MERCOSUR: Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size in MERCOSUR

The MERCOSUR refined coconut oil market reduced modestly to $X in 2022, with a decrease of X% against the previous year. In general, consumption showed a pronounced shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refined Coconut Oil Production in MERCOSUR

In value terms, refined coconut oil production shrank modestly to $X in 2022 estimated in export price. Overall, production saw a perceptible slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Refined Coconut Oil Exports

Exports in MERCOSUR

In 2022, refined coconut oil exports in MERCOSUR skyrocketed to X tons, jumping by X% against 2021. Over the period under review, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, refined coconut oil exports soared to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Uruguay was the largest exporter of refined coconut (copra) oil in MERCOSUR, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Chile (X tons) and Brazil (X tons), together creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to refined coconut oil exports from Uruguay stood at X%. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Uruguay (X p.p.) and Chile (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics.

In value terms, Uruguay ($X) emerged as the largest refined coconut oil supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Uruguay totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price, however, enjoyed a tangible expansion. The pace of growth was the most pronounced in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

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

Refined Coconut Oil Imports

Imports in MERCOSUR

Refined coconut oil imports dropped rapidly to X tons in 2022, waning by X% compared with 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, refined coconut oil imports reduced sharply to $X in 2022. Over the period under review, imports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell remarkably in the following year.

Imports by Country

Brazil was the largest importer of refined coconut (copra) oil in MERCOSUR, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Argentina (X tons) and Chile (X tons), together creating a X% share of total imports. The following importers - Uruguay (X tons), Colombia (X tons) and Suriname (X tons) - each reached a X% share of total imports.

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

In value terms, Brazil ($X), Argentina ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Chile, with a CAGR of X%, saw 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

In 2022, the import price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined coconut oil import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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