EU: Crude Coconut Oil Market 2022

Crude Coconut Oil Market Size in the EU

The EU crude coconut oil market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption continues to indicate a mild expansion. As a result, consumption reached 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 reduced to $X in 2021 estimated in export price. Overall, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Crude Coconut Oil Exports

Exports in the EU

In 2021, overseas shipments of crude coconut (copra) oil increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, crude coconut oil exports skyrocketed to $X in 2021. In general, exports recorded a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands was the major exporter of crude coconut (copra) oil in the European Union, with the volume of exports reaching X tons, which was near X% of total exports in 2021. It was distantly followed by Germany (X tons) and Slovenia (X tons), together constituting a X% share of total exports.

Exports from the Netherlands increased at an average annual rate of +X% from 2012 to 2021. At the same time, Slovenia (+X%) and Germany (+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. From 2012 to 2021, the share of Slovenia and Germany increased by +X and +X percentage points, respectively.

In value terms, the Netherlands ($X), Germany ($X) and Slovenia ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for X% of total exports.

Slovenia, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 2021, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per ton), while the Netherlands ($X per ton) 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 mixed trends in the export price figures.

Crude Coconut Oil Imports

Imports in the EU

Crude coconut oil imports was estimated at X tons in 2021, picking up by X% on 2020. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, crude coconut oil imports surged to $X in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its value increased 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 attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the main importing country with an import of about X tons, which reached X% of total imports. Germany (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), Spain (X%) and France (X%). Sweden (X tons) followed a long way behind the leaders.

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. While the share of Spain (+X p.p.), Italy (+X p.p.) and Sweden (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Germany (-X p.p.) and the Netherlands (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported crude coconut (copra) oil in the European Union, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value in the Netherlands was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Italy (+X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, surging by X% against the previous year. Import price indicated tangible 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 ton 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 ($X per ton) and Germany ($X per ton), while the Netherlands ($X per ton) and Italy ($X per ton) 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 Market Intelligence Platform

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