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Africa - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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Africa: Refined Coconut Oil Market Overview 2021

Refined Coconut Oil Market Size in Africa

The African refined coconut oil market rose modestly to $X in 2019, growing by X% against the previous year. The total consumption indicated pronounced growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level in 2019 and is likely to see gradual growth in the immediate term.

Refined Coconut Oil Production in Africa

In value terms, refined coconut oil production rose to $X in 2019 estimated in export prices. The total production indicated temperate growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked in 2019 and is likely to see steady growth in years to come.

Production By Country in Africa

The countries with the highest volumes of refined coconut oil production in 2019 were Nigeria (X tonnes), Ethiopia (X tonnes) and Democratic Republic of the Congo (X tonnes), together comprising X% of total production. Egypt, Tanzania, Sudan, South Africa, Uganda, Kenya, Algeria, Somalia, Mozambique and Morocco lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of refined coconut oil production, amongst the key producing countries, was attained by Somalia, while refined coconut oil production for the other leaders experienced more modest paces of growth.

Refined Coconut Oil Exports

Exports in Africa

After three years of growth, overseas shipments of refined coconut (copra) oil decreased by -X% to X tonnes in 2019. Overall, exports, however, recorded measured growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes, and then fell dramatically in the following year.

In value terms, refined coconut oil exports soared to $X in 2019. In general, exports, however, saw resilient growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2019, Cote d'Ivoire (X tonnes) represented the major exporter of refined coconut (copra) oil, generating X% of total exports. It was distantly followed by Mozambique (X tonnes) and Kenya (X tonnes), together constituting a X% share of total exports. Burkina Faso (X tonnes) occupied a minor share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the refined coconut (copra) oil exports, with a CAGR of +X% from 2007 to 2019. At the same time, Burkina Faso (+X%) and Mozambique (+X%) displayed positive paces of growth. By contrast, Kenya (-X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (+X p.p.), Mozambique (+X p.p.) and Burkina Faso (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Kenya (-X p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X) emerged as the largest refined coconut oil supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by Mozambique ($X), with a X% share of total exports. It was followed by Kenya, with a X% share.

In Cote d'Ivoire, refined coconut oil exports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Mozambique (-X% per year) and Kenya (+X% per year).

Export Prices by Country

In 2019, the refined coconut oil export price in Africa amounted to $X per tonne, with an increase of X% against the previous year. Export price indicated a mild increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, refined coconut oil export price decreased by -X% against 2017 indices. Over the period under review, export prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Burkina Faso ($X per tonne), while Mozambique ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Burkina Faso, while the other leaders experienced more modest paces of growth.

Refined Coconut Oil Imports

Imports in Africa

In 2019, the amount of refined coconut (copra) oil imported in Africa declined to X tonnes, which is down by -X% compared with the previous year's figure. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, refined coconut oil imports dropped rapidly to $X in 2019. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

South Africa (X tonnes), Egypt (X tonnes) and Algeria (X tonnes) represented roughly X% of total imports of refined coconut (copra) oil in 2019. Tunisia (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by Somalia (X%). The following importers - Malawi (X tonnes) and Libya (X tonnes) - together made up X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malawi, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined coconut oil importing markets in Africa were Egypt ($X), South Africa ($X) and Algeria ($X), together accounting for X% of total imports. These countries were followed by Tunisia, Somalia, Libya and Malawi, which together accounted for a further X saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the refined coconut oil import price in Africa amounted to $X per tonne, shrinking by -X% against the previous year. Import price indicated slight growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, refined coconut oil import price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. The level of import peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Somalia ($X per tonne), while Malawi ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Somalia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined coconut (copra) oil in Africa?
+
The countries with the highest volumes of refined coconut oil consumption in 2019 were Nigeria (392K tonnes), Ethiopia (325K tonnes) and Democratic Republic of the Congo (256K tonnes), with a combined 31% share of total consumption. Egypt, Tanzania, South Africa, Sudan, Uganda, Kenya, Algeria, Somalia, Mozambique and Morocco lagged somewhat behind, together comprising a further 41%.
What are the largest producers of refined coconut (copra) oil in Africa?
+
The countries with the highest volumes of refined coconut oil production in 2019 were Nigeria (392K tonnes), Ethiopia (325K tonnes) and Democratic Republic of the Congo (256K tonnes), together accounting for 32% of total production. These countries were followed by Egypt, Tanzania, Sudan, South Africa, Uganda, Kenya, Algeria, Somalia, Mozambique and Morocco, which together accounted for a further 41%.
What are the leading exporters of refined coconut (copra) oil in Africa?
+
In value terms, Cote d'Ivoire ($1M) emerged as the largest refined coconut oil supplier in Africa, comprising 54% of total exports. The second position in the ranking was occupied by Mozambique ($260K), with a 13% share of total exports. It was followed by Kenya, with a 11% share.
What are the leading importers of refined coconut (copra) oil in Africa?
+
In value terms, the largest refined coconut oil importing markets in Africa were Egypt ($5.8M), South Africa ($5.1M) and Algeria ($3.9M), together comprising 63% of total imports. These countries were followed by Tunisia, Somalia, Libya and Malawi, which together accounted for a further 24%.
What is the average export price for refined coconut (copra) oil in Africa?
+
The refined coconut oil export price in Africa stood at $1,215 per tonne in 2019, jumping by 289% against the previous year.
What is the average import price for refined coconut (copra) oil in Africa?
+
The refined coconut oil import price in Africa stood at $1,103 per tonne in 2019, declining by -20.6% against the previous year.

Product coverage:
• Prodcom 10415800 - Refined coconut (copra) oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined coconut oil market in Africa. 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 2025.


Country coverage:
• Benin
• Botswana
• Burkina Faso
• Burundi
• Cabo Verde
• Cameroon
• Central African Republic
• Chad
• Comoros
• Congo
• Cote d'Ivoire
• Democratic Republic of the Congo
• Djibouti
• Equatorial Guinea
• Eritrea
• Ethiopia
• Gabon
• Gambia
• Guinea
• Guinea-Bissau
• Lesotho
• Liberia
• Madagascar
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Mozambique
• Namibia
• Niger
• Réunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• Swaziland
• Tanzania
• Togo
• Tunisia
• Uganda
• Western Sahara
• Zambia
• Zimbabwe

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Africa, split by region and country
• Trade (exports and imports) in Africa
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Algeria
• Angola
• Benin
• Botswana
• Burkina Faso
• Burundi
• Cabo Verde
• Cameroon
• Central African Republic
• Chad
• Comoros
• Congo
• Democratic Republic of the Congo
• Djibouti
• Egypt
• Equatorial Guinea
• Eritrea
• Ethiopia
• Gabon
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Kenya
• Lesotho
• Liberia
• Libya
• Madagascar
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Morocco
• Mozambique
• Namibia
• Niger
• Nigeria
• Réunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• South Africa
• Sudan
• Swaziland
• Tanzania
• Togo
• Tunisia
• Uganda
• Zambia
• Zimbabwe
• Cote d'Ivoire
• Western Sahara
• South Sudan
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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