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Japan - Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2025

Japan - Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights

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Jul 26, 2023

Cost of Coconut Oil Surges to $1,475 per Ton in Japan

Japan Coconut Oil Import Price in April 2023

In April 2023, the coconut oil price amounted to $1,475 per ton (CIF, Japan), leveling off at the previous month. Over the period under review, the import price, however, showed a pronounced downturn. The pace of growth was the most pronounced in October 2022 when the average import price increased by 30% against the previous month. Over the period under review, average import prices attained the peak figure at $2,527 per ton in May 2022; however, from June 2022 to April 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In April 2023, the country with the highest price was the Philippines ($1,426 per ton), while the price for Indonesia totaled $1,304 per ton.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by the Philippines (-3.4%).

COUNTRYImport Price of Coconut Oil in Japan (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Philippines2,1482,4632,1251,9951,8391,8352,4471,5591,4441,3621,2661,2491,426
Indonesia2,1563,1992,2952,7262,5992,4391,6351,6801,5732,0092,0321,4441,304
Average2,2162,5272,2342,0821,9811,9432,5191,6101,6181,3941,3151,4531,475

Japan Coconut Oil Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was crude coconut (copra) oil ($8,511 per ton), while the price for refined coconut (copra) oil totaled $1,446 per ton.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by crude coconut oil (+4.2%).

Japan Coconut Oil Imports

In April 2023, the amount of coconut (copra) oil imported into Japan surged to 2.7K tons, growing by 33% compared with the month before. Overall, imports enjoyed a slight increase. The pace of growth appeared the most rapid in November 2022 with an increase of 666% m-o-m. As a result, imports attained the peak of 5.1K tons. From December 2022 to April 2023, the growth of imports remained at a lower figure.

In value terms, coconut oil imports soared to $4M (IndexBox estimates) in April 2023. In general, imports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in November 2022 with an increase of 390% month-to-month.

Japan Coconut Oil Imports by Type

In April 2023, refined coconut (copra) oil (2.7K tons) was the main type of coconut oil supplied to Japan, accounting for a 100% share of total imports. It was followed by crude coconut (copra) oil (11 tons), with a 0.4% share of total imports.

From April 2022 to April 2023, the average monthly growth rate of the volume of import of refined coconut (copra) oil stood at +1.2%.

In value terms, refined coconut (copra) oil ($3.9M) constituted the largest type of coconut oil supplied to Japan, comprising 98% of total imports. The second position in the ranking was held by crude coconut (copra) oil ($95K), with a 2.4% share of total imports.

Japan Coconut Oil Imports by Country

In April 2023, the Philippines (2.7K tons) was the main coconut oil supplier to Japan, accounting for a 99% share of total imports. It was followed by Indonesia (22 tons), with a 0.8% share of total imports.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from the Philippines amounted to +1.4%.

In value terms, the Philippines ($3.8M) constituted the largest supplier of coconut oil to Japan, comprising 95% of total imports. The second position in the ranking was taken by Indonesia ($28K), with a 0.7% share of total imports.

From April 2022 to April 2023, the average monthly growth rate of value from the Philippines stood at -2.0%.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the coconut oil market in Japan. 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.

Product coverage:

  • FCL 252 - Oil of Coconuts

Country coverage:

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Japan
    • 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. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE

    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2024
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2024
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. LIST OF TABLES

      1. Key Findings In 2024
      2. Market Volume, In Physical Terms, 2012–2024
      3. Market Value, 2012–2024
      4. Per Capita Consumption In 2012-2024
      5. Imports, In Physical Terms, By Country, 2012–2024
      6. Imports, In Value Terms, By Country, 2012–2024
      7. Import Prices, By Country Of Origin, 2012–2024
      8. Exports, In Physical Terms, By Country, 2012–2024
      9. Exports, In Value Terms, By Country, 2012–2024
      10. Export Prices, By Country Of Destination, 2012–2024

    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2024
      2. Market Value, 2012–2024
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
      5. Trade Balance, In Physical Terms, 2012-2024
      6. Trade Balance, In Value Terms, 2012-2024
      7. Per Capita Consumption, 2012-2024
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2024
      22. Production, In Value Terms, 2012–2024
      23. Imports, In Physical Terms, 2012–2024
      24. Imports, In Value Terms, 2012–2024
      25. Imports, In Physical Terms, By Country, 2024
      26. Imports, In Physical Terms, By Country, 2012–2024
      27. Imports, In Value Terms, By Country, 2012–2024
      28. Import Prices, By Country Of Origin, 2012–2024
      29. Exports, In Physical Terms, 2012–2024
      30. Exports, In Value Terms, 2012–2024
      31. Exports, In Physical Terms, By Country, 2024
      32. Exports, In Physical Terms, By Country, 2012–2024
      33. Exports, In Value Terms, By Country, 2012–2024
      34. Export Prices, By Country Of Destination, 2012–2024

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