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

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

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Coconut oil market

Coconut oil market: download the most recent information provided by an Ai-driven BI tool. Information contain consumption, companies, market size, exports, production, imports, trade, and market prices. Here is a split by region, including the U.S., the U.K., China, EU, the Middle East, Latin America, Russia, and Africa. Market dynamics and forecast to 2030 are also provided in the dashboards.

Coconut Oil - World's Largest Markets

RatingCountry
1Philippines
2India
3United States
4Mexico
5Vietnam

In value terms, the largest coconut oil markets worldwide were the Philippines, India and the United States, together accounting for 35% of the global market. These countries were followed by Mexico, Vietnam, Sri Lanka, Indonesia, China, Germany, Bangladesh, the Netherlands, Italy and Malaysia, which together accounted for a further 40%.

Sri Lanka saw the highest growth rate of market size, among the main consuming countries over the period under review, while coconut oil market for the other global leaders experienced more modest paces of growth.

Coconut Oil Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Papua New Guinea1126732871-12.0%
Indonesia1171811943-10.3%
Malaysia156511151035-18.7%
Netherlands162511731219-13.4%
Philippines141311261234-6.5%
Average146611441227-8.5%

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in the Philippines ($1,234 per ton) and the Netherlands ($1,219 per ton), while Papua New Guinea ($871 per ton) and Indonesia ($943 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Belgium153510591229-10.5%
Sri Lanka136311021216-5.5%
Japan14119911165-9.1%
France126911431159-4.4%
Germany13529501130-8.6%
United States162912461106-17.6%
South Korea13319261060-10.8%
Indonesia11737281005-7.4%
Spain1377905980-15.6%
Italy14921148969-19.4%
China1292939969-13.4%
Malaysia10281145906-6.1%
Netherlands1237837882-15.6%
Average145011061113-12.4%

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Belgium ($1,229 per ton) and Sri Lanka ($1,216 per ton), while the Netherlands ($882 per ton) and Malaysia ($906 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced a decline in the import price figures.

Coconut Oil - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States0.80.60.5-17.7%
Netherlands0.50.30.3-19.7%
Malaysia0.20.20.24.4%
Germany0.20.20.2-8.8%
China0.20.20.2-8.9%

In value terms, the largest coconut oil importing markets worldwide were the United States ($531M), the Netherlands ($296M) and Malaysia ($217M), with a combined 43% share of global imports. Germany, China, Sri Lanka, Italy, France, Belgium, South Korea, Japan, Indonesia and Spain lagged somewhat behind, together comprising a further 33%.

In terms of the main importing countries, Sri Lanka (+175.2% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Coconut Oil - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Philippines1.310.8-24.2%
Indonesia0.80.50.5-14.9%
Netherlands0.40.20.3-16.9%
Malaysia0.20.20.217.7%
Papua New Guinea0.030.020.034.5%

In value terms, the Philippines ($774M), Indonesia ($546M) and the Netherlands ($268M) constituted the countries with the highest levels of exports in 2020, together comprising 70% of global exports. These countries were followed by Malaysia and Papua New Guinea, which together accounted for a further 11%.

In terms of the main exporting countries, Malaysia saw 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 mixed trends in the exports figures.

Coconut Oil - Market Forecast

Driven by increasing demand for coconut oil worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Coconut Oil - Top Companies

UNI-PRESIDENT ENTERPRISES CORP., Cargill Agrícola S/A, Kaifeng Sankou Food Co.,Ltd., Tongchuan Shenyu Technology Development Co.,Ltd., Jiaxiang Tianyuan Vegetable Oil Co.,Ltd., ADM do Brasil Ltda, Louis Dreyfus Company Brasil S/A., Ningyuan Jiuyi Mountain Vegetable Oil Co., Ltd., VICENTIN S.A.I.C., Tibet Linzhi Medog County Baimagang Grain & Oil Processing Sales Co., Ltd., VICENTIN S.A.I.C., Cocamar - Cooperativa Agroindustrial, Bianchini S/A. Indústria, Comércio e Agricultura, Bianchini S/A. Indústria, Comércio e Agricultura, Dongguan Fuzhiyuan Feedstuff Protein Development Co., Ltd., Jiu San Group Tianjin Soya Science And Technology Co., Ltd., THAI VEGETABLE OIL PUBLIC COMPANY LIMITED, Syngenta Seeds, LLC, Syngenta Seeds, Inc., Solae, LLC

Coconut Oil - Product Coverage

  • HS 151311 - Vegetable oils; coconut (copra) oil and its fractions, crude, not chemically modified
  • HS 151319 - Vegetable oils; coconut (copra) oil and its fractions, other than crude, whether or not refined, but not chemically modified

Source: IndexBox Market Intelligence Platform

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

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Edward & Sons Trading Co, Greenville Agro Corporation, The Coconut Company (UK) Ltd., Healthy Traditions, Inc., Nutiva Inc., The Hain Celestial Group, MaxCare VCO, Celebes Coconut Corporation, SC Global Coco Products Inc., Barlean's, Davidsun Natural PVT LTD, PT Indo Perkasa Oil, NOW Foods, Nature's Way Products, LLC., Leyte Koko Oil Inc., Cargill Philippines Oil, Inc., Bicol Oil Mills and Refinery Corporation, Gokul Refoils & Solvent Limited, Cocoguru Coconut Industries Private Limited, SRM Gold Pure Coconut Oil

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. CONSUMPTION BY COUNTRY
    3. 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. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

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

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024
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Blog
Event
Coconut Oil Price Rally to Continue in 2022 on Boosting Demand
Jan 14, 2022
Eye 1026

Coconut oil prices will grow moderately this year, following the fundamental trend relevant to all vegetable oils. The average annual coconut oil price is set to grow by 2.3% y-o-y to $1,674 per ton in 2022 due to limited supply and rising logistic costs.
Global Coconut Oil Market 2019 - the Philippines Continues to Dominate Production and Trade
Sep 2, 2019
Eye 831

In 2018, the Philippines (916K tons) was the main exporter of coconut (copra) oil, comprising 49% of the global exports...
Palm Kernel Oil Prices Soar by 27% in October
Nov 11, 2021
Eye 1198

Prices for palm kernel oil spiked by 27% over the month, reaching $1,807 in October 2021. Compared to this year's January figures, the prices soared by +32%. In 2020, palm kernel exports dropped by -3.1% y-o-y in physical terms but grew by +8.9% y-o-y in value terms, reaching $2.5B. Indonesia remains the largest supplier, accounting for 56% of global exports of palm kernel oil. China, the U.S. and Germany constitute the most prominent importers of the product. 
Which Country Consumes the Most Palm Kernel Oil in the World?
Feb 9, 2018
Eye 2861

Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
Which Country Produces the Most Palm Kernel and Babassu Oil in the World?
Nov 20, 2017
Eye 2841

In 2015, the countries with the highest levels of palm kernel and babassu oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
Palm Kernel Oil Market - Indonesia’s Exports of Palm Kernel and Babassu Oil Increased by 18% in 2014
Oct 4, 2015
Eye 1357

Indonesia continued its dominance in the global trade of palm kernel and babassu oil. In 2014, Indonesia exported X thousand tons of palm kernel and babassu oil totaling X million USD, X% over the previous year. Its primary trading partner w
The Philippines and Indonesia Remain the Main Producers of Coconut Oil
May 22, 2018
Eye 1957

From 2007 to 2016, the value of the global coconut oil market showed an unstable dynamic trend. However, in 2016, the value of the global coconut oil market expanded to X billion USD. The main reason for this can be explained by the rise in the price
Which Country Consumes the Most Coconut Oil in the World?
Feb 9, 2018
Eye 5539

Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
Which Country Exports the Most Coconut Oil in the World?
Feb 1, 2018
Eye 5550

Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
Which Country Imports the Most Coconut Oil in the World?
Jan 25, 2018
Eye 5508

Global coconut oil imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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