Asia: Crude Coconut Oil Market 2022

Crude Coconut Oil Market Size in Asia

The Asian crude coconut oil market reduced to $X in 2021, which is down by -X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Crude Coconut Oil Production in Asia

In value terms, crude coconut oil production dropped modestly to $X in 2021 estimated in export prices. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Production By Country in Asia

The countries with the highest volumes of crude coconut oil production in 2021 were the Philippines (X tonnes), Indonesia (X tonnes) and India (X tonnes), with a combined X% share of total production. Vietnam, Sri Lanka and Malaysia lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of crude coconut oil production, amongst the key producing countries, was attained by Vietnam (+X%), while crude coconut oil production for the other leaders experienced more modest paces of growth.

Crude Coconut Oil Exports

Exports in Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of crude coconut (copra) oil, when their volume increased by X% to X tonnes. Over the period under review, exports, however, continue to indicate a mild shrinkage. Over the period under review, the exports reached the maximum at X tonnes in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, crude coconut oil exports surged to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The Philippines represented the main exporter of crude coconut (copra) oil in Asia, with the volume of exports recording X tonnes, which was near X% of total exports in 2021. It was distantly followed by Indonesia (X tonnes), mixing up a X% share of total exports. Malaysia (X tonnes) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the crude coconut (copra) oil exports, with a CAGR of +X% from 2012 to 2021. Malaysia (-X%) and Indonesia (-X%) illustrated a downward trend over the same period. While the share of the Philippines (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) remains the largest crude coconut oil supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports.

In the Philippines, crude coconut oil exports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (-X% per year) and Malaysia (-X% per year).

Export Prices by Country

In 2021, the crude coconut oil export price in Asia amounted to $X per tonne, picking up by X% against the previous year. Export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crude coconut oil export price increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per tonne in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Philippines ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+X%), while the other leaders experienced mixed trends in the export price figures.

Crude Coconut Oil Imports

Imports in Asia

Crude coconut oil imports declined dramatically to X tonnes in 2021, waning by -X% on the previous year's figure. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X% year-to-year. The volume of import peaked at X tonnes in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, crude coconut oil imports declined rapidly to $X in 2021. Overall, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tonnes) represented the key importer of crude coconut (copra) oil, mixing up X% of total imports. Indonesia (X tonnes) ranks second in terms of the total imports with a X% share, followed by Thailand (X%). The following importers - Singapore (X tonnes) and China (X tonnes) - each finished at a X% share of total imports.

Imports into Malaysia decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Thailand (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (-X%) and China (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia, Indonesia and Thailand increased by +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported crude coconut (copra) oil in Asia, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Malaysia, crude coconut oil imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Thailand (+X% per year).

Import Prices by Country

The crude coconut oil import price in Asia stood at $X per tonne in 2021, with an increase of X% against the previous year. Import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, import prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per tonne), while Singapore ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform