Kenya: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Kenya

In 2022, after three years of decline, there was significant growth in the Kenyan crude coconut oil market, when its value increased by X% to $X. In general, consumption, however, recorded a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Crude Coconut Oil Production in Kenya

In value terms, crude coconut oil production stood at $X in 2022 estimated in export price. In general, production, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Crude Coconut Oil Exports

Exports from Kenya

In 2022, overseas shipments of crude coconut (copra) oil were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, crude coconut oil exports soared to $X in 2022. Overall, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Yemen (X tons), the United States (X tons) and Rwanda (X tons) were the main destinations of crude coconut oil exports from Kenya, together comprising X% of total exports.

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

In value terms, the United States ($X) remains the key foreign market for crude coconut (copra) oil exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Yemen ($X), with a X% share of total exports. It was followed by Rwanda, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (X% per year) and Rwanda (X% per year).

Export Prices by Country

The average crude coconut oil export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports into Kenya

In 2022, purchases abroad of crude coconut (copra) oil was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports showed a notable increase. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, crude coconut oil imports soared to $X in 2022. Over the period under review, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest crude coconut oil supplier to Kenya, with a X% share of total imports. Moreover, crude coconut oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of crude coconut (copra) oil to Kenya, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and China (X% per year).

Import Prices by Country

The average crude coconut oil import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price recorded perceptible growth. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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