Global Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size

For the third year in a row, the global refined coconut oil market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by X%. Global consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Refined Coconut Oil Production

In value terms, refined coconut oil production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Global production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Refined Coconut Oil Exports

Exports

For the third year in a row, the global market recorded growth in shipments abroad of refined coconut (copra) oil, which increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The global exports peaked at X tons in 2015; afterwards, it flattened through to 2022.

In value terms, refined coconut oil exports surged to $X in 2022. Overall, total exports indicated a strong expansion 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 with an increase of X% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from Indonesia (X tons), the Philippines (X tons) and the Netherlands (X tons), together amounting to X% of total export. It was distantly followed by Malaysia (X tons), achieving an X% share of total exports. The following exporters - the United States (X tons), India (X tons) and Germany (X tons) - each amounted to a X% share of total exports.

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

In value terms, the largest refined coconut oil supplying countries worldwide were the Philippines ($X), Indonesia ($X) and the Netherlands ($X), with a combined X% share of global exports. Malaysia, the United States, India and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average refined coconut oil export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated a notable 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, refined coconut oil export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 United States ($X per ton), while Indonesia ($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.

Refined Coconut Oil Imports

Imports

Global refined coconut oil imports rose significantly to X tons in 2022, increasing by X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, refined coconut oil imports surged to $X in 2022. Overall, total imports indicated a prominent 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons), distantly followed by China (X tons), Germany (X tons) and Russia (X tons) represented the main importers of refined coconut (copra) oil, together achieving X% of total imports. The following importers - South Korea (X tons), Belgium (X tons), Japan (X tons), Malaysia (X tons), Poland (X tons), Turkey (X tons), Italy (X tons), Singapore (X tons) and France (X tons) - together made up X% of total imports.

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

In value terms, the United States ($X), China ($X) and Germany ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of global imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

The average refined coconut oil import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a notable 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, refined coconut oil import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Global import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and Italy ($X per ton), while China ($X per ton) and Singapore ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :