CIS: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in CIS

The CIS crude coconut oil market surged to $X in 2022, rising by X% against the previous year. In general, consumption, however, recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crude Coconut Oil Production in CIS

In value terms, crude coconut oil production totaled $X in 2022 estimated in export price. Overall, production recorded a slight slump. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Crude Coconut Oil Exports

Exports in CIS

In 2022, the amount of crude coconut (copra) oil exported in the CIS contracted dramatically to X tons, declining by X% on 2021 figures. In general, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude coconut oil exports declined sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Uzbekistan (X tons) and Russia (X tons) represented the main exporter of crude coconut (copra) oil in the CIS, creating X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uzbekistan (with a CAGR of X.5%).

In value terms, Russia ($X) remains the largest crude coconut oil supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, picking up by X% against the previous year. In general, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Crude Coconut Oil Imports

Imports in CIS

In 2022, the amount of crude coconut (copra) oil imported in the CIS surged to X tons, growing by X% compared with the previous year's figure. Over the period under review, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, crude coconut oil imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Belarus (X tons) and Armenia (X tons), together committing an X% share of total imports. The following importers - Moldova (X tons), Kazakhstan (X tons) and Azerbaijan (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to crude coconut oil imports into Russia stood at X%. At the same time, Armenia (X%), Moldova (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Azerbaijan (X%) and Kazakhstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus, Armenia and Moldova 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, Russia ($X) constitutes the largest market for imported crude coconut (copra) oil in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Armenia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Armenia (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, posted tangible growth. The pace of growth was the most pronounced in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Armenia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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