SADC: Coconut Oil Market 2024

Coconut Oil Market Size in SADC

In 2022, after three years of decline, there was significant growth in the SADC coconut oil market, when its value increased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Coconut Oil Production in SADC

In value terms, coconut oil production expanded to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Coconut Oil Exports

Exports in SADC

In 2022, coconut oil exports in SADC shrank significantly to X tons, declining by X% on the previous year. In general, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank notably in the following year.

In value terms, coconut oil exports contracted rapidly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

Mozambique was the major exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by South Africa (X tons), mixing up a X% share of total exports.

Exports from Mozambique increased at an average annual rate of X% from 2012 to 2022. At the same time, South Africa (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Mozambique (X p.p.) and South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mozambique ($X) remains the largest coconut oil supplier in SADC, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mozambique amounted to X%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, picking up by X% against the previous year. Export price indicated a temperate 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, coconut oil export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mozambique amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%).

Coconut Oil Imports

Imports in SADC

In 2022, overseas purchases of coconut (copra) oil were finally on the rise to reach X tons after three years of decline. In general, imports posted tangible growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, coconut oil imports skyrocketed to $X in 2022. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Africa was the largest importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Madagascar (X tons) and Tanzania (X tons), together committing a X% share of total imports.

South Africa was also the fastest-growing in terms of the coconut (copra) oil imports, with a CAGR of X% from 2012 to 2022. At the same time, Madagascar (X%) displayed positive paces of growth. By contrast, Tanzania (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Madagascar (X p.p.) and Tanzania (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported coconut (copra) oil in SADC, comprising X% of total imports. The second position in the ranking was taken by Madagascar ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Madagascar (X% per year) and Tanzania (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated tangible growth 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, 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%. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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