Middle East: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in the Middle East

In 2022, the Middle Eastern crude coconut oil market increased by X% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, showed a temperate increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Crude Coconut Oil Production in the Middle East

In value terms, crude coconut oil production expanded significantly to $X in 2022 estimated in export price. In general, production saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Crude Coconut Oil Exports

Exports in the Middle East

In 2022, shipments abroad of crude coconut (copra) oil increased by X% to X tons, rising for the fourth consecutive year after four years of decline. Overall, exports continue to indicate a modest expansion. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, crude coconut oil exports soared to $X in 2022. Over the period under review, exports showed temperate growth. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Israel (X tons), Oman (X tons) and Turkey (X tons) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of crude coconut (copra) oil. At the same time, Turkey (X%) and Israel (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Oman (X%) illustrated a downward trend over the same period. Israel (X p.p.), Oman (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest crude coconut oil supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports. It was followed by Israel, with a X% share.

In the United Arab Emirates, crude coconut oil exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Israel (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, continues to indicate temperate growth. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then fell sharply in the following year.

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

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

Crude Coconut Oil Imports

Imports in the Middle East

In 2022, the amount of crude coconut (copra) oil imported in the Middle East dropped dramatically to X tons, shrinking by X% against the year before. In general, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, crude coconut oil imports contracted notably to $X in 2022. Over the period under review, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Yemen (X tons), the United Arab Emirates (X tons) and Iran (X tons) represented the largest importer of crude coconut (copra) oil in the Middle East, constituting X% of total import. Qatar (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%). The following importers - Israel (X tons) and Oman (X tons) - each finished at 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 Oman (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crude coconut oil importing markets in the Middle East were Yemen ($X), the United Arab Emirates ($X) and Qatar ($X), together accounting for X% of total imports. Iran, Turkey, Israel and Oman lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to 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 the Middle East amounted to $X per ton, which is down by X% against the previous year. Import price indicated a notable increase 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, crude coconut oil import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :