China: Crude Coconut Oil Market Overview 2021

Crude Coconut Oil Market Size in China

In 2019, after two years of decline, there was significant growth in the Chinese crude coconut oil market, when its value increased by X% to $X. Over the period under review, consumption, however, recorded a deep setback. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Crude Coconut Oil Exports

Exports from China

In 2019, overseas shipments of crude coconut (copra) oil decreased by -X% to X tonnes, falling for the fourth consecutive year after five years of growth. Over the period under review, exports showed a deep setback. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, crude coconut oil exports fell significantly to $X in 2019. Overall, exports saw a slight contraction. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

Germany (X tonnes), Switzerland (X tonnes) and Canada (X kg) were the main destinations of crude coconut oil exports from China, with a combined X% share of total exports. These countries were followed by Hungary, Bulgaria, the UK and Iceland, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude coconut oil exported from China were Germany ($X), Switzerland ($X) and Canada ($X), with a combined X% share of total exports. These countries were followed by Hungary, Iceland, the UK and Bulgaria, which together accounted for a further X terms of the main countries of destination, Hungary (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude coconut oil export price stood at $X per tonne in 2019, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Iceland ($X per tonne), while the average price for exports to Bulgaria ($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 Iceland, while the prices for the other major destinations experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports into China

In 2019, supplies from abroad of crude coconut (copra) oil increased by X% to X tonnes for the first time since 2014, thus ending a four-year declining trend. Overall, imports, however, showed a abrupt shrinkage. Over the period under review, imports hit record highs at X tonnes in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

In value terms, crude coconut oil imports surged to $X in 2019. In general, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, imports attained the peak of $X. From 2009 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, the Philippines (X tonnes) constituted the largest crude coconut oil supplier to China, accounting for a X% share of total imports. Moreover, crude coconut oil imports from the Philippines exceeded the figures recorded by the second-largest supplier, Viet Nam (X tonnes), more than tenfold. Australia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from the Philippines stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and Australia (+X% per year).

In value terms, the Philippines ($X) constituted the largest supplier of crude coconut oil to China, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by Viet Nam, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from the Philippines amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Viet Nam (+X% per year).

Import Prices by Country

The average crude coconut oil import price stood at $X per tonne in 2019, picking up by X% against the previous year. Over the period under review, the import price continues to indicate measured growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, 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 crude coconut (copra) oil in the world?

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The countries with the highest volumes of crude coconut oil consumption in 2019 were Indonesia (630K tonnes), India (392K tonnes) and the Netherlands (341K tonnes), with a combined 46% share of global consumption. These countries were followed by the Philippines, Malaysia, the U.S., Viet Nam, Germany, Mexico, Spain and Cote d'Ivoire, which together accounted for a further 39%.

What are the largest producers of crude coconut (copra) oil in the world?

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The countries with the highest volumes of crude coconut oil production in 2019 were the Philippines (978K tonnes), Indonesia (879K tonnes) and India (390K tonnes), with a combined 75% share of global production. These countries were followed by Viet Nam, Mexico, Malaysia and Cote d'Ivoire, which together accounted for a further 13%.

What are the leading suppliers of crude coconut (copra) oil to China?

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In value terms, the Philippines ($11M) constituted the largest supplier of crude coconut oil to China, comprising 46% of total imports. The second position in the ranking was occupied by Australia ($5M), with a 22% share of total imports. It was followed by Viet Nam, with a 15% share.

What are the leading importers of crude coconut (copra) oil from China?

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In value terms, the largest markets for crude coconut oil exported from China were Germany ($20K), Switzerland ($19K) and Canada ($11K), together accounting for 67% of total exports. These countries were followed by Hungary, Iceland, the UK and Bulgaria, which together accounted for a further 24%.

What is the average export price for crude coconut (copra) oil in China?

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In 2019, the average crude coconut oil export price amounted to $12,936 per tonne, surging by 59% against the previous year.

What is the average import price for crude coconut (copra) oil in China?

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In 2019, the average crude coconut oil import price amounted to $1,498 per tonne, growing by 7% against the previous year.