China), stabilizing at the previous month.
281
In February 2023, the coconut oil import price in China amounted to $1,201 per ton (CIF, China), reducing by -3.9% against the previous month. The amount of coconut (copra) oil imported into China declined significantly to 12K tons, reducing by -38.2% on the previous month. Refined coconut (copra) oil (12K tons) was the main type of coconut oil supplied to China, accounting for a approximately 100% share of total imports. Indonesia (9.5K tons) was the largest coconut oil supplier to China, accounting for a 81% share of total imports. In value terms, Indonesia ($11M) constituted the largest supplier of coconut oil to China, comprising 80% of total imports.
115
The growth pace for Palm Kernel Oil was the most rapid in August 2023, with imports increasing by 174% compared to the previous month. In value terms, Palm Kernel Oil imports contracted significantly to $65M in December 2023.
289
This guide outlines the key steps to successfully penetrate the Chinese palm kernel oil market, including research, relationship-building with authorities, trade shows, competitor analysis, differentiation strategy, distribution channels, and localization. Utilize official data sources and the IndexBox market intelligence platform.
755
Global refined coconut oil imports dropped by -5.5% y-o-y to 1M tons in 2020. The U.S., China, Germany and South Korea constitute the largest importers of refined coconut oil worldwide. In 2020, American and Chinese imports declined significantly, while the purchases in Turkey followed an upward trend. Last year, the average refined coconut oil import price rose by +4.5% compared to the figures of 2019.
1093
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.
889
In 2018, the Philippines (916K tons) was the main exporter of coconut (copra) oil, comprising 49% of the global exports...
1288
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.
3007
Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
2933
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.
