Asia: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Asia

The Asian crude coconut oil market fell to $X in 2022, waning by X% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Crude Coconut Oil Production in Asia

In value terms, crude coconut oil production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Crude Coconut Oil Exports

Exports in Asia

In 2022, shipments abroad of crude coconut (copra) oil increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a perceptible decline. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, crude coconut oil exports soared to $X in 2022. Overall, exports showed a moderate expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Indonesia (X tons) and the Philippines (X tons) dominates exports structure, together mixing up X% of total exports. The following exporters - Sri Lanka (X tons) and Malaysia (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

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

In the Philippines, crude coconut oil exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then reduced modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports in Asia

In 2022, supplies from abroad of crude coconut (copra) oil increased by X% to X tons, rising for the fifth consecutive year after five years of decline. In general, imports showed a modest increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, crude coconut oil imports skyrocketed to $X in 2022. Over the period under review, imports saw a noticeable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Malaysia represented the largest importer of crude coconut (copra) oil in Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Indonesia (X tons), constituting a X% share of total imports. The following importers - Thailand (X tons) and Sri Lanka (X tons) - together made up X% of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Sri Lanka (X%), Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Malaysia (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Malaysia, crude coconut oil imports expanded at an average annual rate of X% over the period from 2012-2022. 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

In 2022, the import price in Asia amounted to $X per ton, waning by X% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude coconut oil import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Indonesia ($X per ton) and Thailand ($X per ton), while Malaysia ($X per ton) and Sri Lanka ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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