South Africa - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSouth Africa's Imports of Refined Coconut Oil Surge by 35%, Reaching $7.4 Million in 2024
South Africa Refined Coconut Oil Imports
In 2024, approx. 4.8K tons of refined coconut (copra) oil were imported into South Africa; growing by 37% compared with the year before. In general, total imports indicated a mild expansion from 2014 to 2024: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by -14.5% against 2022 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs at 5.7K tons in 2022; however, from 2023 to 2024, imports failed to regain momentum.
In value terms, refined coconut oil imports soared to $7.4M (IndexBox estimates) in 2024. Over the period under review, imports recorded a slight increase. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. Over the period under review, imports hit record highs at $13M in 2022; however, from 2023 to 2024, imports failed to regain momentum.
| COUNTRY | Import Value of Refined Coconut Oil in South Africa (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| Indonesia | 3.5 | 1.7 | 2.9 | 4.2 | 4.5 | 3.0 | 3.3 | 2.8 | 6.7 | 1.7 | 3.0 |
| Philippines | 1.1 | 1.2 | 1.3 | 1.2 | 1.5 | 0.8 | 0.8 | 3.5 | 1.8 | 0.4 | 1.5 |
| Malaysia | 0.9 | 0.4 | 0.1 | 0.4 | 0.1 | 0.2 | 0.5 | 0.2 | 2.3 | 1.7 | 1.4 |
| Mozambique | 0.5 | 0.4 | 1.1 | 0.5 | 0.6 | 0.3 | 0.4 | 1.8 | 1.4 | 1.3 | 1.2 |
| Sri Lanka | 0.1 | 0.5 | N/A | 0.1 | 0.1 | 0.1 | 0.4 | 0.1 | N/A | 0.2 | 0.2 |
| Others | 0.3 | 0.3 | 0.3 | 0.4 | 0.6 | 0.7 | 0.4 | 0.4 | 0.6 | 0.2 | 0.3 |
| Total | 6.3 | 4.4 | 5.8 | 6.8 | 7.3 | 5.1 | 5.8 | 8.7 | 12.8 | 5.5 | 7.4 |
Imports by Country
In 2024, Indonesia (2.1K tons) constituted the largest supplier of refined coconut oil to South Africa, accounting for a 42% share of total imports. Moreover, refined coconut oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Mozambique (905 tons), twofold. the Philippines (883 tons) ranked third in terms of total imports with an 18% share.
From 2014 to 2024, the average annual rate of growth in terms of volume from Indonesia totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mozambique (+9.4% per year) and the Philippines (+13.5% per year).
In value terms, Indonesia ($3M), the Philippines ($1.5M) and Malaysia ($1.4M) were the largest refined coconut oil suppliers to South Africa, together comprising 78% of total imports. Mozambique and Sri Lanka lagged somewhat behind, together comprising a further 18%.
Among the main suppliers, Mozambique, with a CAGR of +9.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2024, the refined coconut oil price stood at $1,540 per ton (CIF, South Africa), flattening at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 49% against the previous year. Over the period under review, average import prices hit record highs at $2,268 per ton in 2022; however, from 2023 to 2024, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2024, amid the top importers, the highest price was recorded for prices from the Philippines ($1,674 per ton) and Malaysia ($1,638 per ton), while the price for Mozambique ($1,324 per ton) and Indonesia ($1,441 per ton) were amongst the lowest.
From 2014 to 2024, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the refined coconut oil market in South Africa. 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:
- Prodcom 10415800 - Refined coconut (copra) oil and its fractions (excluding chemically modified)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
