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

Refined Coconut Oil Market Size in Australia

In 2019, the Australian refined coconut oil market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in the immediate term.

Refined Coconut Oil Production in Australia

In value terms, refined coconut oil production rose notably to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the near future.

Refined Coconut Oil Exports

Exports from Australia

In 2019, shipments abroad of refined coconut (copra) oil decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. From 2015 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, refined coconut oil exports fell to $X in 2019. Over the period under review, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

China (X tonnes), New Zealand (X tonnes) and France (X tonnes) were the main destinations of refined coconut oil exports from Australia, together comprising X% of total exports. These countries were followed by Hong Kong SAR, Chile, New Caledonia and Singapore, which together accounted for a further X 2007 to 2019, the biggest increases were in Hong Kong SAR (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual growth rate of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+X% per year) and France (+X% per year).

Export Prices by Country

In 2019, the average refined coconut oil export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per tonne), while the average price for exports to New Zealand ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Refined Coconut Oil Imports

Imports into Australia

In 2019, approx. X tonnes of refined coconut (copra) oil were imported into Australia; which is down by -X% compared with the year before. In general, total imports indicated measured growth from 2007 to 2019: its volume 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, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes, and then declined remarkably in the following year.

In value terms, refined coconut oil imports dropped significantly to $X in 2019. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2018, and then fell notably in the following year.

Imports by Country

In 2019, Malaysia (X tonnes) constituted the largest supplier of refined coconut oil to Australia, accounting for a X% share of total imports. Moreover, refined coconut oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tonnes), fourfold.

From 2007 to 2019, the average annual growth rate of volume from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+X% per year) and the Philippines (+X% per year).

In value terms, Malaysia ($X), Sri Lanka ($X) and the Philippines ($X) were the largest refined coconut oil suppliers to Australia, together accounting for X% of total imports.

Sri Lanka (+X% per year) saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average refined coconut oil import price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, import price indicated a buoyant 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. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Sri Lanka ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Philippines, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined coconut (copra) oil in the world?
+
The country with the largest volume of refined coconut oil consumption was the U.S. (24M tonnes), accounting for 56% of total volume. Moreover, refined coconut oil consumption in the U.S. exceeded the figures recorded by the second-largest consumer, China (3.1M tonnes), eightfold. The third position in this ranking was occupied by India (1.3M tonnes), with a 3% share.
What are the largest producers of refined coconut (copra) oil in the world?
+
The country with the largest volume of refined coconut oil production was the U.S. (23M tonnes), comprising approx. 55% of total volume. Moreover, refined coconut oil production in the U.S. exceeded the figures recorded by the second-largest producer, China (3M tonnes), eightfold. India (1.3M tonnes) ranked third in terms of total production with a 3.1% share.
What are the leading suppliers of refined coconut (copra) oil to Australia?
+
In value terms, Malaysia ($8.1M), Sri Lanka ($7.1M) and the Philippines ($2.7M) appeared to be the largest refined coconut oil suppliers to Australia, with a combined 89% share of total imports.
What are the leading importers of refined coconut (copra) oil from Australia?
+
In value terms, China ($407K) remains the key foreign market for refined coconut oil exports from Australia, comprising 58% of total exports. The second position in the ranking was occupied by New Zealand ($100K), with a 14% share of total exports. It was followed by France, with a 7.5% share.
What is the average export price for refined coconut (copra) oil in Australia?
+
The average refined coconut oil export price stood at $5,607 per tonne in 2019, surging by 11% against the previous year.
What is the average import price for refined coconut (copra) oil in Australia?
+
The average refined coconut oil import price stood at $1,739 per tonne in 2019, declining by -12.7% 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 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

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
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 2025
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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