United Kingdom - Crude Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUK Sees Significant Decline in Crude Coconut Oil Imports, Falling to $8.3M in 2023
United Kingdom Crude Coconut Oil Imports
In 2023, supplies from abroad of crude coconut (copra) oil decreased by -38% to 2.3K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 92%. Imports peaked at 8.6K tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.
In value terms, crude coconut oil imports dropped rapidly to $8.3M (IndexBox estimates) in 2023. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 84%. Over the period under review, imports hit record highs at $23M in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.
| COUNTRY | Import Value of Crude Coconut Oil in United Kingdom (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Philippines | 1.2 | 4.1 | 3.8 | 3.1 | 2.0 | 2.0 | 3.0 | 3.5 | 11.5 | 9.1 | 2.2 |
| Slovenia | N/A | N/A | N/A | N/A | N/A | N/A | 0.6 | 1.2 | 0.5 | 1.7 | 2.1 |
| Sri Lanka | 1.0 | 2.4 | 7.5 | 5.5 | 4.0 | 2.1 | 1.5 | 2.2 | 1.7 | 2.1 | 1.3 |
| Netherlands | 4.3 | 5.9 | 6.6 | 6.9 | 7.8 | 5.8 | 2.1 | 2.3 | 1.1 | 0.2 | 1.1 |
| Indonesia | 0.3 | 2.4 | 0.5 | N/A | 0.3 | 0.3 | 0.4 | 0.2 | 0.3 | 0.8 | 1.0 |
| Vietnam | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.2 | 0.3 |
| United States | 0.2 | 1.1 | 1.5 | 2.5 | 1.6 | 0.3 | 0.4 | 0.3 | 0.2 | 0.1 | 0.1 |
| Germany | 0.7 | 1.3 | 0.9 | 1.0 | 2.2 | 2.2 | 1.3 | 0.2 | 0.1 | N/A | N/A |
| Others | 2.5 | 1.6 | 2.1 | 1.4 | 0.2 | 0.2 | 0.1 | 0.3 | 1.3 | 0.2 | 0.2 |
| Total | 10.3 | 18.8 | 23.0 | 20.5 | 18.0 | 12.9 | 9.4 | 10.2 | 16.7 | 14.3 | 8.3 |
Imports by Country
Indonesia (566 tons), the Netherlands (552 tons) and the Philippines (434 tons) were the main suppliers of crude coconut oil imports to the UK, with a combined 68% share of total imports. Slovenia, Sri Lanka, Vietnam, the United States and Germany lagged somewhat behind, together accounting for a further 31%.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +58.1%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest crude coconut oil suppliers to the UK were the Philippines ($2.2M), Slovenia ($2.1M) and Sri Lanka ($1.3M), with a combined 68% share of total imports. the Netherlands, Indonesia, Vietnam, the United States and Germany lagged somewhat behind, together accounting for a further 29%.
Vietnam, with a CAGR of +58.5%, 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
In 2023, the crude coconut oil price stood at $3,620 per ton (CIF, United Kingdom), with a decrease of -7% against the previous year. Over the period under review, import price indicated a remarkable increase from 2013 to 2023: its price increased at an average annual rate of +10.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, crude coconut oil import price increased by +56.8% against 2021 indices. The pace of growth appeared the most rapid in 2022 when the average import price increased by 69%. As a result, import price attained the peak level of $3,892 per ton, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($13,041 per ton), while the price for Indonesia ($1,699 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+53.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the crude coconut oil market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
