Global Coconut Oil Market 2024

Coconut Oil Market Size

The global coconut oil market totaled $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the global market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Coconut Oil Production

In value terms, coconut oil production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, global production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Coconut Oil Exports

Exports

In 2022, overseas shipments of coconut (copra) oil increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a mild contraction. Over the period under review, the global exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, coconut oil exports surged to $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Indonesia (X tons) and the Philippines (X tons) represented roughly X% of total exports in 2022. The Netherlands (X tons) ranks next in terms of the total exports with an X% share, followed by Malaysia (X%). The following exporters - Papua New Guinea (X tons) and India (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of X%), while the other global leaders experienced mixed trends in the exports figures.

In value terms, the Philippines ($X), Indonesia ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Malaysia, India and Papua New Guinea lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, India, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average coconut oil export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price posted resilient growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The global export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

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

Coconut Oil Imports

Imports

In 2022, the amount of coconut (copra) oil imported worldwide soared to X tons, with an increase of X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, coconut oil imports surged to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons), the Netherlands (X tons) and Malaysia (X tons) represented the key importer of coconut (copra) oil in the world, generating X% of total import. Germany (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%). The following importers - Italy (X tons), Russia (X tons), Indonesia (X tons), Spain (X tons), South Korea (X tons), France (X tons) and Belgium (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of global imports. Germany, China, Italy, Russia, Spain, South Korea, Indonesia, France and Belgium lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average coconut oil import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut oil import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Belgium ($X per ton) and the United States ($X per ton), while Malaysia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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