Russian Federation - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Russian Federation - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights

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Refined Coconut Oil Price in Russia - 2022

Contents:

  1. Refined Coconut Oil Price in Russia (CIF) - 2022
  2. Refined Coconut Oil Price in Russia (FOB) - 2022
  3. Refined Coconut Oil Imports in Russia
  4. Refined Coconut Oil Exports in Russia

Refined Coconut Oil Price in Russia (CIF) - 2022

In January 2022, the average refined coconut oil import price amounted to $1,861 per ton, which is down by -10.1% against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in March 2021 an increase of 13% against the previous month. Over the period under review, average import prices hit record highs at $2,071 per ton in December 2021, and then shrank in the following month.

Average prices varied noticeably amongst the major supplying countries. In January 2022, the country with the highest price was Malaysia ($1,870 per ton), while the price for the Netherlands ($1,816 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Refined Coconut Oil Price in Russia (FOB) - 2022

In 2022, the average refined coconut oil export price amounted to $1,779 per ton, which is down by -9.4% against the previous year. Over the period under review, the export price showed a pronounced contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices reached the maximum at $2,270 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($2,290 per ton), while the average price for exports to Armenia ($1,212 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 Uzbekistan (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Coconut Oil Imports in Russia

In 2022, after three years of growth, there was significant decline in supplies from abroad of refined coconut (copra) oil, when their volume decreased by -10.4% to 32K tons. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, imports reached the peak of 36K tons, and then reduced in the following year.

In value terms, refined coconut oil imports shrank remarkably to $48M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 106%. As a result, imports reached the peak of $65M, and then declined remarkably in the following year.

Import of Refined Coconut Oil in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia15.518.238.235.431.7%
Malaysia9.910.318.38.8-3.9%
Netherlands0.81.36.13.360.4%
Others1.21.82.50.8-12.6%
Total27.431.665.048.320.8%

Top Suppliers of Refined Coconut Oil to Russia in 2022:

  1. Indonesia (24.1K tons)
  2. Malaysia (5.9K tons)
  3. Netherlands (2.3K tons)

Refined Coconut Oil Exports in Russia

In 2022, overseas shipments of refined coconut (copra) oil decreased by -28.4% to 3.3K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 132%. As a result, the exports attained the peak of 4.6K tons, and then fell sharply in the following year.

In value terms, refined coconut oil exports contracted remarkably to $5.9M in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 236% against the previous year. As a result, the exports reached the peak of $9M, and then shrank notably in the following year.

Export of Refined Coconut Oil in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kyrgyzstan2.13621,6791,746840.3%
Azerbaijan1442095931,556121.1%
Belarus5441,1742,8181,27933.0%
Mongolia24.62.793.6859226.9%
Ukraine83.184.117529953.2%
Armenia89.219.821365.8-9.6%
Kazakhstan3384551,02242.4-49.9%
Tajikistan18013.387.1N/A-30.4%
Uzbekistan6032972,226N/A92.1%
Others58.069.91208.0-48.3%
Total2,0652,6869,0265,85641.5%

Top Export Markets for Refined Coconut Oil from Russia in 2022:

  1. Kyrgyzstan (923.7 tons)
  2. Azerbaijan (871.7 tons)
  3. Belarus (836.1 tons)
  4. Mongolia (421.0 tons)
  5. Ukraine (162.0 tons)
  6. Armenia (54.3 tons)
  7. Kazakhstan (18.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refined coconut oil market in the Russian Federation. 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:

  • Russia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the Russian Federation
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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