Report Update Apr 1, 2024

Saudi Arabia - Crude Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Saudi Arabia

After two years of decline, the Saudi crude coconut oil market decreased by X% to $X in 2022. In general, consumption, however, recorded a significant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Crude Coconut Oil Production in Saudi Arabia

In value terms, crude coconut oil production stood at $X in 2022 estimated in export price. Overall, production enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Crude Coconut Oil Exports

Exports from Saudi Arabia

In 2022, shipments abroad of crude coconut (copra) oil decreased by X% to X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude coconut oil exports stood at $X in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Ethiopia (X kg) was the main destination for crude coconut oil exports from Saudi Arabia, with a approx. X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Ethiopia was relatively modest.

From 2013 to 2022, the average annual rate of growth in terms of value to Ethiopia was relatively modest.

Export Prices by Country

In 2022, the average crude coconut oil export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Ethiopia.

From 2013 to 2022, the rate of growth in terms of prices for Jordan amounted to X% per year.

Crude Coconut Oil Imports

Imports into Saudi Arabia

In 2021, imports of crude coconut (copra) oil into Saudi Arabia amounted to X tons, remaining stable against 2020 figures. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, crude coconut oil imports stood at $X in 2021. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest crude coconut oil supplier to Saudi Arabia, with a X% share of total imports. Moreover, crude coconut oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia totaled X%.

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

From 2012 to 2021, the average annual growth rate of value from Malaysia amounted to X%.

Import Prices by Country

The average crude coconut oil import price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the import price enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while the price for Malaysia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for coconut (copra) oil in the world?

The countries with the highest volumes of consumption in 2023 were the United States, the Netherlands and the Philippines, with a combined 35% share of global consumption. India, Germany, Malaysia, Indonesia, China, Vietnam, Italy, Mexico and Russia lagged somewhat behind, together accounting for a further 43%.

What are the largest producers of coconut (copra) oil in the world?

The countries with the highest volumes of production in 2022 were the Philippines, Indonesia and India, with a combined 66% share of global production. The Netherlands, Vietnam, Mexico, Sri Lanka and Germany lagged somewhat behind, together accounting for a further 21%.

What are the leading suppliers of coconut (copra) oil to Saudi Arabia?

In value terms, India constituted the largest supplier of coconut copra) oil to Saudi Arabia, comprising 56% of total imports. The second position in the ranking was taken by Sri Lanka, with a 21% share of total imports. It was followed by Malaysia, with a 14% share.

What is the average export price for coconut (copra) oil in Saudi Arabia?

In 2022, the average coconut oil export price amounted to $4,229 per ton, rising by 7.8% against the previous year.

What is the average import price for coconut (copra) oil in Saudi Arabia?

In 2022, the average coconut oil import price amounted to $3,202 per ton, with an increase of 11% against the previous year.

This report provides an in-depth analysis of the crude coconut oil market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 252 - Oil of Coconuts

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023