Portugal: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Portugal

The Portuguese crude coconut oil market fell significantly to $X in 2022, waning 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). In general, consumption, however, showed significant growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Crude Coconut Oil Exports

Exports from Portugal

In 2022, after two years of decline, there was significant growth in overseas shipments of crude coconut (copra) oil, when their volume increased by X% to X tons. Over the period under review, exports posted a resilient increase. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, crude coconut oil exports skyrocketed to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X tons) was the main destination for crude coconut oil exports from Portugal, with a X% share of total exports. Moreover, crude coconut oil exports to Angola exceeded the volume sent to the second major destination, Spain (X kg), ninefold. Mozambique (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Angola stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Mozambique (X% per year).

In value terms, Angola ($X) remains the key foreign market for crude coconut (copra) oil exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Mozambique, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Angola totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Mozambique (X% per year).

Export Prices by Country

The average crude coconut oil export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Belgium ($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 Spain (X%), while the prices for the other major destinations experienced a decline.

Crude Coconut Oil Imports

Imports into Portugal

In 2022, the amount of crude coconut (copra) oil imported into Portugal shrank remarkably to X tons, falling by X% compared with the previous year's figure. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, crude coconut oil imports fell sharply to $X in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of crude coconut oil to Portugal, with a X% share of total imports. Moreover, crude coconut oil imports from Spain exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and the Netherlands (X% per year).

In value terms, Spain ($X) constituted the largest supplier of crude coconut (copra) oil to Portugal, comprising X% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total imports. It was followed by Slovenia, with an X% share.

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

Import Prices by Country

In 2022, the average crude coconut oil import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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