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Colombia - Crude Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Colombia: Crude Coconut Oil Market Overview 2021

Crude Coconut Oil Market Size in Colombia

In 2019, the Colombian crude coconut oil market decreased by -X% to $X, falling for the third year in a row after seven years of growth. Overall, consumption showed a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Crude Coconut Oil Production in Colombia

In value terms, crude coconut oil production dropped to $X in 2019 estimated in export prices. Overall, production, however, saw a strong expansion. The growth pace was the most rapid in 2014 when the production volume increased by X% y-o-y. Crude coconut oil production peaked at $X in 2015; however, from 2016 to 2019, production failed to regain the momentum.

Crude Coconut Oil Exports

Exports from Colombia

In 2019, shipments abroad of crude coconut (copra) oil increased by X% to X tonnes, rising for the fourth year in a row after four years of decline. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2019 and are likely to see gradual growth in the immediate term.

In value terms, crude coconut oil exports rose sharply to $X in 2019. In general, exports posted a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X tonnes), Canada (X tonnes) and the Netherlands (X kg) were the main destinations of crude coconut oil exports from Colombia, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in the Netherlands, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude coconut oil exported from Colombia were Mexico ($X), Canada ($X) and the Netherlands ($X), together comprising X% of total exports.

Among the main countries of destination, the Netherlands 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, falling by -X% against the previous year. Over the period under review, the export price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Mexico ($X per tonne), while the average price for exports to the Netherlands ($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 Canada, while the prices for the other major destinations experienced mixed trend patterns.

Crude Coconut Oil Imports

Imports into Colombia

In 2019, crude coconut oil imports into Colombia dropped dramatically to X tonnes, with a decrease of -X% against 2018. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. From 2017 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, crude coconut oil imports declined dramatically to $X in 2019. Overall, imports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2017 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) constituted the largest supplier of crude coconut oil to Colombia, accounting for a X% share of total imports. Moreover, crude coconut oil imports from the U.S. exceeded the figures recorded by the second-largest supplier, Mexico (X tonnes), twofold. The third position in this ranking was occupied by the Philippines (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and the Philippines (+X% per year).

In value terms, the U.S. ($X), Mexico ($X) and the Philippines ($X) constituted the largest crude coconut oil suppliers to Colombia, together accounting for X% of total imports.

In terms of the main suppliers, the Philippines recorded the highest rates of growth with regard to the value of imports, 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 crude coconut oil import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2018, and then contracted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Thailand ($X per tonne) and Mexico ($X per tonne), while the price for the U.S. ($X per tonne) and the Philippines ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude coconut (copra) oil in the world?
+
The countries with the highest volumes of crude coconut oil consumption in 2019 were the Philippines (729K tonnes), Indonesia (624K tonnes) and the Netherlands (341K tonnes), with a combined 51% share of global consumption. These countries were followed by India, Malaysia, the U.S., Viet Nam, Germany, Mexico and Bangladesh, which together accounted for a further 35%.
What are the largest producers of crude coconut (copra) oil in the world?
+
The countries with the highest volumes of crude coconut oil production in 2019 were the Philippines (1.3M tonnes), Indonesia (874K tonnes) and India (314K tonnes), with a combined 77% share of global production. Viet Nam, Mexico, Bangladesh and Sri Lanka lagged somewhat behind, together comprising a further 13%.
What are the leading suppliers of crude coconut (copra) oil to Colombia?
+
In value terms, the U.S. ($30K), Mexico ($15K) and the Philippines ($2.7K) constituted the largest crude coconut oil suppliers to Colombia, together accounting for 96% of total imports.
What are the leading importers of crude coconut (copra) oil from Colombia?
+
In value terms, Mexico ($25K), Canada ($16K) and the Netherlands ($107) were the largest markets for crude coconut oil exported from Colombia worldwide, together comprising 100% of total exports.
What is the average export price for crude coconut (copra) oil in Colombia?
+
In 2019, the average crude coconut oil export price amounted to $3,725 per tonne, reducing by -5.7% against the previous year.
What is the average import price for crude coconut (copra) oil in Colombia?
+
The average crude coconut oil import price stood at $1,562 per tonne in 2019, which is down by -6.6% 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 Colombia. 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:
• Colombia

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