EU: Crude Coconut Oil Market 2022

Crude Coconut Oil Market Size in the EU

In 2021, the EU crude coconut oil market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Crude Coconut Oil Production in the EU

In value terms, crude coconut oil production fell modestly to $X in 2021 estimated in export prices. Over the period under review, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Production By Country in the EU

Italy (X tonnes) remains the largest crude coconut oil producing country in the European Union, accounting for X% of total volume. Moreover, crude coconut oil production in Italy exceeded the figures recorded by the second-largest producer, Poland (X tonnes), fivefold.

In Italy, crude coconut oil production expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (-X% per year) and Denmark (-X% per year).

Crude Coconut Oil Exports

Exports in the EU

In 2021, overseas shipments of crude coconut (copra) oil increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% year-to-year. The volume of export peaked at X tonnes in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, crude coconut oil exports surged to $X in 2021. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% year-to-year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

The Netherlands was the largest exporting country with an export of about X tonnes, which accounted for X% of total exports. Germany (X tonnes) ranks second in terms of the total exports with a X% share, followed by Slovenia (X%). Belgium (X tonnes) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to crude coconut oil exports from the Netherlands stood at +X%. At the same time, Slovenia (+X%), Germany (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2012-2021. Slovenia (+X p.p.) and Germany (+X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest crude coconut oil supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Slovenia ($X), with a combined X% share of total exports.

Among the main exporting countries, Slovenia, with a CAGR of +X%, 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 crude coconut oil export price in the European Union stood at $X per tonne in 2021, rising by X% against the previous year. In general, the export price saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. As a result, the export price attained the peak level of $X per tonne. From 2019 to 2021, the the export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per tonne), while the Netherlands ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the other leaders experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports in the EU

In 2021, approx. X tonnes of crude coconut (copra) oil were imported in the European Union; picking up by X% compared with the year before. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, crude coconut oil imports surged to $X in 2021. Total imports indicated a slight expansion from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands represented the major importing country with an import of around X tonnes, which reached X% of total imports. It was distantly followed by Germany (X tonnes), Italy (X tonnes), Spain (X tonnes) and France (X tonnes), together mixing up a X% share of total imports. Sweden (X tonnes) occupied a minor share of total imports.

Imports into the Netherlands decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Sweden (+X%), Spain (+X%), Italy (+X%) and France (+X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the European Union, with a CAGR of +X% from 2012-2021. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Spain, Italy and Sweden 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, the Netherlands ($X) constitutes the largest market for imported crude coconut (copra) oil in the European Union, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

In the Netherlands, crude coconut oil imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Italy (+X% per year).

Import Prices by Country

The crude coconut oil import price in the European Union stood at $X per tonne in 2021, increasing by X% against the previous year. Import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crude coconut oil import price increased by +X% against 2019 indices. Over the period under review, import prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per tonne) and Germany ($X per tonne), while the Netherlands ($X per tonne) and Italy ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform