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Saudi Arabia - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Saudi Arabia: Refined Coconut Oil Market Overview 2021

Refined Coconut Oil Market Size in Saudi Arabia

For the fourth year in a row, the Saudi refined coconut oil market recorded growth in sales value, which increased by X% to $X in 2019. Overall, the total consumption indicated a perceptible expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2012 when the market value increased by X% against the previous year. Refined coconut oil consumption peaked in 2019 and is expected to retain growth in the near future.

Refined Coconut Oil Production in Saudi Arabia

In value terms, refined coconut oil production soared to $X in 2019 estimated in export prices. Overall, the total production indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% y-o-y. Refined coconut oil production peaked in 2019 and is likely to see steady growth in the near future.

Refined Coconut Oil Exports

Exports from Saudi Arabia

In 2019, the amount of refined coconut (copra) oil exported from Saudi Arabia skyrocketed to X tonnes, with an increase of X% on 2018. In general, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2011 to 2019, the growth exports remained at a lower figure.

In value terms, refined coconut oil exports fell modestly to $X in 2019. Overall, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Jordan (X tonnes) was the main destination for refined coconut oil exports from Saudi Arabia, with a X% share of total exports. Moreover, refined coconut oil exports to Jordan exceeded the volume sent to the second major destination, Sudan (X tonnes), fourfold.

From 2007 to 2019, the average annual growth rate of volume to Jordan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+X% per year) and Yemen (-X% per year).

In value terms, Sudan ($X), Jordan ($X) and Yemen ($X) appeared to be the largest markets for refined coconut oil exported from Saudi Arabia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Sudan saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average refined coconut oil export price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the period under review, the export price, however, saw a temperate increase. The pace of growth was the most pronounced in 2015 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Sudan ($X per tonne), while the average price for exports to Jordan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Yemen, while the prices for the other major destinations experienced more modest paces of growth.

Refined Coconut Oil Imports

Imports into Saudi Arabia

After two years of growth, purchases abroad of refined coconut (copra) oil decreased by -X% to X tonnes in 2019. Overall, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

In value terms, refined coconut oil imports declined notably to $X in 2019. Over the period under review, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2019, imports remained at a lower figure.

Imports by Country

India (X tonnes), Malaysia (X tonnes) and Yemen (X tonnes) were the main suppliers of refined coconut oil imports to Saudi Arabia, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in Yemen, while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of refined coconut oil to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Sri Lanka (+X% per year).

Import Prices by Country

The average refined coconut oil import price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Sri Lanka ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined coconut (copra) oil in the world?
+
The country with the largest volume of refined coconut oil consumption was the U.S. (24M tonnes), accounting for 56% of total volume. Moreover, refined coconut oil consumption in the U.S. exceeded the figures recorded by the second-largest consumer, China (3.1M tonnes), eightfold. India (1.3M tonnes) ranked third in terms of total consumption with a 3% share.
What are the largest producers of refined coconut (copra) oil in the world?
+
The U.S. (23M tonnes) constituted the country with the largest volume of refined coconut oil production, accounting for 55% of total volume. Moreover, refined coconut oil production in the U.S. exceeded the figures recorded by the second-largest producer, China (3M tonnes), eightfold. The third position in this ranking was occupied by India (1.3M tonnes), with a 3.1% share.
What are the leading suppliers of refined coconut (copra) oil to Saudi Arabia?
+
In value terms, India ($1.9M) constituted the largest supplier of refined coconut oil to Saudi Arabia, comprising 58% of total imports. The second position in the ranking was occupied by Malaysia ($400K), with a 13% share of total imports. It was followed by Sri Lanka, with a 7.8% share.
What are the leading importers of refined coconut (copra) oil from Saudi Arabia?
+
In value terms, the largest markets for refined coconut oil exported from Saudi Arabia were Sudan ($7.8K), Jordan ($6.7K) and Yemen ($1.3K), with a combined 99% share of total exports.
What is the average export price for refined coconut (copra) oil in Saudi Arabia?
+
In 2019, the average refined coconut oil export price amounted to $2,083 per tonne, dropping by -25.1% against the previous year.
What is the average import price for refined coconut (copra) oil in Saudi Arabia?
+
The average refined coconut oil import price stood at $2,203 per tonne in 2019, picking up by 14% against the previous year.

Product coverage:
• Prodcom 10415800 - Refined coconut (copra) oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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