Uganda: Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size in Uganda

The Ugandan refined coconut oil market reached $X in 2022, rising by X% against the previous year. Overall, consumption continues to indicate a pronounced expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Refined Coconut Oil Production in Uganda

In value terms, refined coconut oil production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Refined Coconut Oil Exports

Exports from Uganda

In 2022, after four years of decline, there was significant growth in overseas shipments of refined coconut (copra) oil, when their volume increased by X% to X kg. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, refined coconut oil exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

South Sudan (X kg) was the main destination for refined coconut oil exports from Uganda, accounting for a X% share of total exports. Moreover, refined coconut oil exports to South Sudan exceeded the volume sent to the second major destination, Canada (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to South Sudan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Rwanda (X% per year).

In value terms, South Sudan ($X) remains the key foreign market for refined coconut (copra) oil exports from Uganda, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Sudan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Rwanda (X% per year).

Export Prices by Country

In 2022, the average refined coconut oil export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price posted buoyant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Rwanda ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Coconut Oil Imports

Imports into Uganda

In 2022, after two years of decline, there was significant growth in purchases abroad of refined coconut (copra) oil, when their volume increased by X% to X tons. Overall, imports posted a strong expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, refined coconut oil imports reached $X in 2022. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Sri Lanka (X tons) and India (X tons) were the main suppliers of refined coconut oil imports to Uganda, together accounting for X% of total imports. Kenya, the United States, South Africa and China lagged somewhat behind, together accounting for a further X%.

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

In value terms, Kenya ($X), Sri Lanka ($X) and the United Arab Emirates ($X) appeared to be the largest refined coconut oil suppliers to Uganda, together comprising X% of total imports. India, South Africa, the United States and China lagged somewhat behind, together accounting for a further X%.

South Africa, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refined coconut oil import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price, however, enjoyed prominent growth. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then declined modestly in the following year.

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

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

Source: IndexBox Platform

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