Grenada: Coconut Oil Market Overview 2020

Coconut Oil Market Size in Grenada

The revenue of the coconut oil market in Grenada amounted to $X in 2018, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, coconut oil consumption continues to indicate a strong increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Grenada coconut oil consumption peaked at $X in 2009; however, from 2010 to 2018, consumption failed to regain its momentum.

Coconut Oil Exports

Exports by Country

The Philippines was the largest exporter of crude coconut (copra) oil in the world, with the volume of exports reaching X tonnes, which was approx. X% of total exports in 2018. It was distantly followed by Indonesia (X tonnes), generating a X% share of total exports. The Netherlands (X tonnes), Papua New Guinea (X tonnes), Malaysia (X tonnes) and the U.S. (X tonnes) took a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) remains the largest coconut oil supplier from Grenada, comprising X% of global exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of global exports. It was followed by Papua New Guinea, with a X% share.

In the Philippines, coconut oil exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Indonesia (-X% per year) and Papua New Guinea (+X% per year).

Export Prices by Country

In 2018, the coconut oil export price in Grenada amounted to $X per tonne, approximately mirroring the previous year. Overall, the coconut oil export price continues to indicate a relatively flat trend pattern. Grenada export price peaked at $X per tonne in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Philippines ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Papua New Guinea, while the other leaders experienced more modest paces of growth.

Coconut Oil Imports

Imports into Grenada

In 2018, the imports of crude coconut (copra) oil into Grenada stood at X tonnes, increasing by X% against the previous year. Overall, coconut oil imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, coconut oil imports reached their peak figure at X tonnes in 2009; however, from 2010 to 2018, imports remained at a lower figure.

In value terms, coconut oil imports totaled $X in 2018. In general, coconut oil imports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Grenada imports peaked at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the Netherlands (X tonnes), distantly followed by the U.S. (X tonnes), Malaysia (X tonnes), China (X tonnes) and Germany (X tonnes) were the main importers of crude coconut (copra) oil, together committing X% of total imports. The following importers - Spain (X tonnes) and Italy (X tonnes) - each accounted for a X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Grenada, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported crude coconut (copra) oil into Grenada, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by the U.S., with a X% share.

In the Netherlands, coconut oil imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The coconut oil import price in Grenada stood at $X per tonne in 2018, dropping by -X% against the previous year. Over the period under review, the coconut oil import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. In that year, the import prices for crude coconut (copra) oil reached their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the import prices for crude coconut (copra) oil remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform