South Africa: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in South Africa

The South African crude coconut oil market reached $X in 2022, growing 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 continues to indicate a noticeable shrinkage. Crude coconut oil consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Crude Coconut Oil Exports

Exports from South Africa

After two years of growth, overseas shipments of crude coconut (copra) oil decreased by X% to X tons in 2022. Over the period under review, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, crude coconut oil exports contracted significantly to $X in 2022. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), Botswana (X tons) and Namibia (X tons) were the main destinations of crude coconut oil exports from South Africa, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Democratic Republic of the Congo ($X) and Botswana ($X) appeared to be the largest markets for crude coconut oil exported from South Africa worldwide, together accounting for X% of total exports.

Democratic Republic of the Congo, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Saint Helena, Ascension and Tristan da Cunha ($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 Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Crude Coconut Oil Imports

Imports into South Africa

In 2022, the amount of crude coconut (copra) oil imported into South Africa reduced to X tons, falling by X% against the year before. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, crude coconut oil imports soared to $X in 2022. Overall, imports, however, continue to indicate notable growth. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mozambique (X tons) constituted the largest crude coconut oil supplier to South Africa, accounting for a X% share of total imports. Moreover, crude coconut oil imports from Mozambique exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Mozambique ($X) constituted the largest supplier of crude coconut (copra) oil to South Africa, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Mozambique amounted to 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

In 2022, the average crude coconut oil import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price recorded a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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