
Spain - Crude Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights
Spain: Crude Coconut Oil Market 2023
Crude Coconut Oil Market Size in Spain
In 2021, the Spanish crude coconut oil market increased by 43% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed buoyant growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.
Crude Coconut Oil Exports
Exports from Spain
Crude coconut oil exports from Spain expanded remarkably to X tons in 2021, surging by 13% on the previous year's figure. Overall, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 306% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, crude coconut oil exports shrank modestly to $X in 2021. Over the period under review, exports showed perceptible growth. The pace of growth appeared the most rapid in 2013 when exports increased by 212% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Italy (X tons), France (X tons) and Jordan (X tons) were the main destinations of crude coconut oil exports from Spain, together comprising 68% of total exports.
From 2012 to 2021, the biggest increases were in France (with a CAGR of +38.8%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, France ($X), Italy ($X) and Syrian Arab Republic ($X) were the largest markets for crude coconut oil exported from Spain worldwide, with a combined 58% share of total exports.
France, with a CAGR of +56.5%, saw the highest growth rate of the value of exports, among 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 2021, with a decrease of -14.8% against the previous year. Over the period under review, the export price, however, saw a strong increase. The growth pace was the most rapid in 2017 an increase of 53%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then dropped in the following year.
Prices varied noticeably country of destination: the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Coconut Oil Imports
Imports into Spain
In 2021, approx. X tons of crude coconut (copra) oil were imported into Spain; growing by 8.2% compared with 2020 figures. Over the period under review, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 64% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
In value terms, crude coconut oil imports skyrocketed to $X in 2021. In general, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, the Philippines (X tons) was the main supplier of crude coconut oil to Spain, with a 92% share of total imports. Moreover, crude coconut oil imports from the Philippines exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume from the Philippines totaled +8.4%.
In value terms, the Philippines ($X) constituted the largest supplier of crude coconut oil to Spain, comprising 88% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 6.9% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from the Philippines amounted to +10.4%.
Import Prices by Country
The average crude coconut oil import price stood at $X per ton in 2021, with an increase of 57% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crude coconut oil import price increased by +76.2% against 2019 indices. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per ton), while the price for the Philippines amounted to $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.7%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the crude coconut oil market in Spain. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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