Saudi Arabia - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Coconut Oil Price in Saudi Arabia - 2021
Contents:
- Refined Coconut Oil Price in Saudi Arabia (CIF) - 2022
- Refined Coconut Oil Price in Saudi Arabia (FOB) - 2022
- Refined Coconut Oil Imports in Saudi Arabia
- Refined Coconut Oil Exports in Saudi Arabia
Refined Coconut Oil Price in Saudi Arabia (CIF) - 2022
In 2021, the average refined coconut oil import price amounted to $3,357 per ton, increasing by 9% against the previous year. Overall, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of 78%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($7,118 per ton), while the price for Malaysia ($2,327 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Coconut Oil Price in Saudi Arabia (FOB) - 2022
The average refined coconut oil export price stood at $4,163 per ton in 2022, rising by 6.8% against the previous year. Over the period under review, the export price saw a pronounced increase. The pace of growth was the most pronounced in 2021 an increase of 62%. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($6,829 per ton), while the average price for exports to Canada amounted to $3,603 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Coconut Oil Imports in Saudi Arabia
After two years of growth, purchases abroad of refined coconut (copra) oil decreased by -22.4% to 3K tons in 2021. Over the period under review, imports showed a perceptible downturn. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. As a result, imports reached the peak of 3.9K tons, and then fell markedly in the following year.
In value terms, refined coconut oil imports declined remarkably to $10M in 2021. Overall, imports showed a pronounced decline. The pace of growth appeared the most rapid in 2020 when imports increased by 7.5% against the previous year. As a result, imports attained the peak of $12M, and then shrank dramatically in the following year.
| Import of Refined Coconut Oil in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 5.7 | 6.4 | 6.0 | 2.6% | |
| Sri Lanka | 2.5 | 2.4 | 1.9 | -12.8% | |
| Malaysia | 1.2 | 2.2 | 1.1 | -4.3% | |
| United States | 0.3 | 0.3 | 0.8 | 63.3% | |
| United Arab Emirates | 0.6 | 0.4 | N/A | -33.3% | |
| Others | 0.6 | 0.2 | 0.2 | -42.3% | |
| Total | 11.1 | 11.9 | 10.0 | -5.1% | |
Top Suppliers of Refined Coconut Oil to Saudi Arabia in 2022:
- India (1890.1 tons)
- Malaysia (491.0 tons)
- United States (302.7 tons)
- Sri Lanka (268.5 tons)
Refined Coconut Oil Exports in Saudi Arabia
In 2022, shipments abroad of refined coconut (copra) oil decreased by -13% to 26 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,742%. As a result, the exports attained the peak of 41 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, refined coconut oil exports reduced to $107K in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 2,040% against the previous year.
| Export of Refined Coconut Oil in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | 0.5 | 76.2 | 15140.0% |
| Bahrain | N/A | N/A | N/A | 30.1 | 0% |
| Ethiopia | 2.9 | 91.6 | 0.5 | N/A | -58.5% |
| Azerbaijan | N/A | 5.6 | N/A | N/A | 0% |
| Kuwait | N/A | N/A | 114 | N/A | 0% |
| Others | 1.7 | 1.4 | N/A | 0.4 | -38.3% |
| Total | 4.6 | 98.6 | 115 | 107 | 185.5% |
Top Export Markets for Refined Coconut Oil from Saudi Arabia in 2022:
- Canada (21.1 tons)
- Bahrain (4.4 tons)
This report provides an in-depth analysis of the refined coconut oil market in Saudi Arabia. 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:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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 refined coconut oil market in Saudi Arabia.
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This report provides an in-depth analysis of the crude coconut oil market in Saudi Arabia.
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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 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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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.
1094
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.
892
In 2018, the Philippines (916K tons) was the main exporter of coconut (copra) oil, comprising 49% of the global exports...
1290
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.
3015
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
2018
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
5729
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
5644
Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
