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Thailand - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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Thailand: Refined Coconut Oil Market Overview 2021

Refined Coconut Oil Market Size in Thailand

In 2019, the Thai refined coconut oil market decreased by -X% to $X, falling for the third consecutive year after four years of growth. Overall, consumption recorded a perceptible expansion. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.

Refined Coconut Oil Production in Thailand

In value terms, refined coconut oil production dropped significantly to $X in 2019 estimated in export prices. Over the period under review, production saw a remarkable increase. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2019, production growth failed to regain the momentum.

Refined Coconut Oil Exports

Exports from Thailand

In 2019, refined coconut oil exports from Thailand rose sharply to X tonnes, with an increase of X% compared with the previous year. In general, exports posted strong growth. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, refined coconut oil exports expanded significantly to $X in 2019. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

Russia (X tonnes) was the main destination for refined coconut oil exports from Thailand, accounting for a X% share of total exports. Moreover, refined coconut oil exports to Russia exceeded the volume sent to the second major destination, Japan (X tonnes), threefold. The third position in this ranking was occupied by Lao People's Democratic Republic (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Lao People's Democratic Republic (+X% per year).

In value terms, the largest markets for refined coconut oil exported from Thailand were Japan ($X), Russia ($X) and Lao People's Democratic Republic ($X), with a combined X% share of total exports. Hong Kong SAR, South Korea, Switzerland, the U.S., Taiwan (Chinese), Spain, Saudi Arabia, Iceland, Bahrain and Kenya lagged somewhat behind, together accounting for a further X (+X% per year) saw 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

In 2019, the average refined coconut oil export price amounted to $X per tonne, approximately mirroring the previous year. In general, the export price, however, saw a strong increase. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Japan ($X per tonne), while the average price for exports to Kenya ($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 South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Refined Coconut Oil Imports

Imports into Thailand

In 2019, overseas purchases of refined coconut (copra) oil decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, refined coconut oil imports declined markedly to $X in 2019. In general, imports showed a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tonnes), Indonesia (X tonnes) and the Philippines (X tonnes) were the main suppliers of refined coconut oil imports to Thailand, together comprising X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines, while imports for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X), Indonesia ($X) and Japan ($X) appeared to be the largest refined coconut oil suppliers to Thailand, together accounting for X% of total imports. The Philippines lagged somewhat behind, accounting for a further X Philippines saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average refined coconut oil import price amounted to $X per tonne, falling by -X% against the previous year. Overall, the import price, however, posted a moderate expansion. The growth pace was the most rapid in 2008 when the average import price increased by 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 Japan ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined coconut (copra) oil in the world?
+
The U.S. (24M tonnes) remains the largest refined coconut oil consuming country worldwide, 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. The third position in this ranking was occupied by India (1.3M tonnes), 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 Thailand?
+
In value terms, Malaysia ($210K), Indonesia ($124K) and Japan ($69K) appeared to be the largest refined coconut oil suppliers to Thailand, with a combined 76% share of total imports. The Philippines lagged somewhat behind, comprising a further 11%.
What are the leading importers of refined coconut (copra) oil from Thailand?
+
In value terms, Japan ($1.5M), Russia ($1.1M) and Lao People's Democratic Republic ($352K) were the largest markets for refined coconut oil exported from Thailand worldwide, together comprising 57% of total exports. Hong Kong SAR, South Korea, Switzerland, the U.S., Taiwan (Chinese), Spain, Saudi Arabia, Iceland, Bahrain and Kenya lagged somewhat behind, together comprising a further 23%.
What is the average export price for refined coconut (copra) oil in Thailand?
+
The average refined coconut oil export price stood at $5,193 per tonne in 2019, flattening at the previous year.
What is the average import price for refined coconut (copra) oil in Thailand?
+
In 2019, the average refined coconut oil import price amounted to $1,533 per tonne, declining by -24.9% 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 Thailand. 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:
• Thailand

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