Latest Report Update: Nov 15, 2021

Singapore - Crude Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Singapore: Crude Coconut Oil Market Overview 2021

Crude Coconut Oil Market Size in Singapore

In 2020, the Singaporean crude coconut oil market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a slight decline. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Crude Coconut Oil Exports

Exports from Singapore

In 2020, after two years of growth, there was significant decline in shipments abroad of crude coconut (copra) oil, when their volume decreased by -X% to X tonnes. In general, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. from 2010 to 2020, the growth exports remained at a lower figure.

In value terms, crude coconut oil exports dropped significantly to $X in 2020. Over the period under review, exports continue to indicate a sharp reduction. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

Australia (X tonnes), the UK (X tonnes) and South Africa (X tonnes) were the main destinations of crude coconut oil exports from Singapore, with a combined X% share of total exports. Ukraine, Malaysia, New Zealand and China lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude coconut oil exported from Singapore were Australia ($X), the UK ($X) and Ukraine ($X), together comprising X% of total exports.

Among the main countries of destination, Ukraine recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude coconut oil export price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the export price saw a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was China ($X per tonne), while the average price for exports to South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports into Singapore

In 2020, crude coconut oil imports into Singapore declined to X tonnes, shrinking by -X% compared with the year before. Overall, imports recorded a abrupt contraction. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, crude coconut oil imports surged to $X in 2020. Over the period under review, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Malaysia (X tonnes) constituted the largest crude coconut oil supplier to Singapore, accounting for a X% share of total imports. Moreover, crude coconut oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, the Philippines (X tonnes), tenfold.

From 2007 to 2020, the average annual growth rate of volume from Malaysia amounted to -X%.

In value terms, Malaysia ($X) constituted the largest supplier of crude coconut oil to Singapore, comprising X% of total imports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total imports.

From 2007 to 2020, 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 tonne in 2020, rising by X% against the previous year. In general, import price indicated mild growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, crude coconut oil import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia.

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 coconut oil consumption in 2020 were the U.S. (435K tonnes), the Philippines (348K tonnes) and Indonesia (327K tonnes), with a combined 34% share of global consumption. These countries were followed by India, China, Viet Nam, Germany, Mexico, the Netherlands, Malaysia, Bangladesh, Italy and France, which together accounted for a further 42%.
What are the largest producers of coconut (copra) oil in the world?
+
The countries with the highest volumes of coconut oil production in 2020 were the Philippines (1.3M tonnes), Indonesia (867K tonnes) and India (308K tonnes), with a combined 76% share of global production. Viet Nam, Mexico, Bangladesh and Sri Lanka lagged somewhat behind, together accounting for a further 13%.
What are the leading suppliers of coconut (copra) oil to Singapore?
+
In value terms, Indonesia ($19M) constituted the largest supplier of coconut oil to Singapore, comprising 63% of total imports. The second position in the ranking was occupied by Malaysia ($8.2M), with a 28% share of total imports.
What are the leading importers of coconut (copra) oil from Singapore?
+
In value terms, Japan ($1.3M), Pakistan ($746K) and Taiwan (Chinese) ($386K) appeared to be the largest markets for coconut oil exported from Singapore worldwide, with a combined 62% share of total exports.
What is the average export price for coconut (copra) oil in Singapore?
+
The average coconut oil export price stood at $2,727 per tonne in 2020, falling by -37.2% against the previous year.
What is the average import price for coconut (copra) oil in Singapore?
+
In 2020, the average coconut oil import price amounted to $1,410 per tonne, increasing by 24% against the previous year.

Product coverage:
• FCL 252 - Oil of Coconuts

This report provides an in-depth analysis of the crude coconut oil market in Singapore. 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:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• 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

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 2030
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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