Eastern Europe: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Eastern Europe

In 2022, after two years of growth, there was significant decline in the East European crude coconut oil market, when its value decreased by X% to $X. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Crude Coconut Oil Production in Eastern Europe

In value terms, crude coconut oil production shrank modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Crude Coconut Oil Exports

Exports in Eastern Europe

In 2022, shipments abroad of crude coconut (copra) oil decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, crude coconut oil exports contracted markedly to $X in 2022. Overall, exports, however, recorded resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined significantly in the following year.

Exports by Country

The biggest shipments were from the Czech Republic (X tons), Hungary (X tons), Poland (X tons) and Lithuania (X tons), together amounting to X% of total export. It was distantly followed by Slovakia (X tons), making up a X% share of total exports. The following exporters - Bulgaria (X tons) and Romania (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest crude coconut oil supplying countries in Eastern Europe were Lithuania ($X), Poland ($X) and the Czech Republic ($X), together comprising X% of total exports. Hungary, Slovakia, Bulgaria and Romania lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, dropping by X% against the previous year. Overall, the export price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2014 an increase of X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced mixed trends in the export price figures.

Crude Coconut Oil Imports

Imports in Eastern Europe

After two years of growth, purchases abroad of crude coconut (copra) oil decreased by X% to X tons in 2022. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, crude coconut oil imports dropped rapidly to $X in 2022. Overall, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

In 2022, Slovakia (X tons), distantly followed by Ukraine (X tons), Russia (X tons), the Czech Republic (X tons), Lithuania (X tons), Poland (X tons) and Hungary (X tons) were the key importers of crude coconut (copra) oil, together achieving X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crude coconut oil importing markets in Eastern Europe were Slovakia ($X), the Czech Republic ($X) and Russia ($X), with a combined X% share of total imports.

In terms of the main importing countries, Slovakia, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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