Eastern Europe: Coconut Oil Market 2024

Coconut Oil Market Size in Eastern Europe

In 2022, the East European coconut oil market increased by X% to $X, rising for the third consecutive year after three years of decline. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Coconut Oil Production in Eastern Europe

In value terms, coconut oil production contracted markedly to $X in 2022 estimated in export price. In general, production, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X,500% against the previous year. Over the period under review, production attained the peak level at $X in 2021, and then contracted notably in the following year.

Coconut Oil Exports

Exports in Eastern Europe

In 2022, shipments abroad of coconut (copra) oil decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, coconut oil exports declined rapidly to $X in 2022. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Poland was the largest exporting country with an export of around X tons, which resulted at X% of total exports. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%) and Lithuania (X%). The following exporters - Hungary (X tons), Slovakia (X tons) and Bulgaria (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to coconut oil exports from Poland stood at X%. At the same time, Hungary (X%), Slovakia (X%), Russia (X%), the Czech Republic (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Bulgaria (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Russia (X p.p.), the Czech Republic (X p.p.), Hungary (X p.p.) and Slovakia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bulgaria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest coconut oil supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Poland stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut oil export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the export prices attained the peak figure 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 Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Coconut Oil Imports

Imports in Eastern Europe

In 2022, after two years of growth, there was decline in supplies from abroad of coconut (copra) oil, when their volume decreased by X% to X tons. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, coconut oil imports skyrocketed to $X in 2022. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Russia represented the major importer of coconut (copra) oil in Eastern Europe, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Poland (X tons), creating a X% share of total imports. The following importers - Ukraine (X tons), Hungary (X tons), Romania (X tons), the Czech Republic (X tons), Belarus (X tons) and Lithuania (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to coconut oil imports into Russia stood at X%. At the same time, Lithuania (X%), Belarus (X%), Hungary (X%), the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Romania (X%) and Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported coconut (copra) oil in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

In Russia, coconut oil imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut oil import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Belarus ($X per ton) and the Czech Republic ($X per ton), while Russia ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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