Thailand - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Coconut Oil Price in Thailand - 2023
Contents:
- Refined Coconut Oil Price in Thailand (FOB) - 2023
- Refined Coconut Oil Price in Thailand (CIF) - 2022
- Refined Coconut Oil Exports in Thailand
- Refined Coconut Oil Imports in Thailand
Refined Coconut Oil Price in Thailand (FOB) - 2023
In July 2023, the average refined coconut oil export price amounted to $3,990 per ton, declining by -19.6% against the previous month. Overall, the export price showed a noticeable contraction. The growth pace was the most rapid in November 2022 an increase of 51% month-to-month. As a result, the export price attained the peak level of $6,808 per ton. From December 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was South Korea ($9,272 per ton), while the average price for exports to Cambodia ($826 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.3%), while the prices for the other major destinations experienced a decline.
Refined Coconut Oil Price in Thailand (CIF) - 2022
In 2022, the average refined coconut oil import price amounted to $6,121 per ton, increasing by 10% against the previous year. Overall, the import price enjoyed a resilient increase. The growth pace was the most rapid in 2020 when the average import price increased by 189%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.
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 Malaysia ($25,000 per ton), while the price for Germany ($4,708 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Coconut Oil Exports in Thailand
After three years of growth, shipments abroad of refined coconut (copra) oil decreased by -52.8% to 731 tons in 2022. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 18%.
In value terms, refined coconut oil exports declined remarkably to $3.8M in 2022. In general, exports showed a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 36% against the previous year.
| Export of Refined Coconut Oil in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,176 | 1,392 | 1,783 | 1,307 | 3.6% |
| Lao People's Democratic Republic | 659 | 1,435 | 1,678 | 717 | 2.9% |
| South Korea | 216 | 511 | 652 | 362 | 18.8% |
| Hong Kong SAR | 244 | 296 | 418 | 348 | 12.6% |
| Russia | 880 | 886 | 1,072 | 255 | -33.8% |
| Taiwan (Chinese) | 93.9 | 230 | 288 | 154 | 17.9% |
| Cambodia | 36.0 | 42.6 | 70.4 | 80.1 | 30.5% |
| Others | 1,153 | 1,265 | 1,035 | 553 | -21.7% |
| Total | 4,458 | 6,058 | 6,995 | 3,776 | -5.4% |
Top Export Markets for Refined Coconut Oil from Thailand in 2022:
- Lao People's Democratic Republic (382.0 tons)
- Japan (108.4 tons)
- Russia (60.0 tons)
- South Korea (39.7 tons)
- Hong Kong SAR (37.3 tons)
- Cambodia (17.9 tons)
- Taiwan (Chinese) (14.1 tons)
Refined Coconut Oil Imports in Thailand
For the third year in a row, Thailand recorded decline in supplies from abroad of refined coconut (copra) oil, which decreased by -81.4% to 23 tons in 2022. Over the period under review, imports faced a precipitous contraction. The smallest decline of -21.2% was in 2021.
In value terms, refined coconut oil imports shrank significantly to $142K in 2022. In general, imports saw a precipitous descent. The pace of growth appeared the most rapid in 2020 when imports increased by 36%. As a result, imports reached the peak of $723K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Refined Coconut Oil in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 68.8 | 70.9 | 136 | 43.0 | -14.5% |
| Germany | N/A | 27.8 | 21.8 | 42.6 | 23.8% |
| Sweden | 15.4 | 36.0 | 41.9 | 21.8 | 12.3% |
| Netherlands | 15.1 | 92.5 | 21.9 | 16.1 | 2.2% |
| Ghana | 1.5 | 1.5 | 7.6 | 14.1 | 111.0% |
| Malaysia | 251 | 85.1 | 25.4 | 1.8 | -80.7% |
| Vietnam | N/A | N/A | 79.2 | N/A | 0% |
| Indonesia | 148 | 403 | 346 | N/A | 52.9% |
| Others | 32.9 | 5.4 | 12.4 | 2.7 | -56.5% |
| Total | 533 | 723 | 693 | 142 | -35.7% |
Top Suppliers of Refined Coconut Oil to Thailand in 2022:
- Germany (9.1 tons)
- Philippines (7.8 tons)
- Netherlands (3.3 tons)
- Sweden (1.9 tons)
- Ghana (1.1 tons)
- Malaysia (0.1 tons)
This report provides an in-depth analysis of the refined coconut oil market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
-
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 Thailand.
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This report provides an in-depth analysis of the coconut oil market in Thailand.
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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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In April 2023, the palm kernel oil price amounted to $857 per ton (FOB, Thailand), leveling off at the previous month.
191
Crude Coconut Oil imports continue to reveal a significant decline, with November 2023 seeing a surge to $224K in value.
757
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.
3014
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
