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

Crude Coconut Oil Market Size in Australia

For the third consecutive year, the Australian crude coconut oil market recorded decline in sales value, which decreased by -X% to $X in 2020. In general, consumption continues to indicate a abrupt slump. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Crude coconut oil consumption peaked at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

Crude Coconut Oil Production in Australia

In value terms, crude coconut oil production shrank dramatically to $X in 2020 estimated in export prices. In general, production recorded a drastic downturn. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Crude Coconut Oil Exports

Exports from Australia

For the third consecutive year, Australia recorded growth in shipments abroad of crude coconut (copra) oil, which increased by X% to X tonnes in 2020. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, crude coconut oil exports reduced slightly to $X in 2020. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at $X in 2019, and then dropped modestly in the following year.

Exports by Country

China (X tonnes) was the main destination for crude coconut oil exports from Australia, with a X% share of total exports. Moreover, crude coconut oil exports to China exceeded the volume sent to the second major destination, Sri Lanka (X tonnes), fourfold. The U.S. (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and the U.S. (+X% per year).

In value terms, China ($X) remains the key foreign market for crude coconut oil exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2020, the average crude coconut oil export price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Sri Lanka ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports into Australia

In 2020, approx. X tonnes of crude coconut (copra) oil were imported into Australia; falling by -X% against 2019 figures. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, crude coconut oil imports fell rapidly to $X in 2020. Overall, imports showed a abrupt descent. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Fiji (X tonnes) constituted the largest crude coconut oil supplier to Australia, with a X% share of total imports. Moreover, crude coconut oil imports from Fiji exceeded the figures recorded by the second-largest supplier, the Philippines (X tonnes), sevenfold.

From 2007 to 2020, the average annual growth rate of volume from Fiji stood at -X%.

In value terms, the largest crude coconut oil suppliers to Australia were Fiji ($X) and the Philippines ($X terms of the main suppliers, the Philippines saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average crude coconut oil import price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Overall, the import price, however, saw a prominent expansion. The growth pace was the most rapid in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Philippines ($X per tonne), while the price for Fiji totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for coconut (copra) oil in the world?
+
The countries with the highest volumes of coconut oil consumption in 2020 were the U.S. (435K tonnes), the Philippines (348K tonnes) and Indonesia (327K tonnes), with a combined 34% share of global consumption. These countries were followed by India, China, Viet Nam, Germany, Mexico, the Netherlands, Malaysia, Bangladesh, Italy and France, which together accounted for a further 42%.
What are the largest producers of coconut (copra) oil in the world?
+
The countries with the highest volumes of coconut oil production in 2020 were the Philippines (1.3M tonnes), Indonesia (867K tonnes) and India (308K tonnes), together comprising 76% of global production. These countries were followed by Viet Nam, Mexico, Bangladesh and Sri Lanka, which together accounted for a further 13%.
What are the leading suppliers of coconut (copra) oil to Australia?
+
In value terms, the largest coconut oil suppliers to Australia were Malaysia ($7.7M), Sri Lanka ($6.5M) and the Philippines ($2.9M), together accounting for 89% of total imports.
What are the leading importers of coconut (copra) oil from Australia?
+
In value terms, China ($797K) remains the key foreign market for coconut oil exports from Australia, comprising 54% of total exports. The second position in the ranking was occupied by New Zealand ($171K), with a 12% share of total exports. It was followed by Sri Lanka, with a 12% share.
What is the average export price for coconut (copra) oil in Australia?
+
In 2020, the average coconut oil export price amounted to $3,556 per tonne, dropping by -34.7% against the previous year.
What is the average import price for coconut (copra) oil in Australia?
+
In 2020, the average coconut oil import price amounted to $1,686 per tonne, dropping by -7% against the previous year.

Product coverage:
• FCL 252 - Oil of Coconuts

This report provides an in-depth analysis of the crude coconut oil market in Australia. 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:
• Australia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Australia
• 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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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